Company: EGG
Filing Date: 2025-04-16
Form Type: F-1/A
Source: 0001641172-25-004947
Chunk: 2

Company: ENIGMATIG LTD
Filing Date: 2025-04-16
Form: F-1/A
Chunk 2
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 a Cayman Islands holding company. Prior to this offering, there has been no public market for our Class A ordinary shares. We anticipate that the initial public offering price will be between US$4.00 and US$5.00 per share.

We have adopted a dual-class ordinary share structure and our ordinary shares are divided into Class A ordinary shares and Class B ordinary shares. The rights of the holders of Class A ordinary shares and Class B ordinary shares are identical, except with respect to voting and conversion rights. Each Class A ordinary share is entitled to one vote per share and is not convertible into any other shares. Each Class B ordinary share is entitled to 10 votes per share and is convertible at any time into one Class A ordinary share. In addition, our Class B ordinary shares will automatically convert into Class A ordinary shares upon certain transfers and other events. After giving effect to the sale of Class A ordinary shares hereby, Mr. Foo Chee Weng Desmond, our Chief Executive Officer and the beneficial owner of our outstanding Class B ordinary shares, will hold approximately 90.6% of the voting power of our outstanding shares following this offering (90.3% if the underwriters exercise their option to purchase additional Class A ordinary shares in full). Accordingly, we will be a “controlled company” as defined under Section 801(a) of the NYSE American Company Guide because Mr. Foo Chee Weng Desmond will hold more than 50% of the aggregate voting power of our total issued and outstanding share capital and will have the ability to determine all matters requiring approval by shareholders. As a “controlled company”, we are permitted to elect not to comply with certain corporate governance requirements. If we rely on these exemptions, you will not have same protection afforded to shareholders of companies that are subject to these corporate governance requirements. See “Management — Controlled Company Exemptions.”

We intend to apply to list our Class A ordinary shares on the NYSE American Market, or NYSE American, under the symbol “EGG”. No assurance can be given that our application will be approved or that a trading market will develop. The offering will not proceed unless our Class A ordinary shares are accepted for listing on the NYSE American.

We are an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012, as amended, and are eligible for reduced public company reporting requirements.

We are a holding company incorporated in the Cayman Islands without any operations of its own. We conduct our operations primarily in Singapore, Hong