Company: MAGH
Filing Date: 2025-05-28
Form Type: F-1
Source: 0001641172-25-012644
Chunk: 10

Company: Magnitude International Ltd
Filing Date: 2025-05-28
Form: F-1
Chunk 10
---
 which we have total annual gross revenue of at least US$1.235 billion; (ii) the last day of our fiscal year following the fifth anniversary of the completion of this offering; (iii) the date on which we have, during the preceding three-year period, issued more than US$1.0 billion in non-convertible debt; or (iv) the date on which we are deemed to be a “large accelerated filer” under the Securities Exchange Act of 1934, as amended, or the Exchange Act, which would occur if the market value of the Ordinary Shares that are held by non-affiliates exceeds US$700 million as of the last business day of our most recently completed second fiscal quarter. Once we cease to be an emerging growth company, we will not be entitled to the exemptions provided in the JOBS Act discussed above.

Implications of Being a Foreign Private Issuer

Upon completion of this offering, we will report under the Exchange Act as a non-U.S. company with foreign private issuer status. Even after we no longer qualify as an emerging growth company, as long as we qualify as a foreign private issuer under the Exchange Act, we will be exempt from certain provisions of the Exchange Act that are applicable to U.S. domestic public companies, including:

| ● | the                                                                                             
 sections of the Exchange Act regulating the solicitation of proxies, consents or authorizations 
 in respect of a security registered under the Exchange Act;                                     |

| ● | the                                                                                       
 provisions of Regulation FD aimed at preventing issuers from making selective disclosures 
 of material information;                                                                  |

| ● | the                                                                                             
 sections of the Exchange Act requiring insiders to file public reports of their stock ownership 
 and trading activities and liability for insiders who profit from trades made in a short        
 period of time; and                                                                             |

| ● | the                                                                                              
 rules under the Exchange Act requiring the filing with the Securities and Exchange Commission,   
 or the SEC, of quarterly reports on Form 10-Q containing unaudited financial and other specified 
 information, or current reports on Form 8-K, upon the occurrence of specified significant        
 events.                                                                                          |

| 6 |

In addition, we are not required to provide as many Exchange Act reports, or as frequently, as a domestic public company.

Both foreign private issuers and emerging growth companies are also exempt from certain more stringent executive compensation disclosure rules. Thus, even if we no longer qualify as an emerging growth company but remain a foreign private issuer, we will continue to be exempt