Company: MGLD
Filing Date: 2025-01-27
Form Type: 424B5
Source: 0001493152-25-003788
Chunk: 47

Company: Marygold Companies, Inc.
Filing Date: 2025-01-27
Form: 424B5
Chunk 47
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 secured by:
(i) a pledge of all the common stock the Company owns in USCF Investments, Inc. and (ii) a security interest in all of the assets of
the Company. Further, the Company’s Chief Executive Officer’s trust, Nicholas and Melinda Gerber Living Trust (“Gerber
Trust”), provided: (i) a guaranty of the Company’s obligations to the Holder under the Note and (ii) a pledge of all of the
common stock of the Company owned by the Gerber Trust.

Beginning on the date that is six months from
the issuance date until the applicable Note is paid in full, each month the Holder has the right to require the Company to redeem up
to an aggregate of $400,000 with respect to the Initial Note and $200,000 with respect to the Subsequent Note plus any interest accrued
thereunder and an exit fee of 6% of the principal amount and accrued interest redeemed. The Company has the right to defer such redemption
payments that Holder could otherwise elect to make three times by providing advance written notice to Holder. If Company exercises its
deferral right, the outstanding balance automatically increased by 0.85% for each instance that the deferral right is exercised by Company,
which cannot be exercised more than once every ninety calendar days.

Pursuant to the terms of the Purchase Agreement,
beginning on the date of the issuance and sale of the Note and ending 24 months later, Holder will have the right, but not the obligation,
with Company’s prior written consent, to reinvest up to an additional $10,000,000 in the Company on the same terms and conditions
as the Notes (structured as two tranches of $5,000,000 each).

The Company engaged Maxim Group LLC to serve as
placement agent for the transaction between the Company and Holder in exchange for an aggregate commission equal to 7% of the gross cash
proceeds received from the sale of the Notes.

As of September 30, 2024, the note payable balance outstanding, net of the original issue discount and fees paid,
was $3.7 million, of which $2.8 million is due within 12 months from September 30, 2024 and the remaining balance of $0.9 million is
due prior to September 30, 2026.

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Securities We May Offer

We may offer shares of our common stock, shares of preferred stock, warrants to purchase our preferred stock or