Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 189

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 18
Chunk 189
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 the revolving line of credit.

In July 2015, the Company entered into
a credit agreement with a financial institution that provided for a revolving credit facility of up to $5.0million (150.0million New
Taiwan Dollar) with a maturity date of no later than August 26, 2016. The Company extended the maturity date of this credit agreement
to January 4, 2026. Advances from this line of credit are subject to interest at a floating interest rate of the one-year savings
account plus0.78% not to be lower than1.62% per annum. The interest rate was equivalent to2.50% as of December 31, 2024. The line
of credit is guaranteed by one of the Company’s subsidiaries and is collateralized by a real estate asset of that subsidiary. As
of December 31, 2024 and 2023, there was $4.6million and $4.8million outstanding under this line of credit, respectively.

In June 2022, a subsidiary of the Company
entered into a credit agreement with a financial institution that provided for a revolving credit facility of up to approximately $1.2million (RMB8.0million) with a maturity date ofJune 22, 2023. Advances from this line of credit are subject to interest at a fixed
rate of one-year LPR plus0.30%. In June 2023, the Company paid off the outstanding balance under this line of credit and entered into
two new credit agreements with the same financial institution that provided for a revolving credit facility of up to approximately $1.1million (RMB8.0million) and $1.4million (RMB10.0million) with a maturity date of June 26, 2024, and May 24, 2024, respectively. Advances
from these lines of credit are subject to interest at a fixed rate of one-year LPR plus0.25% and0.15%, respectively. In May 2024, the
Company paid off the outstanding balances and entered into three credit agreements with the same financial institution that provided a
revolving credit facility of up to approximately $0.7million (RMB5.0million), $0.4million (RMB3.0million), and $1.4million (RMB10million) with a maturity date of June 24, 2025, June 24, 2025