Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 206

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 18
Chunk 206
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. As a result of the Share Combination, the number of issued and outstanding
common shares immediately prior to Share Combination was reduced such that everytwentyshares of common shares held by a shareholder
immediately prior to the Share Combination were combined and reclassified into one common share, par value $0.43696per share. Fractional
shares resulting from the Share Combination were settled by cash payment.

Options, and other like awards, to purchase the
Company’s common shares were also proportionately adjusted in accordance with their terms to reflect the Share Combination.

All common share amounts and per share numbers
discussed herein have been retroactively adjusted for the Share Combination.

On April 22, 2025, the Company received a notification
letter (the “ Notification Letter”) from the Listing Qualifications Department of The Nasdaq Capital Market notifying the Company
that it had regained compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) (the “ Nasdaq
Minimum Bid Price Requirement”). The Notification Letter confirmed that the Company evidenced a closing bid price at or greater
than the $1.00per ordinary share minimum requirement for the last10consecutive business days from April 7, 2025 to April 21, 2025 and
that the Company has regained compliance with the Nasdaq Minimum Bid Price Requirement. As a result, the listing matter has been closed.

F-30

Item 19. Exhibits