Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 54

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 54
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 non-accountable expense allowance and estimated offering expenses payable by us, (ii) the declaration by Herlin of a S$1.1 million interim tax exempt (one-tier) dividend on November 18, 2024 and (iii) the receipt of the proceeds from issuance of ordinary shares in a subsidiary (BNL) under common control.

Without taking into account any other changes in such net tangible book value after October 31, 2024, other than to give effect to (i) the declaration by Herlin of a S$1.1 million interim tax exempt (one-tier) dividend on November 2024, (ii) the receipt of the proceeds from issuance of ordinary shares in a subsidiary (BNL) under common control, and (iii) our receipt of net proceeds from the issuance and sale of the Ordinary Shares offered hereby at an assumed initial public offering price of US$4.50 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, non-accountable expense allowance and estimated offering expenses payable by us, our pro forma net tangible book value as of October 31, 2024, would have been US$6,498,400, or US$0.186 per outstanding Ordinary Share. This represents an immediate increase in pro forma net tangible book value of US$0.149 per Ordinary Share to existing shareholders and an immediate decrease in pro forma net tangible book value of US$4.314 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$                |  4.50 |
| Net tangible book value per ordinary share                    
 as of October 31, 2024                                        |     | US$                | 0.037 |
| Increase in net tangible book value per                       
 Ordinary Share attributable to new investors in this offering |     | US$                | 0.149 |
| Pro forma net tangible book value per Ordinary                
 Share after giving effect to this offering                    |     | US$                | 0.186 |
| Dilution in net tangible book value per                       
 Ordinary Share to new investors in the offering               |     | US$                | 4.314 |

A US$1.00 increase (decrease) in the assumed initial public offering price