Company: NEGG
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001213900-25-063944
Chunk: 12

Company: Newegg Commerce, Inc.
Filing Date: 2025-07-15
Form: 424B5
Chunk 12
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 likely pay different prices.

Investors who purchase shares in this offering at different times will likely pay different prices, and accordingly may experience different levels of dilution and different outcomes in their investment results. We will have discretion, subject to market demand, to vary the timing, pricing and number of Common Shares sold, and there is no maximum sales price. Pursuant to the parameters set by our board of directors, there will be a minimum sales price for Common Shares sold in this offering, which will limit our ability to make sales if the public trading price of our Common Shares drops below that minimum sales price. Such minimum sales price may be below the price paid by investors in this offering. Further, our board of directors will retain the ability to increase or decrease such minimum sales price in the future. Investors may experience a decline in the value of the shares they purchase in this offering as a result of sales made at prices lower than the prices they paid.

<div align='center'>S-8

USE OF PROCEEDS</div>

We may issue and sell up to $65,000,000 of our Common Shares from time to time. Because we are not required to sell any Common Shares under the Sales Agreement, the actual total public offering amount, commissions and proceeds to us, if any, are not determinable at this time. There can be no assurance that we will sell any Common Shares under or fully utilize the Sales Agreement as a source of financing.

We currently plan to use the net proceeds from this offering for general corporate purposes and working capital. The timing and amount of our actual expenditures will be based on many factors, including cash flows from operations and the anticipated growth of our business. As a result, our management will have broad discretion to allocate the net proceeds of the offering.

<div align='center'>S-9

U.S. FEDERAL INCOME TAX CONSIDERATIONS</div>

We believe that we are an inverted corporation
for U.S. federal tax purposes. This means that, notwithstanding that we are a company incorporated in the British Virgin Islands, we believe
that we will be treated for all U.S. federal tax purposes as if we are a U.S. corporation and that a holder of our Common Shares will
be treated for all U.S. federal tax purposes as holding the stock of a U.S. corporation.

The following discussion is a summary of certain
U.S. federal income tax considerations generally applicable to the ownership and disposition of our Common Shares but does not purport
to be a complete analysis