Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 112

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 112
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, 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 U.S. and abroad who may be interested in a consumer faced mobile app such as ours, there can be no assurance we will
be successful in monetizing our app in its current state of development to these third parties through license, fee-based user, or other
arrangement.

30

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item
3. Defaults Upon Senior Securities

None.

Item
4. Mine Safety Disclosures

Not
applicable.

Item
5. Other Information

Securities
Trading Plans of Directors and Executive Officers

During
the fiscal quarter ended March 31, 2025, none of the Company’s directors or officers, as defined in Section 16 of the Securities
Exchange Act of 1934, adopted or terminated any contract, instruction or written plan for the purchase or sale of Company securities
that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement”
as defined under Item 408(a) of Regulation S-K.

Item
6. Exhibits

The
following exhibits are filed or incorporated by reference as part of this Form 10-Q:

    Exhibit No.
     
    Description

    31.1
     
    Certification
    of Principal Executive Officer pursuant to Rules 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as amended, as adopted
    pursuant to Section 302 of the Sar