Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 101

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 101
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 LEGAL PROCEEDINGS

Refer
to “Note 14. Commitments and Contingencies – Litigation” to the consolidated financial statements included in this
Annual Report on Form 10-K.

ITEM
4. MINE SAFETY DISCLOSURES

Not
applicable.

21

PART
II

ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES

Market
for our Shares

Our
common trades on the NYSE American, LLC, stock exchange (“NYSE American”) under the symbol “MGLD.”

Holders

On
September 11, 2025, there were  360  holders of record of our shares of common stock. In addition, we have an aggregate
of 13,302 shares of Series B Preferred Stock held by two persons that entitle such holders to convert each share of Series B Preferred
Stock into 20 shares of common stock and to vote such shares on an “as if converted” basis.

Dividends

We
have never declared or paid a cash dividend on our common stock or preferred stock and do not anticipate paying cash dividends on our
common stock in the foreseeable future. Payment of future cash dividends, if any, will be at the discretion of our board of directors
and will depend on our financial condition, results of operations, contractual restrictions and covenants included under any bank or
other indebtedness that we may enter into, capital requirements, business prospects and other factors that our board of directors considers
relevant.

Our
ability to pay dividends is subject to limitations under Nevada law. Under Nevada law, dividends may be paid to the extent that a corporation’s
assets exceed its liabilities and it is able to pay its debts as they become due in the usual course of business. Under Nevada law, a
company can pay dividends only:

    ●
    from
    retained earnings, and

    ●
    no
    distribution can be made, if after giving it effect, the corporation would not be able to pay its debts as they become due in the
    usual course of business; or

    ●
    except
    as otherwise specifically allowed by the articles of incorporation, the corporation’s total assets would be less than the sum
    of its total liabilities plus the amount that would be needed, if the corporation were to be dissolved at the time of distribution,
    to satisfy the preferential rights