Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 98

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 98
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 app. Although expenses have been curtailed significantly by the closure of the U.S. Fintech app, there may be a need
for continuing expenses in the U.K. beyond our ability to fund from consolidated operating income.

The financial technology industry is
occupied by certain well-financed competitors with capital resources to fund marketing campaigns and the continued development and enhancement
of such services. We received $1.8 million in net proceeds from our recent equity financing which closed on January 28, 2025,
and intended to use such net proceeds to retire or repay outstanding indebtedness, make further capital contributions to our Marygold
& Co. subsidiaries in the U.K., and for general working capital and corporate purposes. In 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 in the U.K., 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,
and our ability to predict revenue generation from our other contributing 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