Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 671

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 6
Chunk 671
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 entered into a financing arrangement under which we borrowed $4.4 million and have the potential
to borrow an additional $2.2 million. The financing arrangement also gives the lender the right but not the obligation to provide an
additional $10.0 million in financing to us on the same terms as the initial loans. Also as described below, on January 28, 2025, we received $1.8 million in net proceeds from the sale of our shares in
a firm commitment underwritten offering. Also, on July 1, 2025, the Company sold Brigadier to a related party. As of June 30, 2025, $0.7 million had been
received as a deposit, and the Company received the remaining proceeds of $1.6 million in accordance with the schedule described in Note
16, Subsequent Events to the Consolidated Financial Statements included in this Form 10-K.

Recent
Equity Financing

On
January 28, 2025, we closed on the sale of an aggregate of 2,050,000 shares of our common stock, $0.001 par value per share (“Common
Stock”) at a price to the public of $1.10 per share (before deduction of underwriting discounts and commissions) in a firm commitment
underwritten public offering (“Offering”) pursuant to an underwriting agreement, dated January 26, 2025 (“Underwriting
Agreement”), between us and the Maxim Group LLC (“Maxim”), as sole underwriter and book-running manager for the Offering.
Pursuant to the Underwriting Agreement, we granted Maxim a 45-day option to purchase up to an additional 307,500 shares of Common Stock
at the public offering price before deduction of underwriting discounts and commissions (“Overallotment Option”). Maxim did
not exercise its Overallotment Option.

The
net proceeds of the Offering to us, after deducting underwriting discounts and commissions and estimated offering expenses, were $1.8
million. We intend to use the net proceeds from the Offering to retire or reduce debt, make additional investments in our financial services
operations, and for other general working capital and corporate purposes.

At-the-Market
Securities Offering

On
March 7, 2025, we entered into an Equity Distribution 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