Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 125

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part II, Item 1
Chunk 125
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 which closed on January 28, 2024, and intend to use such net proceeds to retire or repay outstanding indebtedness, make
further capital contributions to our Marygold & Co. subsidiaries in the U.S. and U.K., and for general working capital and
corporate purposes. In addition to the net proceeds we received from our recent equity financing and in view of our commitment to
pay down indebtedness, we may need to raise additional equity or debt financing to continue supporting the continued development and
marketing of our financial technology business, our ongoing operations, and in order to make any future acquisitions. If a decision
is made to continue to make capital investments in our financial technology division there can be no assurance our Fintech business
will be successful or generate sufficient or any significant revenues, although our ability to predict revenue generation from our
subsidiaries may not be accurate from time to time. Continued investment in our Fintech app could have a material adverse effect on
our operations, our financial condition, and results of operations, and the market for our shares, including if our revenues from
operations, financial condition, and market for our shares are negatively impacted by events outside of our control. Further,
negative economic events could hinder the ability of our businesses to effectively compete in the various industries in which we
operate which may create a need to raise additional financing in the future. There can be no assurance we will be able to raise such
additional financing or upon terms that are acceptable to us. Any failure to raise additional financing as and when needed could
have a negative impact on our financial condition and on our ability to further support our current and future business plans and
strategies and on our ability to continue further development of our Fintech app and may require us to suspend, temporarily or
otherwise, its future development.

Also,
if we issue additional shares in a financing, any such issuance could be dilutive to our existing shareholders. See “Liquidity
and Capital Resources – Recent Note Financing” and “- Recent Equity Financing.”

We
may decide to promote our Fintech app to third party financial institutions or other payment providers as a license, fee-based service,
or otherwise, in the event, in addition to the net proceeds we received from our recent equity financing, financing is not available
on terms acceptable to us or at all, and in sufficient amounts to continue to fund our Fintech app development.

In
the event we are unable to raise additional financing to further develop our F