Company: MGLD
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001493152-25-005002
Chunk: 125

Company: Marygold Companies, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 3
Chunk 125
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 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 Fintech app business discussed above, management may, as
an alternative, seek to enter arrangements to license or otherwise offer our Fintech app to third parties, including financial institutions
and other payment providers in the U.S. and abroad. Although management believes there are several financial institutions and other payment
providers in the