Company: NEGG
Filing Date: 2025-10-14
Form Type: 6-K
Source: 0001213900-25-098392
Chunk: 4

Company: Newegg Commerce, Inc.
Filing Date: 2025-10-14
Form: 6-K
Chunk 4
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and any final adjustments that may be made prior to the time its financial results for the six and twelve months ended December 31,
2025 are finalized and filed with the SEC. The preliminary financial data included herein has been prepared by, and is the
responsibility of, Newegg management. Newegg’s independent registered public accounting firm has not audited, reviewed,
compiled, or applied agreed-upon procedures with respect to the preliminary financial data and, accordingly, does not express an
opinion or any other form of assurance with respect thereto. These estimates should not be viewed as a substitute for financial
statements prepared in accordance with accounting principles generally accepted in the United States. They do not reflect any
updates following September 30, 2025 or consider any events or circumstances after September 30, 2025, and may not be indicative of
the actual results that will be achieved in any future period. Accordingly, undue reliance should not be placed on these preliminary
estimates. Newegg assumes no duty to update these preliminary estimates except as required by law.

Closing of new credit agreement and credit agreement amendment

We entered into a credit agreement on October 10, 2025, with East
West Bank that provides a revolving credit facility of up to $13.41 million with a maturity date of August 27, 2026. The Maximum Revolving
Advance Amount, as defined in the credit agreement, could be increased up to $15.0 million. The revolving credit facility includes a letter
of credit sublimit equal to the Maximum Revolving Advance Amount, as defined in the credit agreement, which can be used to issue standby
and trade letters of credit. In general, advances from this line of credit will be subject to interest at Term SOFR plus the Applicable
Margin, as defined in the credit agreement, or the Alternate Base Rate (defined as the highest of the (a) the Base Rate in effect on such
day, (b) the sum of the Overnight Bank Funding Rate in effect on such day plus 0.50%, or (c) the Daily Simple SOFR plus 1.0%) plus the
Applicable Margin. For the Term SOFR Rate Loans, we may select interest periods of one or three months. Interest on Term SOFR Rate Loan
shall be payable at the end of the selected interest period. Interest on Alternate Base Rate loans is payable monthly. In the event of
the permanent or indefinite cessation of Term SOFR, the Benchmark Replacement will replace