# EDGAR Filing Document

**Accession Number:** 0001743759
**File Stem:** 0001193125-25-179976
**Filing Date:** 2025-8
**Character Count:** 43510
**Document Hash:** dc8ada2ab564e2b9f7cc02be6e029b75
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-179976.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001193125-25-179976

**CONFORMED SUBMISSION TYPE**: S-3/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Corsair Gaming, Inc.
- **CENTRAL INDEX KEY:** 0001743759
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMPUTER PERIPHERAL EQUIPMENT, NEC [3577]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 822335306
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-3/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-289391
- **FILM NUMBER:** 251212947

**BUSINESS ADDRESS:**
- **STREET 1:** 115 N. MCCARTHY BOULEVARD
- **CITY:** MILPITAS
- **STATE:** CA
- **ZIP:** 95035
- **BUSINESS PHONE:** 5106578747

**MAIL ADDRESS:**
- **STREET 1:** 115 N. MCCARTHY BOULEVARD
- **CITY:** MILPITAS
- **STATE:** CA
- **ZIP:** 95035

**As filed with the Securities and Exchange Commission on August 13, 2025** 

**Registration No. 333-289391** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**Amendment No. 1** 

**to** 

**Form S-3** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

## Corsair Gaming, Inc.
**(Exact name of registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Delaware** | **82-2335306** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(I.R.S. Employer**<br> **Identification Number)** |

---

**115 N. McCarthy Boulevard** 

**Milpitas, California 95035** 

**(510) 657-8747** 

**(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)** 

**Michael G. Potter** 

**Chief Financial Officer** 

**115 N. McCarthy Boulevard** 

**Milpitas, California 95035** 

**(510) 657-8747** 

(Address, including zip code, and telephone number, including area code, of agent for service)

*Copies to:* 

**Phillip S. Stoup, Esq.** 

**Shira Oyserman, Esq.** 

**Freshfields US LLP** 

**One Bush Street, 17<sup>th</sup> Floor** 

**San Francisco, CA 94104** 

**Telephone: (415) 400-2199** 

**APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: From time to time after the effective date of this registration statement.** 

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ☐

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective on filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ☐

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☒ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for comply with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act. ☐

**The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.** 

------

**EXPLANATORY NOTE:** 

Corsair Gaming, Inc. is filing this Amendment No. 1 (the "Amendment"), to our Registration Statement on Form S-3 (File No. 333-289391), as an exhibits-only filing to refile Exhibit 5.1. Accordingly, this Amendment consists only of the facing page, this explanatory note, Part II of the Registration Statement, the signature page and the exhibit index, and the filed exhibits. This Amendment does not amend any other sections of, or information included in, the Registration Statement.

------

**PART II** 

**INFORMATION NOT REQUIRED IN PROSPECTUS** 

**Item 14.** **Other Expenses of Issuance and Distribution** <br>

The following is an estimate of the expenses (all of which are to be paid by the registrant) that we may incur in connection with the securities being registered hereby.

---

| | |
|:---|:---|
|  SEC registration fee(1) | $35480.90 |
|  FINRA filing fee | $(2) |
|  Legal fees and expenses | $(2) |
|  Accounting fees and expenses | $(2) |
|  Blue Sky, qualification fees and expenses | $(2) |
|  Transfer agent fees and expenses | $(2) |
|  Trustee fees and expenses | $(2) |
|  Printing expenses | $(2) |
|  Warrant agent fees and expenses | $(2) |
|  Miscellaneous | $(2) |
|  Total | $(2) |

---

(1) The Registrant is filing this registration statement to replace its existing registration statement
(File No. 333-266289). In accordance with Rule 457(p), effectiveness of this registration statement will be deemed to terminate such registration statement. A portion of the filing fee
associated with this registration statement was carried forward from the prior registration statement. Please see the registration fee table contained in Exhibit 107 to this registration statement for more information.

(2) These fees are calculated based on the securities offered and the number of issuances and accordingly cannot be
estimated at this time.

**Item 15.** **Indemnification of Directors and Officers** <br>

Section 102(b)(7) of the DGCL allows a corporation to provide in its certificate of incorporation that a director of the corporation will not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except where the director breached the duty of loyalty, failed to act in good faith, engaged in intentional misconduct or knowingly violated a law, authorized the payment of a dividend or approved a stock repurchase in violation of Delaware corporate law or obtained an improper personal benefit. Our second amended and restated certificate of incorporation provides for this limitation of liability.

