Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 186

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1A
Chunk 186
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 part, on the research and
reports that securities or industry analysts publish about us or our business. There can be no assurance that analysts will cover us or
provide favorable coverage. If one or more analysts downgrade our shares or change their opinion of our share price our share price may
decline. In addition, if one or more analysts cease coverage of us or fails to regularly publish reports on us, we could lose visibility
in the financial markets, which could cause our share price or trading volume to decline.

19

Current
stock holdings may be diluted if we make future equity issuances or if outstanding options are exercised for shares of our common stock.

“Dilution”
refers to the reduction in the voting effect and proportionate ownership interest of a given number of shares of common stock as the
total number of shares increases. Our issuance of additional stock, convertible preferred stock, or convertible debt may result in dilution
to the interests of shareholders and may also result in the reduction of your stock price. The sale of a substantial number of shares
into the market, or even the perception that sales could occur, could depress the price of our common stock. Also, the exercise of options
or other rights may result in additional dilution.

The
holders of outstanding options, warrants and convertible securities or derivatives, if any, have the opportunity to profit from a rise
in the market price of our shares, if any, without assuming the risk of ownership, with a resulting dilution in the interests of other
stockholders. We may find it more difficult to raise additional equity capital if it should be needed for our business while the options,
warrants and convertible securities are outstanding.

Future
sales, or the potential for future sales, of our shares, including pursuant to our Equity Distribution Agreement with Maxim, could adversely
affect the market price of our common stock.

We
reserve the right to make future offers and sales, either public or private, of our securities including shares of common stock or preferred
stock, or securities convertible into, or exercisable for, our common stock. There can be no assurance that we will be able to successfully complete any such future offerings; however,
in the event that any such future sales of securities are effected, your pro rata ownership interest may be reduced to the extent of
any such issuances and, to the extent any such sales are effected at consideration which is less than that paid by you, you may experience
dilution. Moreover, to the extent we issue shares