Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 29

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 and at any time without notice release some or all of the shares subject to the lock-up agreements prior
to the expiration of the lock-up period. When determining whether or not to release shares from the lock-up agreements, Maxim will consider,
among other factors, the security holder’s reasons for requesting release, the number of shares for which the release is being
requested and market conditions at the time.

Pursuant
to the Underwriting Agreement, the Company agreed to indemnify Maxim against liabilities relating to the Offering arising under the
Securities Act of 1933, as amended (“Securities Act”), and the Securities Exchange Act of 1934, as amended
(“Securities Exchange Act”), as well as liabilities arising from the material breach of any of the representations and
warranties the Company made in the Underwriting Agreement, and to contribute to payments that Maxim may be required to make for
these liabilities.

The
foregoing description of the Underwriting Agreement is not complete and is qualified in its entirety by reference to the full text of
the Underwriting Agreement, a copy of which was filed as an exhibit to its Current Report on Form 8-K filed with the Securities and Exchange
Commission on January 27, 2025.

The
foregoing does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of
these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration
or qualification under the securities laws of any such state or other jurisdiction.

20

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

This
Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) should be read
in conjunction with the Company’s Annual Report on Form 10-K for the year ended June 30, 2024, and the unaudited consolidated
financial statements and the accompanying notes thereto included in this Report for the relevant period and is qualified in its
entirety by the foregoing and by more detailed financial information appearing elsewhere in this Report. See “Item 1 -
Financial Statements (Unaudited).”

Forward-Looking
Statements

In
addition to historical financial information, the following MD&A contains forward-looking statements that involve certain risks,
uncertainties and assumptions. See “Special Note Regarding Forward-Looking Statements.” Our results of operations and
the timing of selected events may differ materially from