Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 57

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 57
---
 Supplement;” Base Prospectus and ATM Prospectus Supplement, “Prospectus”).
Pursuant to the terms of the Equity Distribution Agreement, we may offer and sell shares of our common stock from time to time through
or to Maxim, as sales agent or principal, having an aggregate offering price of up to $4,650,000. The Equity Distribution Agreement also
requires until May 28, 2025, the date of the expiration of the standstill period in our underwriting agreement with Maxim for our recent
underwritten public offering (“standstill period”), sales of the 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 (“Minimum Price”).

Under
the Equity Distribution Agreement, Maxim may sell shares of our common stock by any method permitted that is deemed to be an “at
the market offering” as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended (“Securities Act”),
including sales made directly or through the NYSE American LLC or any other existing trading market in the United States for our common
stock, to or through a market maker, in privately negotiated transactions at market prices prevailing at the time of sale or at prices
related to such prevailing market prices, and/or any other method permitted by law, subject to the Minimum Price.

6

We
are not obligated to sell any shares under the Equity Distribution Agreement. The timing and amount of any sales of our shares will depend
on a number of factors to be determined by us. Each time we wish to issue and sell shares under the Equity Distribution Agreement, we
will deliver to Maxim a placement notice setting forth the number of shares to be issued and sold, the dates on which such sales may
be made, the limitation on the number of shares to be sold in any one day, and any minimum price below which sales may not be made. Unless
Maxim declines to accept the terms of such placement notice, subject to the terms and conditions of the Equity Distribution Agreement,
Maxim has agreed to use its commercially reasonable efforts consistent with its normal trading practices to sell such shares up to the
amount specified in such placement notice.

We
will pay Maxim in cash a commission equal to 3.00% of the aggregate gross proceeds from such sale of shares, reimburse certain legal
fees and disbursements, and provide Maxim with customary indemnification and contribution against