Company: MGLD
Filing Date: 2025-01-27
Form Type: 8-K
Source: 0001493152-25-003789
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Company: Marygold Companies, Inc.
Filing Date: 2025-01-27
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry Into a Material Definitive Agreement.

On
January 26, 2025, The Marygold Companies, Inc., a Nevada corporation (“ Company”), entered into an underwriting
agreement (“ Underwriting Agreement”) with Maxim Group LLC, as sole underwriter and book-running manager, pursuant
to which the Company agreed to issue and sell an aggregate of 2,050,000 shares (“ Firm Shares”) of its common stock,
par value $0.001 per share (“ Common Stock”), at a price to the public of $1.10 per share (“ Offering”).
Pursuant to the Underwriting Agreement, the Company granted the underwriter a 45-day option to purchase up to an additional 307,500
shares of its Common Stock (“ Option Shares,” and together with the Firm Shares, “ Shares”) at the public offering
price, less underwriting discounts and commissions.

The
Underwriting Agreement contains customary representations and warranties, conditions to closing, market standoff provisions, termination
provisions and indemnification obligations, including for liabilities under the Securities Act of 1933, as amended (“ Securities
Act”). The Offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-283898) that was initially filed
by the Company with the Securities and Exchange Commission (“ SEC”) on December 18, 2024, and declared effective by the SEC
on December 27, 2024, and a related prospectus supplement. A prospectus supplement relating to the Offering will be filed with
the SEC pursuant to Rule 424(b) under the Securities Act.

The
Company estimates that the net proceeds of this offering, after deducting underwriting discounts and commissions and estimated offering
expenses, will be approximately $1,850,000 (or approximately $2,160,000 if the underwriter exercises its
option to purchase additional shares in full). The Company intends to use a portion of the net proceeds from the Offering to retire
or reduce debt, make further capital contributions to its Marygold & Co. subsidiaries, and for other general working capital and
corporate purposes. The Company expects the Offering to close on or about January 28, 2025, for the Firm Shares, subject to the
satisfaction of customary closing conditions.

The
representations, warranties and covenants contained in the Underwriting Agreement were made solely for the benefit of the parties thereto
and may be subject to limitations agreed upon by the