Newegg Commerce, Inc. NEGG, a leader in e-commerce for technology products, has unveiled plans for a twenty-to-one reverse stock split. This share combination will become effective on April 7, 2025, after Newegg files the Amended and Restated Memorandum and Articles of Association with the Registry of Corporate Affairs in the British Virgin Islands. As a result, the par value of the Company’s common shares will increase from $0.021848 to $0.43696 per share. The board of directors and controlling shareholders approved this move via written consent.

Following the reverse stock split, the CUSIP number for Newegg’s common shares will change from G6483G 100 to G6483G 209. However, shares will still trade on the Nasdaq Capital Market under the ticker symbol “NEGG.” The primary purpose of this share combination is to help Newegg meet the minimum Nasdaq listing price per share requirements. Importantly, all current shareholders will see their holdings affected proportionately, but any fractional shares resulting from the split will be converted into cash.

Computershare Inc. is acting as the Company’s transfer and paying agent for this share combination. Registered holders should reach out to Computershare for inquiries, while beneficial holders should contact their bank, broker, or other nominees for assistance.

About Newegg

Newegg Commerce, Inc. NEGG was founded in 2001 and is based in Diamond Bar, California, close to Los Angeles. The company is a prominent global online retailer specializing in PC hardware, consumer electronics, gaming peripherals, home appliances, automotive, and lifestyle technology. Additionally, Newegg provides comprehensive e-commerce solutions for businesses, combining marketing, supply chain, and technical services on a single platform. To learn more, visit Newegg.com.

Newegg can also be followed on platforms like X, TikTok, Instagram, Facebook, YouTube, Twitch, Threads, and Discord.

Cautionary Statement on Forward-Looking Statements

This announcement includes “forward-looking statements” within the meanings outlined in the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements reflect current expectations, beliefs, and forecasts regarding future events and performance. Phrases like “will” and “intends” may indicate forward-looking statements. All statements not rooted in historical fact, including those related to the share combination’s timing and benefits, are included in this category. Newegg acknowledges that while it believes these expectations are reasonable at the time, actual outcomes may differ significantly due to various risks and uncertainties. Such risks include shifts in global economic conditions, consumer demand fluctuations, inflation, interest rates, and supply chain hurdles. Investors should consider these factors and are advised not to overly rely on forward-looking information. The statements made here are valid as of today, and Newegg does not undertake to update them unless legally mandated. For more information, the Company’s SEC filings can be found at http://www.sec.gov.

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Newegg Commerce, Inc.:
Investor Relations
[email protected]