Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 87

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 4A
Chunk 87
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 expenditures from cash generated from operating activities, borrowings from our existing credit facilities, funds
raised from financing activities, and returns from investing activities. Our future capital requirements may, however, vary materially
from those now planned or anticipated. Changes in our operating plans, lower than anticipated net sales, increased expenses or other events,
including those described in “ Risk Factors,” may cause us to seek additional debt or equity financing in the future. If our
existing cash is insufficient to meet our requirements, we may seek to issue debt or equity securities or obtain additional credit facilities.
Financing may not be available on acceptable terms, on a timely basis, or at all, and our failure to raise adequate capital when needed
could negatively impact our growth plans and our financial condition and results of operations. Issuance of additional equity securities,
including convertible debt securities, would dilute our earnings per share. The incurrence of debt would divert cash for working capital
and capital expenditures to service debt obligations and could result in operating and financial covenants that restrict our operations
and our ability to pay dividends to our shareholders. If we are unable to obtain additional equity or debt financing as required, our
business operations and prospects may suffer.

Historical Cash Flows

The following table sets forth our selected consolidated
cash flow data for the years ended December 31, 2024, 2023, and 2022.

                                                                             For the Year Ended December 31,                                                       
                                                                             2024                                            2023                 2022             
  Summary Consolidated Cash Flow Data:                                       (in millions)                                                                         
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash provided by (used in) operating activities                        $                                     (0.8      $          (3.8      $          20.5  
  Net cash provided by (used in) investing activities                                                               2.4                (14.3                 (3.8  
  Net cash provided by (used in) financing activities                                                              (6.1                  1.6                  1.5  
  Foreign currency effect on cash, cash equivalents and restricted cash                                            (2.3                 (0.5                  1.0  
  Net increase (decrease) in cash and cash equivalents                                                             (6.8                (17.0                 19.2  
  Cash, cash equivalents and restricted cash at beginning of the year                                             106.5                123