Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 172

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 172
---
 from the sale of 1,650,000 Ordinary Shares offered by us and US$2,475,000 gross proceeds from the sale of 550,000 in aggregate Ordinary Shares offered by the Selling Shareholder in each case before payment of underwriting discounts and commissions and offering expenses.

The Representative will also be entitled to receive, by deduction from the net proceeds of the offering contemplated herein, a non-accountable expense allowance equal to 1.0% of the gross proceeds from the sale of the Ordinary Shares in this offering, which will be borne by us and the Selling Shareholder in proportion to the number of Ordinary Shares sold in the offering by us and the Selling Shareholder, respectively.

We have agreed to reimburse the Representative up to a maximum of US$250,000 for certain out-of-pocket accountable expenses (including the legal fees and other disbursements, as disclosed below), and up to an additional US$14,900 for out-of-pocket clearing agent settlement and closing costs. We agreed to pay an advance of US$35,000 towards the Representative’s accountable expenses (US$35,000 paid upon execution of the engagement letter in connection with this offering, and an additional US$30,000 to be paid upon the Representative’s engagement of legal counsel, or the Advance. Any portion of the Advance will be returned to us to the extent the Representative’s out-of-pocket accountable expenses are not actually incurred in accordance with FINRA Rule 5110(g)(4) and 5110(g)(5).

We have agreed to pay expenses relating to the offering, including but not limited to (i) all expenses incident to the authorization, issuance, sale, preparation and delivery of the Ordinary Shares to be sold in this offering, (ii) all fees and expenses of the Company’s legal counsel, independent public or certified public accountants and other advisors, (iii) all fees related to the registration of the Ordinary Shares to be sold in this offering with the SEC and the listing of the Ordinary Shares on the Nasdaq Capital Market, (iv) all costs and expenses incurred in connection with the shipping and distribution of underwriting documents, registration statements, prospectuses and all amendments, supplements and exhibits thereto as may, in each case, be reasonably requested by the Representative for use in connection with the offering and/or sale of the Ordinary Share to be sold in this offering, (v) all fees and expenses incurred in connection with qualifying or registering such Ordinary Shares for offer and sale under the “blue sky” securities laws of such states