Section 145 of the DGCL, or Section 145, provides, among other things, that a Delaware corporation may indemnify any person who was, is or is threatened to be made, party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of such corporation), by reason of the fact that such person is or was an officer, director, employee or agent of such corporation or is or was serving at the request of such corporation as a director, officer, employee or agent of another corporation or enterprise. The indemnity may include expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, provided such person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the corporation's best interests and, with respect to any criminal action or proceeding, had no reasonable cause to believe that his or her conduct was illegal. A Delaware corporation may indemnify any persons who were or are a party to any threatened, pending or completed action or suit by or in the right of the corporation by reason of the fact that such person is or was a director, officer, employee or agent of another corporation or enterprise. The indemnity may include expenses (including attorneys' fees) actually and reasonably incurred by such person in connection with the defense or settlement of such action or suit, provided such person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the corporation's best interests, provided further that no indemnification is permitted without judicial approval if the officer, director, employee or agent is adjudged to be liable to the corporation. Where an officer or director is successful on the merits or otherwise in the defense of any action referred to above, the corporation must indemnify him against the expenses which such officer or director has actually and reasonably incurred.

------

Section 145 further authorizes a corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation or enterprise, against any liability asserted against him or her and incurred by him or her in any such capacity, or arising out of his or her status as such, whether or not the corporation would otherwise have the power to indemnify him or her under Section 145.

Our second amended and restated certificate of incorporation includes a provision that, to the fullest extent permitted by the DGCL, eliminates the personal liability of directors to us or our stockholders for monetary damages for any breach of fiduciary duty as a director. The effect of these provisions is to eliminate the rights of us and our stockholders, through stockholders' derivative suits on our behalf, to recover monetary damages from a director for breach of fiduciary duty as a director, including breaches resulting from grossly negligent behavior. However, exculpation will not apply to any director if the director has acted in bad faith, knowingly or intentionally violated the law, authorized illegal dividends or redemptions or derived an improper benefit from his or her actions as a director. Further, our second amended and restated certificate of incorporation and our amended and restated bylaws provide that we must indemnify and advance expenses to our directors and officers to the fullest extent authorized by the DGCL. We also are authorized to carry directors' and officers' liability insurance providing indemnification for our directors, officers and certain employees for some liabilities.

Section 174 of the DGCL provides, among other things, that a director, who willfully or negligently approves of an unlawful payment of dividends or an unlawful stock purchase or redemption, may be held jointly and severally liable for such actions. A director who was either absent when the unlawful actions were approved or dissented at the time may avoid liability by causing his or her dissent to such actions to be entered in the books containing the minutes of the meetings of the board of directors at the time such action occurred or immediately after such absent director receives notice of the unlawful acts.

The indemnification rights set forth above shall not be exclusive of any other right which an indemnified person may have or hereafter acquire under any statute, provision of our second amended and restated certificate of incorporation, our amended and restated bylaws, agreement, vote of stockholders or disinterested directors or otherwise.

We have entered into indemnification agreements with each of our directors and officers pursuant to which we have agreed to indemnify our directors and officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being such a director or officer.

We maintain standard policies of insurance that provide coverage (i) to our directors and officers against loss rising from claims made by reason of breach of duty or other wrongful act and (ii) to us with respect to indemnification payments that we may make to such directors and officers.

Any underwriting agreement or distribution agreement that we enter into with any underwriters or agents involved in the offering or sale of any securities registered hereby may require such underwriters or dealers to indemnify us, some or all of our directors and officers and our controlling persons, if any, for specified liabilities, which may include liabilities under the Securities Act of 1933, as amended.

