Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 157

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 157
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                                                            |     | Per Share |     |     | Total |     |    |
|:-----------------------------------------------------------|:----|:----------|:----|:----|:------|:----|---:|
| Initial public offering price (1)                          |     | $         | [●] |     | $     | [●] | -4 |
| Underwriting discounts and commissions (2)                 |     | $         | [●] |     | $     | [●] |    |
| Proceeds, before expenses, to us (3)                       |     | $         | [●] |     | $     | [●] |    |
| Proceeds, before expenses, to the Selling Shareholders (3) |     | $         | [●] |     | $     | [●] |    |

(1) Initial public offering price per share is assumed to be US$[●] (being the mid-point of the offer price range).

| 128 |

(2) The underwriting discounts and commissions are 7.0% of the gross proceeds of the initial public offering price. This table does not include a non-accountable expense allowance equal to 1.0% of the gross proceeds of this offering payable to the Representative.

(3) Excludes fees and expenses payable to the underwriter.

(4) Includes US$[●] gross proceeds from the sale of [●] Ordinary Shares offered by us and US$[●] gross proceeds from the sale of [●] in aggregate Ordinary Shares offered by the Selling Shareholders in each case before payment of underwriting discounts and commissions and offering expenses.

The Representative will also be entitled to receive, by deduction from the net proceeds of the offering contemplated herein, a non-accountable expense allowance equal to 1.0% of the gross proceeds from the sale of the Ordinary Shares in this offering, which will be borne by us and the Selling Shareholders in proportion to the number of Ordinary Shares sold in the offering by us and the Selling Shareholders, respectively.

We have agreed to reimburse the Representative up to a maximum of US$250,000 for certain out-of-pocket accountable expenses (including the legal fees and other disbursements, as disclosed below), and up to an additional US$14,900 for out-of-pocket clearing agent settlement and closing costs. We agreed to pay an advance of US$[●] towards the Representative’s accountable expenses (US$[●] paid upon execution of the