Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 542

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 4
Chunk 542
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 We intend to use the net proceeds from the Offering to retire or reduce debt, make additional investments in our financial services
operations, and for other general working capital and corporate purposes.

At-the-Market
Securities Offering

On
March 7, 2025, we entered into an Equity Distribution Agreement (“EDA”) with Maxim pursuant to which we may sell from time-to-time
shares of our common stock having an aggregate offering price of up to $4.65 million through or to Maxim, as sales agent or principal.
We have agreed to pay Maxim a commission equal to three percent (3%) of the aggregate gross proceeds from the sale of any shares through
Maxim under the EDA, reimburse Maxim for certain legal fees and disbursements, and have agreed to indemnify Maxim against certain liabilities
under the Securities Act. The EDA requires that, until May 28, 2025, the date of the expiration of the standstill period in our Underwriting
Agreement with Maxim for the Offering described above, sales of our shares of common stock be made at a minimum price per share of $1.50
unless, at any time, Maxim and the Company mutually agree upon a lower minimum price per share. During the fiscal year ended June 30, 2025,
we did not sell any shares pursuant to the EDA. The offer and sale, if any, of our shares of common stock under the EDA will be made
pursuant to our shelf registration statement on Form S-3 which was filed with the SEC on December 18, 2024, and became effective on December
27, 2024, the base prospectus included therein, and a prospectus supplement that was filed by the Company with the SEC on March 7, 2025.

The
Company believes that its cash and cash equivalents along with the cash generated from ongoing operations will be sufficient to fund
its cash requirements over the next 12 months. However, based on our current operating plan which we expect may include continued additional
investments in our mobile Fintech app for the U.K. market, we may need to raise additional funds through one or more debt, equity or
equity linked financings to meet our operating and cash needs. There can be no assurance we will be able to raise such additional financing
upon terms acceptable to us or at all. In the event we are unable to obtain additional financing in an amount or upon terms acceptable
to us, we expect to further reduce