Company: MGLD
Filing Date: 2025-03-10
Form Type: 8-K
Source: 0001493152-25-009607
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Company: Marygold Companies, Inc.
Filing Date: 2025-03-10
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry Into a Material Definitive Agreement.

On
March 7, 2025, The Marygold Companies, Inc., a Nevada corporation (“ Company”) (“ Equity Distribution Agreement”) (“ Maxim”) (“ Common
Stock”) (“ Shelf
Registration Statement”) (“ SEC”) (“ Base Prospectus”) (“ ATM Prospectus Supplement;” “ Prospectus” Minimum
Price

Under
the Equity Distribution Agreement, Maxim may sell shares of the Company’s Common Stock by any method permitted that is deemed to
be an “at the market offering” (“ Securities
Act”)

The
Company is not obligated to sell any shares under the Equity Distribution Agreement. The timing and amount of any sales of the Company’s
shares will depend on a number of factors to be determined by the Company. Each time the Company wishes to issue and sell shares under
the Equity Distribution Agreement, the Company 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.

The
Company 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 certain liabilities under the
Securities Act. The Equity Distribution Agreement also includes customary representations, warranties and covenants including that
both parties agree their entry into the Equity Distribution Agreement represents a waiver of the Company Standstill Period in Section
4(a)(xiii) of the Underwriting Agreement by and between the Agent and the Company, dated January 26, 2025, as defined therein.

The
Equity Distribution Agreement will automatically terminate upon the earlier of the sale of all of the shares under the Equity Distribution
Agreement or twelve months from the date of the Equity Distribution Agreement. In addition, the Equity Distribution may be terminated
by the Company upon ten (10) days’ prior written notice to Maxim. Maxim may terminate the Equity Distribution Agreement if, in
its sole discretion, it is not satisfied with the results of