------

**Item 16.** **Exhibits** <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Exhibit**<br>**number** | **Exhibit description** | **Incorporated by**<br> **Reference** | **Incorporated by**<br> **Reference** | | **Filed<br>Herewith** |
|  |  | **Form** | **Date** | <br>**Number** |  |
| 1.1\* | Form of Underwriting Agreement. |  |  |  |  |
| 3.1 | [Second Amended and Restated Certificate of Incorporation.](http://www.sec.gov/Archives/edgar/data/1743759/000119312520254569/d65933dex31.htm) | 8-K | September 25, 2020 | 3.1 |  |
| 3.2 | [Amended and Restated Bylaws.](http://www.sec.gov/Archives/edgar/data/1743759/000119312520254569/d65933dex32.htm) | 8-K | September 25, 2020 | 3.2 |  |
| 4.1 | Reference is made to exhibits [3.1](http://www.sec.gov/Archives/edgar/data/1743759/000119312520254569/d65933dex31.htm) through [3.2](http://www.sec.gov/Archives/edgar/data/1743759/000119312520254569/d65933dex32.htm). |  |  |  |  |
| 4.2 | [Form of Stock Certificate.](http://www.sec.gov/Archives/edgar/data/1743759/000119312520248527/d507744dex42.htm) | S-1/A | September 18, 2020 | 4.2 |  |
| 4.3 | [Investor Rights Agreement, by and between Corsair Gaming, Inc. and Corsair Group (Cayman), LP.](http://www.sec.gov/Archives/edgar/data/1743759/000156459020052867/crsr-ex42_448.htm) | 10-Q | November 10, 2020 | 4.2 |  |
| 4.4 | [Registration Rights Agreement, by and between Corsair Gaming, Inc. and Corsair Group (Cayman), LP.](http://www.sec.gov/Archives/edgar/data/1743759/000119312520244634/d507744dex44.htm) | S-1/A | September 14, 2020 | 4.4 |  |
| 4.5 | [Form of Indenture.](http://www.sec.gov/Archives/edgar/data/0001743759/000119312525175574/d29768dex45.htm) | S-3 | August 7, 2025 | 4.5 |  |
| 4.6\* | Form of Debt Security. |  |  |  |  |
| 4.7\* | Form of Warrant. |  |  |  |  |
| 4.8\* | Form of Warrant Agreement. |  |  |  |  |
| 4.9\* | Form of Purchase Contract Agreement. |  |  |  |  |
| 4.10\* | Form of Unit Agreement. |  |  |  |  |
| 5.1 | [Opinion of Freshfields US LLP.](d29768dex51.htm) |  |  |  | X |
| 23.1 | [Consent of Independent Registered Public Accounting Firm.](http://www.sec.gov/Archives/edgar/data/0001743759/000119312525175574/d29768dex231.htm) | S-3 | August 7, 2025 | 23.1 |  |
| 23.2 | [Consent of Freshfields US LLP (included in Exhibit 5.1).](d29768dex51.htm) |  |  |  | X |
| 24.1 | [Power of Attorney. Reference is made to the signature page to the Registration Statement.](http://www.sec.gov/Archives/edgar/data/1743759/000119312525175574/d29768ds3.htm#sig) | S-3 | August 7, 2025 | 24.1 |  |
| 25.1\* | [Statement of Eligibility on Form T-1 under the Trust Indenture Act of 1939, as amended, of the trustee under the indenture filed as Exhibit 4.5 above.](http://www.sec.gov/Archives/edgar/data/0001743759/000119312525175574/d29768dex45.htm) |  |  |  |  |
| 107 | [Filing Fee Table.](http://www.sec.gov/Archives/edgar/data/0001743759/000119312525175574/d29768dexfilingfees.htm) | S-3 | August 7, 2025 | 107 |  |

---

\* To be filed by amendment or incorporated by reference in connection with the offering of the securities.

------

**Item 17.** **Undertakings** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The undersigned registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

*provided*, *however*, that paragraphs (a)(1)(i), (a)(1)(ii), and (a)(1)(iii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is a part of the registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) [Reserved.]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. *Provided*, *however*, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities:

------

The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Any other communications that is an offer in the offering made by the undersigned registrant to the purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) The undersigned registrant hereby undertakes to file an application for the purpose of determining the eligibility of the trustee to act under subsection (a) of Section 310 of the Trust Indenture Act (the "Act") in accordance with the rules and regulations prescribed by the SEC under section 305(b)(2) of the Act.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this amendment on Form S-3 registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Milpitas, California, on the 13th day of August, 2025.

