Company: NEGG
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001213900-25-063944
Chunk: 21

Company: Newegg Commerce, Inc.
Filing Date: 2025-07-15
Form: 424B5
Chunk 21
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 sold
from the assumed public offering price of $36.22 per share shown in the table above, assuming all of our Common Shares in the aggregate
amount of approximately $65,000,000 are sold at that price, would increase (decrease) the dilution per share to investors participating
in this offering to $33.20 ($23.39) per share, after deducting commissions and estimated offering expenses payable by us. This information
is supplied for illustrative purposes only.

The above discussion and table are based on 19,478,394 shares of our common stock outstanding as of December 31, 2024 and exclude as of that date:

| ● | 1,657,852                                                                                         
 Common Shares issuable upon exercise of outstanding stock options under the Newegg 2005 Incentive 
 Award Plan at a weighted average exercise price of $14.02 per share;                              |

| ● | 64,437                                                                                   
 Common Shares issuable upon settlement of outstanding restricted stock unit awards under 
 the Newegg 2021 Equity Incentive Plan;                                                   |

| ● | 69,322                                                                                     
 Common Shares issuable upon settlement of outstanding performance-based vesting restricted 
 stock unit awards under the Newegg 2021 Equity Incentive Plan;                             |

| ● | 6,250                                                                                      
 Common Shares issuable upon exercise of a warrant owned by Hangzhou Lianluo at an exercise 
 price of $352.00 per share;                                                                |

| ● | 2,894,251                                                                            
 Common Shares remaining for issuance under the Newegg 2005 Incentive Award Plan; and |

| ● | 626,478                                                                           
 Common Shares remaining for issuance under the Newegg 2021 Equity Incentive Plan. |

<div align='center'>S-15

PLAN OF DISTRIBUTION</div>

We have entered into the Sales Agreement with the Agent relating to the sale of our Common Shares offered by this prospectus supplement. Under this prospectus supplement, in accordance with the terms of the Sales Agreement, we may sell our Common Shares for an aggregate offering price of up to $65,000,000 from time to time through the Agent, acting as sales agent, subject to certain limitations, including the number or dollar amount of shares registered under the registration statement to which the offering relates. The sales, if any, of Common Shares made under the Sales Agreement will be made by any method that is deemed an “at the market offering” as defined in Rule