Newegg affiliate plans $1.9M stock sale
Affiliate holder Tekhill USA Inc has filed a Rule 144 notice to sell 113,900 shares of Newegg Commerce common stock.
Rhea-AI Filing Summary
Newegg Commerce, Inc. (NEGG) is the issuer of common stock that Tekhill USA Inc plans to sell under Rule 144. The notice covers the proposed sale of 113,900 shares of Newegg common stock, with an aggregate market value of $1,900,000 and 20,972,505 shares of common stock stated as outstanding as of the planned sale date of September 2, 2026.
The shares were acquired on May 19, 2021 in a merger transaction with the issuer for cash consideration. Over the prior three months, an affiliate entity, Tekhill USA LLC, reported additional open-market sales of Newegg common stock in several tranches.
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Key Terms
Rule 144 regulatory
aggregate market value financial
attorney-in-fact regulatory
Merger financial
FAQ
What does the Form 144 filing mean for Newegg Commerce Inc (NEGG)?
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