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Benzinga
Benzinga
Business
Dylan Berman

Newegg Commerce Stock Is Moving Lower Tuesday: What's Going On?

Newegg NEGG
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Newegg Commerce, Inc. (NASDAQ:NEGG) shares are trading lower Tuesday after the company six month financial results for 2025 and announced a sales agreement to sell up to $65 million in common stock.

What To Know: Newegg entered into a sales agreement with Needham & Company to sell up to $65 million of its common shares through an at-the-market offering. The company will pay the sales agent a 3% commission on gross proceeds from any sales made under the agreement.

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