Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
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Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
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Item 3. Key Information

A. [Reserved]

B. Capitalization and Indebtedness

Not applicable.

C. Reasons for the Offer and Use of Proceeds

Not applicable.

D. Risk Factors

An investment in the Company’s securities
involves a high degree of risk. You should carefully consider the risks and uncertainties described below together with the other information
set forth in this annual report. If any of the following risks or uncertainties actually occurs, our business, financial position and
results of operations could be materially and adversely affected. In such case, the trading price of our securities could decline and
you may lose all or part of your investment. Moreover, some of the factors, events and contingencies discussed below may have occurred
in the past, but the disclosures below are not representations as to whether or not the factors, events or contingencies have occurred
in the past, and instead reflect our beliefs and opinions as to the factors, events, or contingencies that could materially and adversely
affect us in the future. Our business, financial condition, prospects, results of operations or cash flows could also be harmed by risks
and uncertainties not currently known to us or that we currently do not believe are material. We cannot assure you that any of the events
discussed in the risk factors below will not occur. The risks described below are organized by risk type and are not listed in order of
their priority to us.

Summary of Factors That May Affect Our Future
Results

The following summarizes the principal factors
that make an investment in the Company speculative or risky. This summary should be read in conjunction with the remainder of this “ Risk
Factors” section and should not be relied upon as an exhaustive summary of the material risks facing our business. The occurrence
of any of these risks could harm our business, financial condition, and results of operations or cause our actual results to differ materially
from those contained in forward-looking statements we have made in this annual report. You should consider all of the risk factors described
in our public filings when evaluating our business, including risks relating to:

  the impact of global macroeconomic conditions on consumer spending;  

  the intense domestic and international competition we face;  

  any decline in demand for IT/CE products;  

  our reputation and business if we or Newegg Marketplace sellers sell pirated, counterfeit, illegal or “gray market” items;  
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