<SEC-DOCUMENT>0001213900-23-085603.txt : 20231113
<SEC-HEADER>0001213900-23-085603.hdr.sgml : 20231113
<ACCEPTANCE-DATETIME>20231113090231
ACCESSION NUMBER:		0001213900-23-085603
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20231113
FILED AS OF DATE:		20231113
DATE AS OF CHANGE:		20231113

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Newegg Commerce, Inc.
		CENTRAL INDEX KEY:			0001474627
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-RETAIL STORES, NEC [5990]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D8

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34661
		FILM NUMBER:		231395624

	BUSINESS ADDRESS:	
		STREET 1:		17560 ROWLAND STREET
		CITY:			CITY OF INDUSTRY
		STATE:			CA
		ZIP:			91748
		BUSINESS PHONE:		(8610)8860-9850

	MAIL ADDRESS:	
		STREET 1:		17560 ROWLAND STREET
		CITY:			CITY OF INDUSTRY
		STATE:			CA
		ZIP:			91748

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Lianluo Smart Ltd
		DATE OF NAME CHANGE:	20161118

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Dehaier Medical Systems Ltd
		DATE OF NAME CHANGE:	20091015
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ea187788-6k_newegg.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>WASHINGTON, DC 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>For the month of November 2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Commission File Number: 001-34661</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B><U>Newegg Commerce, Inc.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">(Translation of registrant&rsquo;s name in English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B><U>17560 Rowland Street, City of Industry, CA 91748</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Form 20-F &#9746; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form
40-F &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Nasdaq Minimum Bid Price Deficiency Letter</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 6, 2023, Newegg Commerce, Inc. (the &ldquo;Company&rdquo;)
received a letter from the Listing Qualifications Department of the Nasdaq Capital Market (&ldquo;Nasdaq&rdquo;) notifying the Company
that, for the preceding 30 consecutive business days, the closing bid price for the Company&rsquo;s common shares (the &ldquo;Common Shares&rdquo;),
was below the minimum $1.00 per share requirement for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5550(a)(2) (the &ldquo;Bid
Price Requirement&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The receipt of the letter has no immediate effect
on the Company&rsquo;s Nasdaq listing and does not affect the Company&rsquo;s reporting requirements with the Securities and Exchange
Commission. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days,
or until May 6, 2024 (the &ldquo;Compliance Date&rdquo;), to regain compliance with the Bid Price Requirement. To regain compliance, the
bid price of the Common Shares must close at or above $1.00 per share for a minimum of 10 consecutive business days. In the event the
Company does not regain compliance with the Bid Requirement by the Compliance Date, the Company may be eligible for an additional period
of 180 calendar days to regain compliance. Otherwise, the Common Shares are subject to delisting from Nasdaq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company intends to monitor the closing bid price
of the Common Shares and may, if appropriate, consider available options to regain compliance with the Bid Price Requirement.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Share Repurchase Program</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 8, 2023, the Board of Directors of the
Company approved a share repurchase program pursuant to which the Company may purchase up to $10 million of its outstanding Common Shares,
effective immediately.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Share repurchases under the program may be made in
the open market, in privately negotiated transactions or by other means, including through trading plans intended to qualify under Rule
10b5-1 of the Securities and Exchange Act of 1934 and accelerated share repurchase agreements, with the amount and timing of repurchases
to be determined at the Company&rsquo;s discretion, depending on market and business conditions, and prevailing stock prices among other
factors. Open market repurchases will be structured to occur in accordance with applicable federal securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The share repurchase program will be effective for
two years, beginning on November 9, 2023 and ending on November 8, 2025. The share repurchase program does not obligate the Company to
repurchase any particular amount of Common Shares and may be modified, suspended or terminated at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company expects to fund repurchases with a combination
of existing cash and cash equivalents and cash flows from operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 13, 2023, the Company issued a press release
discussing the receipt of the deficiency letter and announcing the share repurchase program. A copy of the press release is attached hereto
as Exhibit 99.1 to this Form 6-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INDEX TO EXHIBITS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 8%; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit<BR>
Number</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 91%; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit Title</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #CCEEFF">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><A HREF="ea187788ex99-1_newegg.htm" STYLE="-sec-extract: exhibit">Press Release dated November 13, 2023</A></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Newegg Commerce, Inc.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 62%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November 13, 2023</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Robert Chang</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Robert Chang</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea187788ex99-1_newegg.htm
<DESCRIPTION>PRESS RELEASE DATED NOVEMBER 13, 2023
