Company: NEGG
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001213900-25-063944
Chunk: 13

Company: Newegg Commerce, Inc.
Filing Date: 2025-07-15
Form: 424B5
Chunk 13
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 of all potential tax effects. The effects of other U.S. federal tax laws, such as estate and gift tax laws,
and any applicable state or local tax laws are not discussed. This discussion is based on the Internal Revenue Code of 1986, as amended
(the “Code”), and U.S. Treasury Regulations promulgated thereunder, judicial decisions, and published rulings and administrative
pronouncements of the U.S. Internal Revenue Service (the “IRS”), in each case in effect as of the date hereof. These authorities
may change or be subject to differing interpretations. Any such change or differing interpretation may be applied retroactively in a manner
that could adversely affect owners of our Common Shares. We have not sought and will not seek any rulings from the IRS regarding the matters
discussed below. There can be no assurance the IRS or a court will not take a contrary position to that discussed below regarding the
U.S. federal income tax considerations related to the ownership and disposition of our Common Shares.

This discussion is limited to beneficial owners
that hold our Common Shares as a “capital asset” within the meaning of Section 1221(a) of the Code (generally, property held
for investment). This discussion does not address all U.S. federal income tax considerations, including the impact of the Medicare contribution
tax on net investment income. In addition, it does not address consequences relevant to certain types of investors subject to special
rules, including, without limitation:

| ● | financial institutions or financial services entities; |

| ● | broker-dealers; |

| ● | governments or agencies or instrumentalities thereof; |

| ● | regulated investment companies; |

| ● | real estate investment trusts; |

| ● | expatriates or former long-term residents of the United States; |

| ● | persons that actually or constructively own five percent or 
 more (by vote or value) of our shares;                      |

| ● | insurance companies; |

| ● | dealers or traders subject to a mark-to-market method of accounting 
 with respect to the securities;                                     |

| ● | persons holding the securities as part of a “straddle,”                          
 constructive sale, hedge, conversion or other integrated or similar transaction; |

| ● | persons that purchase or sell our securities as part of a 
 wash sale for U.S. federal income tax purposes;           |

| ● | U.S. holders (as defined below) whose functional currency 
 is not the U.S. dollar;                                   |

| ● | partnerships (