Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 17

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 Agreement (“EDA”)
with Maxim pursuant to which we may sell from time-to-time shares of our common stock having an aggregate offering price of up to $4.65
million through or to Maxim, as sales agent or principal. We have agreed to pay Maxim a commission equal to three percent (3%) of the
aggregate gross proceeds from the sale of any shares through Maxim under the EDA, reimburse Maxim for certain legal fees and disbursements,
and have agreed to indemnify Maxim against certain liabilities under the Securities Act. The EDA requires that, until May 28, 2025,
the date of the expiration of the standstill period in our Underwriting Agreement with Maxim for the Offering described above, sales of
our shares of common stock be made at a minimum price per share of $1.50 unless, at any time, Maxim and the Company mutually agree upon
a lower minimum price per share. During the quarter ended March 31, 2025, we did not sell any shares pursuant to the EDA.  The offer
and sale, if any, of our shares of common stock under the EDA will be made pursuant to our shelf registration statement on Form S-3 which
was filed with the SEC on December 18, 2024, and became effective on December 27, 2024, the base prospectus included therein, and a prospectus
supplement that was filed by the Company with the SEC on March 7, 2025.

Stock-based
Compensation

During
the nine months ended March 31, 2025, the following activity occurred under the Company’s Equity Incentive Plan.

SCHEDULE OF SHARE BASED COMPENSATION ACTIVITY 

    Stock
    Options  
    Restricted
    Stock 

    Number
    of Shares  
    Weighted Average Exercise
                                                                                Price  
    Number
    of Shares  
    Weighted Average Grant Date
                                                                                Fair Value 
  
    Balance at June 30, 2024 
     540,881  
    $1.34  
     681,013  
    $1.15 
  
    Granted 
     100,000  
    $1.45  
     264,890  
    $1.45 
  
    Released 
     -  
    $-  
     (622,349) 
    $1.23 
  
    Forfeited