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Newegg Enters Sales Agreement To Sell Up To $65M In Common Stock At $0.43696 Per Share

Benzinga·07/15/2025 12:01:10
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On July 15, 2025, Newegg Commerce, Inc. (the "Company" or "Newegg") entered into a Sales Agreement (the "Sales Agreement") with Needham & Company, LLC (the "Sales Agent"), pursuant to which the Company may offer and sell from time to time up to $65,000,000 of the Company's common shares, par value $0.43696 (the "Shares"), through the Sales Agent. The offering and sale of the Shares has been registered under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to the Company's Registration Statement on Form F-3 (File No. 333-265985) (as amended, the "Registration Statement") filed with the Securities and Exchange Commission ("SEC"), most recently amended on October 4, 2022 and declared effective by the SEC on October 5, 2022, the base prospectus contained within the Registration Statement, and a prospectus supplement that was filed with the SEC on July 15, 2025.