Company: MGLD
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009260
Chunk: 46

Company: Marygold Companies, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 no assurance our Fintech business
will be successful or generate sufficient or any significant revenues, although our ability to predict revenue generation from our
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 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