Company: MAGH
Filing Date: 2025-03-20
Form Type: DRS/A
Source: 0001641172-25-000048
Chunk: 54

Company: Magnitude International Ltd
Filing Date: 2025-03-20
Form: DRS/A
Chunk 54
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 experience dilution to the extent of the difference between the initial public offering price per Ordinary Share you pay in this offering and the pro forma net tangible book value per Ordinary Share immediately after this offering. Dilution results from the fact that the assumed initial public offering price per ordinary share is substantially in excess of the net tangible book value per ordinary share attributable to the existing shareholders for our presently outstanding ordinary shares.

Our net tangible book value as of October 31, 2024 was approximately US$1.4 million, or US$1.40 per Ordinary Share outstanding at that date. Our pro forma net tangible book value as of October 31, 2024 was approximately US$6.1 million, or US$2.44 per ordinary share outstanding at that date. Net tangible book value per ordinary share is determined by dividing our net tangible book value by the number of outstanding ordinary shares. Our net tangible book value is determined by subtracting total liabilities from our total assets. Dilution is determined by subtracting net tangible book value per Ordinary Share, after giving effect to the additional proceeds we will receive from this offering, from the initial public offering price of US$4.00 per Ordinary Share, which is the mid-point of the estimated public offering price range shown on the front cover of this prospectus and, after deducting underwriting discounts and commissions and estimated offering expenses payable by us.

Without taking into account any other changes in such net tangible book value after October 31, 2024, other than to give effect to the issuance and sale of the Ordinary Shares offered hereby, our pro forma net tangible book value as of October 31, 2024, would have been US$[●], or US$[●] per outstanding Ordinary Share. This represents an immediate increase in pro forma net tangible book value of US$[●] per Ordinary Share to existing shareholders and an immediate decrease in pro forma net tangible book value of US$[●] per Ordinary Share, to new investors in this offering. The following table illustrates such per Ordinary Share dilution:

|                                                               |     | Per Ordinary Share |      |
| Assumed initial public offering                               
 price per Ordinary Share                                      |     | US$                |  [●] |
| Net tangible book value per Ordinary Share                    
 as of October 31, 2024                                        |     | US$                | 2.44 |
| Increase in net tangible book value per                       
 Ordinary Share attributable to new investors in this offering |     | US$                |  [