Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 65

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 65
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 to the extent of the difference between the IPO offering price per share and our net tangible book value per share after the IPO.
Dilution results from the fact that the IPO offering price per share is substantially in excess of the book value per share of Common
Stock attributable to the existing stockholders 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 September 30December 31, 2024 was US$(5,929,137981,709), or US$(0.4243) per share
of Common Stock.

After giving effect to the issuance and sale of 1,066,668
shares of common stock as if such conversion of convertible note take place this offering at an assumed price of $1.50 per share, the
issuance and sale of 2,7003,000,000 Shares in the IPO at an assumed initial public offering price of US$4.5 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 September 30December 31, 2024 would have been US$6,670,3657,738,293 or approximately $0.3843 per outstanding
share of Common Stock to existing stockholders and an immediate dilution in tangible book value of $4.1207 per
share, to purchasers of common stock in this offering. The following table illustrates such dilution:

| Public Offering Price                                                                                                                                                                                                                                      |     | $ |                 4.50 |   |
| Historical net tangible book value (deficit) as of September 30December 31, 2024                                                                                                                                                                           |     |   |    (5,929,137981,709 | ) |
| Increase in pro forma net tangible book value attributable to pro forma adjustments described above on the sale of 2,7003,000,000 shares of common stock in IPO of US$4.5 per share after deducting underwriting discounts and estimated offering expenses |     | $ | 10,999,50012,120,000 |   |
| Pro forma net tangible book value as of September 30December 31, 2024                                                                                                                                                                                      |     | $ |   5,070,3636,138,291 |