---

| | |
|:---|:---|
| **Corsair Gaming, Inc.** | **Corsair Gaming, Inc.** |
| By: | /s/ Thi L. La |
| Name: | Thi L. La |
| Title: | Chief Executive Officer |

---

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **SIGNATURE** | **TITLE** | **DATE** |
| \*<br> Thi L. La | Chief Executive Officer and Director<br> (Principal Executive Officer) | August 13, 2025 |
| /s/ Michael G. Potter<br> Michael G. Potter | Chief Financial Officer<br> (Principal Financial Officer and Principal Accounting Officer) | August 13, 2025 |
| \*<br> Anup Bagaria | Director | August 13, 2025 |
| \*<br> Diana Bell | Director | August 13, 2025 |
| \*<br> Jason Cahilly | Director | August 13, 2025 |
| \*<br> George L. Majoros, Jr. | Director | August 13, 2025 |
| \*<br> Sarah M. Kim | Director | August 13, 2025 |
| \*<br> Stuart A. Martin | Director | August 13, 2025 |
| \*<br> Samuel R. Szteinbaum | Director | August 13, 2025 |
| \*<br> Randall J. Weisenburger | Director | August 13, 2025 |

---

---

| | |
|:---|:---|
| By: | /s/ Michael G. Potter |
| Michael G. Potter | Michael G. Potter |
| Attorney - in-Fact | Attorney - in-Fact |

---

## Exhibit 5.1

**Exhibit 5.1** 

---

| | |
|:---|:---|
|  ![LOGO](g29768g0807060712978.jpg)  |  |
|  | **San Francisco** |
|  | One Bush Street |
|  | San Francisco, CA 94104 |
|  | **T** +1 (425) 400-2200 |
|  | **freshfields.us** |

---

Corsair Gaming, Inc.

115 N. McCarthy Boulevard

Milpitas, CA 95035

August 13, 2025

Ladies and Gentlemen:

Corsair Gaming, Inc., a Delaware corporation (the "***Company***"), is filing with the Securities and Exchange Commission (the "***Commission***") a Registration Statement on Form S-3 (as the same may be amended from time to time, the "***Registration Statement***"), including a base prospectus (the "***Base Prospectus***"), which provides that it will be supplemented by one or more prospectus supplements (each such prospectus supplement, together with the Base Prospectus, a "***Prospectus***"), pursuant to the Securities Act of 1933, as amended (the "***Securities Act***") for issuance and sale by the Company of up to an aggregate offering price of $300,000,000, or the equivalent thereof, of (i) shares of the Company's common stock, $0.0001 par value per share (the "***Common Stock***"), (ii) shares of one or more series of the Company's preferred stock, $0.0001 par value per share (the "***Preferred Stock***"), (iii) one or more series of the Company's debt securities (collectively, the "***Debt Securities***") to be issued under an indenture to be entered into between the Company, as issuer, and a third party to be identified therein, as trustee (a form of which is included as Exhibit 4.5 to the Registration Statement), and one or more board resolutions, supplements thereto or officer's certificates thereunder (such indenture, together with the applicable board resolution, supplement or officer's certificate pertaining to the applicable series of Debt Securities, the "***Applicable Indenture***"), (iv) warrants of the Company ("***Warrants***"), (v) purchase contracts ("***Purchase Contracts***") and (vi) units ("***Units***"). The Registration Statement also relates to the proposed offer and sale of up to 56,300,771 shares of Common Stock (the "***Selling Securityholder Shares***") by the selling stockholders, from time to time, as set forth in the Registration Statement. The Common Stock, Preferred Stock, Debt Securities, Warrants, Purchase Contracts, Units and Selling Securityholder Shares, plus any additional Common Stock, Preferred Stock, Debt Securities, Warrants, Purchase Contracts, Units and Selling Securityholder Shares that may be registered pursuant to any subsequent registration statement that the Company may hereafter file with the Commission pursuant to Rule 462(b) under the Securities Act in connection with the offering by the Company contemplated by the Registration Statement, are referred to herein collectively as the "***Securities***."

This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or related applicable Prospectus, other than as expressly stated herein with respect to the issue of the Securities.

We, as your counsel, have examined originals or copies of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary or advisable for the purpose of rendering this opinion.

