Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 33

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 3
Chunk 33
---
 registration statements on U. S. domestic issuer forms, which are more detailed and extensive than the forms available to
a foreign private issuer. We will also have to comply with U. S. federal proxy requirements, and our officers, directors and 10% shareholders
will become subject to the short-swing profit disclosure and recovery provisions of Section 16 of the Exchange Act. In addition, we will
lose our ability to rely upon exemptions from certain corporate governance requirements under the listing rules of Nasdaq. As a U. S.
listed public company that is not a foreign private issuer, we will incur significant additional legal, accounting and other expenses
that we will not incur as a foreign private issuer.

We
will incur significantly increased costs and devote substantial management time as a result of the listing of our Ordinary Shares on
Nasdaq.

We
will incur additional legal, accounting and other expenses as a public reporting company, particularly after we cease to qualify as an
emerging growth company under the JOBS Act. For example, we will be required to comply with the additional requirements of the rules
and regulations of the SEC and Nasdaq rules, including applicable corporate governance practices. We expect that compliance with these
requirements will increase our legal and financial compliance costs and will make some activities more time-consuming and costly. In
addition, we expect that our management and other personnel will need to divert attention from operational and other business matters
to devote substantial time to these public company requirements. We cannot predict or estimate the number of additional costs we may
incur as a result of becoming a public company or the timing of such costs.

In
addition, changing laws, regulations and standards relating to corporate governance and public disclosure are creating uncertainty for
public companies, increasing legal and financial compliance costs and making some activities more time-consuming. These laws, regulations
and standards are subject to varying interpretations, in many cases due to their lack of specificity, and, as a result, their application
in practice may evolve over time as new guidelines are provided by regulatory and governing bodies. This could result in continuing uncertainty
regarding compliance matters and higher costs necessitated by ongoing revisions to disclosure and governance practices. We intend to
invest resources to comply with evolving laws, regulations and standards, and this investment may result in increased general and administrative
expenses and a diversion of management’s time and attention from revenue-generating activities to compliance activities. If our
efforts to comply with new laws, regulations and standards differ from the activities intended by regulatory