Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 53

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 53
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 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 approximately
$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.

4

Table of Contents

Recent
Note Financing

On
September 19, 2024, we entered into a note purchase agreement (“Purchase
Agreement”) with Streeterville Capital, LLC, a Utah limited liability company (“Holder”), pursuant to which we agreed
to issue and sell to Holder a secured promissory note in an initial principal amount of $4,380,000 (“Initial Note”) payable
on or before 24 months from the issuance date (“Maturity Date”) and, upon the satisfaction of certain conditions in the Purchase
Agreement, up to one additional secured promissory note (“Subsequent Note,” Initial Note and Subsequent Note, “Notes”).
The initial principal amount of the Notes includes an original issue discount of 9% and expenses the Company agreed to pay to the Holder
to cover the Holder’s transaction costs. The original issue discount of the Initial Note was $360,000. Interest on the principal
amount of the Notes accrues at a rate of 9% per annum. We may pay all or any portion of the amount owed under the Notes earlier than it
is due. All payments made under the Notes, including any repayments, are subject to an additional amount payable equal to 6% of the portion
of the outstanding balance (including accrued interest) being repaid. The Subsequent Note would have a principal amount of $2,180,000,
which will have terms substantially similar to the terms