Company: MAGH
Filing Date: 2025-06-25
Form Type: F-1/A
Source: 0001641172-25-016431
Chunk: 172

Company: Magnitude International Ltd
Filing Date: 2025-06-25
Form: F-1/A
Chunk 172
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 had introduced to us during the term of its engagement, if such Tail Financing is consummated at any time within the 18-month period following the earlier of expiration or termination such engagement or the closing date of this offering. However, pursuant to FINRA Rule 5110(g)(5), we have the right to terminate the Representative’s engagement for “cause”, which means the Representative’s material failure to provide the underwriting services, and any such termination for cause will eliminate our obligation to pay a transaction fee associated with a Tail Financing.

Pricing of the Offering

Prior to the completion of this offering, there has been no public market for our Ordinary Shares. The initial public offering price of the shares has been negotiated between us and the underwriter. Among the factors considered in determining the initial public offering price of the shares, in addition to the prevailing market conditions, are our historical performance, estimates of our business potential and earnings prospects, an assessment of our management and the consideration of the above factors in relation to market valuation of companies in related businesses.

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Lock-up Agreements

Our directors, executive officers and our controlling
shareholder, XJL International Ltd, have agreed to a 180 day “lock-up” period after the date of this prospectus
with respect to the Ordinary Shares that they beneficially own, including the issuance of shares upon the exercise of convertible securities
and options that are currently outstanding or which may be issued. These lock-up restrictions, however, do not apply to the Ordinary
Shares sold by the Selling Shareholder in this offering. This means that, for a period of 180 days after the date of this prospectus,
persons subject to the lock-up restrictions may not offer, sell, pledge or otherwise dispose of these securities without the prior written
consent of the Representative. We have also agreed, in the underwriting agreement, to similar restrictions on the issuance and sale of
our securities for 180 days after the date of this prospectus, subject to certain customary exceptions, without the prior written
consent of the Representative.

The Representative has advised us that it has no present intention to waive or shorten the lock-up period; however, the terms of the lock-up agreements may be waived at its discretion. In determining whether to waive the terms of the lock-up agreements, the Representative may base its decision on its assessment of the relative strengths of the securities markets and companies similar to ours in general, and the trading pattern of, and demand for, our securities in general.

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