Company: DKI
Filing Date: 2025-04-25
Form Type: DRS/A
Source: 0001641172-25-006135
Chunk: 91

Company: DarkIris Inc.
Filing Date: 2025-04-25
Form: DRS/A
Chunk 91
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 diluted to the extent of the difference between the initial public offer price per share and our net tangible book value per share after this offering. Dilution results from the fact that the initial public offer price per share is substantially in excess of the book value per ordinary share attributable to the existing Shareholders for our presently outstanding shares.

Net tangible book value represents the amount of our total assets, excluding goodwill and other intangible assets, less our total liabilities. Our net tangible book value as of [*] was US$[*], or US$[*] per ordinary share.

After giving effect to the issuance and sale of [*] Class A Ordinary Shares in this offering at an assumed initial public offer price of US$[*] per share (the midpoint of the estimated price range set forth on the cover of this prospectus), and after deducting underwriting discounts and estimated offering expenses payable by us, our pro forma as adjusted net tangible book value as of [*] would have been US$[*], or US$[*] per outstanding ordinary share. This represents an immediate increase in net tangible book value of US$[*] per Class A ordinary share to existing shareholders and an immediate dilution in net tangible book value of US$[*] Class A ordinary share to investors purchasing Class A Ordinary Shares in this offering. The following table illustrates such dilution:

| Assumed                                                                                               
 initial public offer price per Class A Ordinary Share                                                 
 Net                                                                                                   
 tangible book value per Class A Ordinary Share as of September 30, 2024                               |     | Post-       
 Offering(1) | [*] 
 [*] |
|:------------------------------------------------------------------------------------------------------|:----|:------------|:----|
| As                                                                                                    
 adjusted net tangible book value per Class A Ordinary Share attributable to payments by new investors |     | $           | [*] |
| Pro                                                                                                   
 forma net tangible book value per Class A Ordinary Share after giving effect to                       
 this offering                                                                                         |     | $           | [*] |
| Amount                                                                                                
 of dilution in net tangible book value per Class A Ordinary Share to investors in this offering       |     | $           | [*] |

| 48 |

If the underwriters exercise their over-allotment option in full, the pro forma as adjusted net tangible book value per Class A Ordinary Share after this offering would be US$[*], the increase in net tangible book value per Ordinary Share to existing shareholders would be US$[*], and the immediate dilution in net tangible book value per Ordinary Share to new investors in this offering would be