In rendering the opinions expressed herein, we have, without independent inquiry or investigation, assumed that (i) all documents submitted to us as originals are authentic and complete, (ii) all documents submitted to us as copies conform to authentic, complete originals, (iii) all documents filed as exhibits to the Registration Statement that have not been executed or that we have examined in draft, specimen or certificated form will conform to the forms thereof, (iv) all signatures on all documents that we reviewed are genuine, (v) all natural persons executing documents had and have the legal

------

![LOGO](g29768g0807060712978.jpg)

capacity to do so, (vi) all statements in certificates of public officials and officers of the Company that we reviewed were and are accurate and (vii) all representations made by the Company as to matters of fact in the documents that we reviewed were and are accurate.

Based upon the foregoing, and subject to the additional assumptions and qualifications set forth below, we advise you that, in our opinion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. When the necessary corporate action on the part of the Company has been taken to authorize the issuance and
sale of such shares of Common Stock proposed to be sold by the Company, and when such shares of Common Stock are issued and delivered in accordance with the applicable underwriting or other agreement against payment therefor (in excess of par value
thereof) or upon conversion or exercise of any security offered under the Registration Statement (the *"*  ***Offered Security*** *"*), in accordance with the terms of such Offered Security, or the instrument governing such
Offered Security providing for such conversion or exercise, as approved by the Board of Directors of the Company, for the consideration approved by the Board of Directors of the Company (which consideration is not less than the par value of the
Common Stock), such shares of Common Stock will be validly issued, fully-paid and non-assessable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Upon designation of the relative rights, preferences and limitations of any series of Preferred Stock by the
Board of Directors of the Company in total amounts and numbers that do not exceed the respective total amounts and numbers of shares (a) available under the Company's certificate of incorporation, and (b) authorized by the Board of
Directors of the Company in connection with the offering contemplated by the applicable Prospectus, and the proper filing with the Secretary of State of the State of Delaware of a certificate of designation relating to such series of Preferred
Stock, all necessary corporate action on the part of the Company will have been taken to authorize the issuance and sale of such series of Preferred Stock proposed to be sold by the Company, and when such shares of Preferred Stock are issued and
delivered in accordance with the applicable underwriting or other agreement against payment therefor (in excess of par value thereof), such shares of Preferred Stock will be validly issued, fully paid and non-assessable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. When any officers' certificate or supplemental indenture to the Applicable Indenture to be entered into in
connection with the issuance of any Debt Securities has been duly authorized, executed and delivered by the trustee and the Company; the specific terms of a particular series of Debt Securities have been duly authorized and established in accordance
with the terms of the Applicable Indenture and authorized by all necessary corporate action of the Company; and such Debt Securities have been duly authorized, executed, authenticated, issued and delivered in accordance with the terms of the
Applicable Indenture and in the manner contemplated by the applicable underwriting or other agreement against payment therefor, such Debt Securities will constitute valid and binding obligations of the Company, enforceable in accordance with their
terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally, concepts of reasonableness and equitable principles of general applicability, provided that we express no opinion as to (w) the
enforceability of any waiver of rights under any usury or stay law, (x) the effect of fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above, (y) the validity, legally binding
effect or enforceability of any provision that requires or relates to adjustments to a conversion rate at a rate or in an amount that a court would determine in the circumstances to be commercially unreasonable or a penalty or forfeiture or
(z) the validity, legally binding effect or enforceability of any provision that permits holders to collect any portion of stated principal amount upon acceleration of the Debt Securities to the extent determined to constitute unearned
interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. When the applicable warrant agreement to be entered into in connection with the issuance of any Warrants has
been duly authorized, executed and delivered by all necessary corporate action of the Company; the specific terms of such particular issuance of the Warrants have been duly established in accordance with the terms of the applicable warrant agreement
and authorized by all necessary corporate action of the Company; and such Warrants have been duly executed, authenticated, issued and delivered in accordance with the terms of

