Company: EGG
Filing Date: 2025-03-28
Form Type: F-1
Source: 0001641172-25-001072
Chunk: 46

Company: ENIGMATIG LTD
Filing Date: 2025-03-28
Form: F-1
Chunk 46
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 for our Class A ordinary shares will develop. If an active public market for our Class A ordinary shares does not develop following the completion of this offering, the market price of our Class A ordinary shares may decline and the liquidity of our Class A ordinary shares may decrease significantly.

The initial public offering price for our Class A ordinary shares will be determined by negotiation between us and the underwriters based on several factors, and we cannot assure you that the price at which the Class A ordinary shares are traded after this offering will not decline below the initial public offering price. As a result, investors in our Class A ordinary shares may experience a significant decrease in the value of their Class A ordinary shares due to insufficient or a lack of market liquidity of our Class A ordinary shares.

The trading price of our Class A ordinary shares may be volatile, which could result in substantial losses to you.

The trading prices of our Class A ordinary shares are likely to be volatile and could fluctuate widely due to factors beyond our control. This may happen due to broad market and industry factors, such as performance and fluctuation in the market prices or underperformance or deteriorating financial results of other listed companies based in jurisdictions where we have operations. The securities of some of these companies have experienced significant volatility since their initial public offerings, including, in some cases, substantial price declines in the trading prices of their securities. The trading performances of these other companies’ securities after their offerings may affect the attitudes of investors towards companies based in the same jurisdictions, which consequently may affect the trading performance of our Class A ordinary shares, regardless of our actual operating performance. In addition, any negative news or perceptions about inadequate corporate governance practices or fraudulent accounting, corporate structure or matters of other companies in jurisdictions where we have operations may also negatively affect the attitudes of investors towards companies in these jurisdictions in general, including us, regardless of whether we have conducted any inappropriate activities. Furthermore, securities markets may from time to time experience significant price and volume fluctuations that are not related to our operating performance, which may have a material and adverse effect on the trading price of our Class A ordinary shares.

In addition to the above factors, the price and trading volume of our Class A ordinary shares may be highly volatile due to multiple factors, including the following:

| ● | regulatory                                                                                                                            
 developments affecting us or our industry;                                                                                            |
| ● | variations                                                                                                                            
 in our corporate services income, profit, and cash flow;                                                                              |
| ● | changes                                                                                                                               
 in the economic performance or market valuations of other licensing solutions and