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="image_001.jpg" ALT="A logo with blue and orange letters&#10;&#10;Description automatically generated" STYLE="height: 61px; width: 124px"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Newegg Receives Nasdaq Notification Regarding Minimum
Bid Requirements, Simultaneously Announces Inaugural $10 Million Share Repurchase Program </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>CITY OF INDUSTRY, Calif., November 13, 2023 &ndash;
</B>On November 6, 2023, Newegg Commerce, Inc. (NASDAQ: NEGG) (the &ldquo;Company&rdquo; or &ldquo;Newegg&rdquo;) received a letter from
the Listing Qualifications Department of The Nasdaq Capital Market (&ldquo;Nasdaq&rdquo;) notifying the Company that it is currently not
in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), because the closing bid price of
the Company&rsquo;s common shares was below the minimum of $1.00 per share for a period of 30 consecutive business days. This press release
is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification
has no immediate effect on the listing of the Company&rsquo;s common shares, which will continue to trade uninterrupted on Nasdaq under
the ticker &ldquo;NEGG.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the
Company has a compliance period of 180 calendar days, or until May 6, 2024 (the &ldquo;Compliance Period&rdquo;), to regain compliance
with Nasdaq&rsquo;s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the
Company&rsquo;s common shares is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will provide the Company a written
confirmation of compliance and the matter will be closed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the event the Company does not regain compliance
with the minimum bid price requirement by May 6, 2024, the Company may be eligible for an additional 180-calendar-day grace period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company today also announced that its board of
directors approved a new share repurchase program to purchase up to $10.0 million of its outstanding common shares, effective immediately.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Repurchases under the program may be made in the open
market, in privately negotiated transactions or by other means, including through trading plans intended to qualify under Rule 10b5-1
of the Securities and Exchange Act of 1934 and accelerated share repurchase agreements, with the amount and timing of repurchases to be
determined at Newegg&rsquo;s discretion, depending on market and business conditions, and prevailing stock prices among other factors.
Open market repurchases will be structured to occur in accordance with applicable federal securities laws. The share repurchase program
will be effective for two years, beginning on November 9, 2023 and ending on November 8, 2025. This program does not obligate Newegg to
repurchase any particular amount of common shares, and may be modified, suspended or terminated at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Newegg expects to fund repurchases with a combination
of existing cash and cash equivalents and cash flows from operations. As of June 30, 2023, Newegg had cash and cash equivalents of $51.8
million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>About Newegg </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: #FEFEFE">Newegg Commerce,
Inc., founded in 2001 and based in the City of Industry, California, is a leading global online retailer for PC hardware, consumer electronics,
gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses&rsquo; e-commerce needs with marketing,
supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Follow Newegg on X (formerly Twitter), TikTok, Instagram, Facebook, YouTube,
Twitch and Discord.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Cautionary Statement Concerning Forward-Looking Statements</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">This news release
includes &ldquo;forward-looking statements&rdquo; within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinion, belief or forecasts
of future events and performance. A statement identified by the use of forward-looking words including &ldquo;will,&rdquo; &ldquo;may,&rdquo;
&ldquo;expects,&rdquo; &ldquo;projects,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;plans,&rdquo; &ldquo;believes,&rdquo; &ldquo;estimate,&rdquo;
&ldquo;should,&rdquo; and certain other statements about the future may be deemed forward-looking statements, including those regarding
compliance with the minimum bid price requirement, the Company&rsquo;s continued listing on Nasdaq, its eligibility for an additional
grace period or the Company&rsquo;s share repurchase activity and sources of funding. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable at the time given, these statements involve risks and uncertainties that may
cause actual future outcomes or results to be materially different from those suggested or described in this news release. These risks
and </FONT>uncertainties include those arising from the potential delisting of the Company&rsquo;s common shares from Nasdaq, changes
in global economic and geopolitical conditions, fluctuations in customer demand and spending, inflation, interest rates, global supply
chain constraints and the other factors set forth under &ldquo;Risk Factors&rdquo; in our Annual Report on Form 20-F for the fiscal year
ended December 31, 2022. <FONT STYLE="background-color: white">Investors are cautioned that any forward-looking statements are not guarantees
of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in
this press release are made as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements,
except as required by law. The Company&rsquo;s SEC filings are available at&nbsp;http://www.sec.gov.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Contact</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Newegg Commerce, Inc.:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Investor Relations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">ir@newegg.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt"></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  ] 'P# 2(  A$! Q$!_\0
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MI@:OII\K%_:GS<&/]ZOS@],<\U8:X@W$>?&".HW#BOGCPUH5G<?&:'3K)/\
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K,A_VNE;'.06UO)<ON;*QCOZUJJH10JC ' %*  ,#BEH **** "BBB@#_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