------

![LOGO](g29768g0807060712978.jpg)

the applicable warrant agreement and in the manner contemplated by the applicable underwriting or other agreement against payment therefor (assuming the securities issuable upon exercise of such Warrants have been duly authorized and reserved for issuance by all necessary corporate action), such Warrants will constitute valid and binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally, concepts of reasonableness and equitable principles of general applicability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. When the applicable purchase contract agreement to be entered into in connection with the issuance of any
Purchase Contracts has been duly authorized, executed and delivered by all necessary corporate action of the Company; the specific terms of such particular issue of the Purchase Contracts have been duly established in accordance with the terms of
the applicable purchase contract agreement and authorized by all necessary corporate action of the Company; and such Purchase Contracts have been duly authorized, executed, issued and delivered in accordance with the terms of the applicable purchase
contract agreement and in the manner contemplated by the applicable underwriting or other agreement against payment therefor, such Purchase Contracts will constitute valid and binding obligations of the Company, enforceable in accordance with their
terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally, concepts of reasonableness and equitable principles of general applicability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. When the applicable unit agreement to be entered into in connection with the issuance of any Units has been
duly authorized, executed and delivered by all necessary corporate action of the Company; the specific terms of such particular issuance of the Units have been duly established in accordance with the terms of the applicable unit agreement and
authorized by all necessary corporate action of the Company; and such Units have been duly authorized, executed, issued and delivered in accordance with the terms of the applicable unit agreement and in the manner contemplated by the applicable
underwriting or other agreement against payment therefor (assuming the securities issuable upon exercise of such Units have been duly authorized and reserved for issuance by all necessary corporate action), such Units will constitute valid and
binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally, concepts of reasonableness and equitable principles of general
applicability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. The Selling Securityholder Shares have been duly authorized by all necessary corporate action of the Company
and are validly issued, fully paid and nonassessable.

In connection with the opinions expressed above, we have assumed that, at or prior to the time of the delivery of any such security, (i) the Board of Directors of the Company shall have duly established the terms of such security, which terms will conform to the description thereof in the Registration Statement or the applicable Prospectus and, in the case of Debt Securities, the Applicable Indenture, and shall have duly authorized the issuance and sale of such security and such authorization shall not have been modified or rescinded; (ii) the Company shall remain validly existing as a corporation in good standing under the laws of the State of Delaware; (iii) the Registration Statement shall have become effective and such effectiveness shall not have been terminated or rescinded; (iv) the Debt Securities, Warrants, Purchase Contracts and Units and the Applicable Indenture, warrant agreements, purchase contract agreements and unit agreements governing such Securities (collectively, the "***Documents***") has been or will be duly authorized, executed and delivered by the parties thereto; (v) that each of the Documents constitutes or will constitute legally valid, binding and enforceable agreements of each party thereto (other than as expressly covered above in respect of the Company); (vi) that the status of each of the Documents as legally valid and binding obligations of the parties will not be affected by any (y) breaches of, or defaults under, agreements or instruments, (x) violations of statutes, rules, regulations or court or governmental orders or (z) failures to obtain required consents, approvals or authorizations from, or to make required registrations, declarations or filings with, governmental authorities; (vii) there shall not have occurred any change in law affecting the validity or enforceability of such security; and (viii) the Documents will be governed by the laws of the State of New York.

------

![LOGO](g29768g0807060712978.jpg)

We have also assumed that (i) the terms of any security whose terms are established subsequent to the date hereof and the issuance, execution, delivery and performance by the Company of any such security (a) require no action by or in respect of, or filing with, any governmental body, agency or official and (b) do not contravene, or constitute a default under or breach of, any provision of applicable law or public policy or regulation or any judgment, injunction, order or decree or any agreement or other instrument binding upon the Company.

We note that by statute the State of New York provides that a judgment or decree rendered in a currency other than the currency of the United States ("***U.S.***") shall be converted into U.S. dollars at a rate of exchange prevailing on the date of entry of the judgment or decree. There is no corresponding U.S. federal statute and no controlling U.S. federal court decision on this issue. Accordingly, we express no opinion as to whether a U.S. federal court would award a judgment in a currency other than U.S. dollars or, if it did so, whether it would order the conversion of the judgment into U.S. dollars.

We are members of the Bars of the States of New York and California and the foregoing opinion is limited to the laws of the State of New York and the General Corporation Law of the State of Delaware.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement referred to above and further consent to the reference to our name under the heading "Legal Matters" in the Prospectus. We further consent to the incorporation by reference of this letter and consent into any registration statement or post-effective amendment to the Registration Statement filed pursuant to Rule 462(b) under the Securities Act with respect to the Securities.

In giving this consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act and the rules and regulations of the Commission thereunder.

---

| |
|:---|
|  Very truly yours, |
|  /s/ Freshfields US LLP |

---