Newegg (NEGG) Announces 1:20 Reverse Share Split

Newegg Commerce, Inc. (NASDAQ: NEGG) (the “Company”), a global leader in e-commerce for technology products, today announced that its board of directors approved a twenty-to-one share combination (commonly referred to as a reverse stock split) of its common shares. The share combination was also approved by the controlling shareholders of the Company by written consent. The Company expects the share combination to become effective on or around April 7, 2025, at which time the Company’s common shares will begin trading on a combined basis. The Company’s common shares will trade under a new CUSIP number but will continue to trade on the Nasdaq Capital Market under the symbol “NEGG.” The share combination is intended to enable the Company to continue to meet minimum Nasdaq listing price per share requirements and will affect all shareholders proportionately. The share combination will not alter any shareholder’s percentage interest in the Company, except for fractional shares created by the share combination, which will be exchanged for cash.

The Company’s transfer agent, Computershare Inc. (“Computershare”), is expected to act as the exchange and paying agent for the share combination. Registered holders are encouraged to contact Computershare and beneficial holders are encouraged to contact their bank, broker or other nominee with any questions.

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