Company: MGLD
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001493152-25-009595
Chunk: 17

Company: Marygold Companies, Inc.
Filing Date: 2025-03-07
Form: 424B5
Chunk 17
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 on the date of this prospectus supplement and will be incorporated by reference into the Registration Statement and this prospectus supplement. This summary of the material provisions of the Equity Distribution Agreement does not purport to be a complete statement of its terms.

Under the terms of the Equity Distribution Agreement, until May 28, 2025, the sales price of our shares in this offering is subject to a minimum price of $1.50 per share, unless we and Maxim mutually agree upon a lower sales price.

Each time that we wish to issue and sell shares of our common stock under the Equity Distribution Agreement, we will provide Maxim with a placement notice describing the amount of shares to be sold, the time period during which sales are requested to be made, any limitation on the amount of shares of our common stock that may be sold in any single day, any minimum price below which sales may not be made or any minimum price requested for sales in a given time period and any other instructions relevant to such requested sales. Upon receipt of a placement notice, Maxim, acting as our sales agent, will use commercially reasonable efforts, consistent with its normal trading and sales practices and applicable state and federal laws, rules and regulations and the rules of the NYSE American, to sell shares of our common stock under the terms and subject to the conditions of the placement notice and the Equity Distribution Agreement. We or Maxim may suspend the offering of shares of our common stock pursuant to a placement notice upon notice.

Settlement for sales of common stock will occur on the first trading day (or such shorter settlement cycle as may be in effect under Rule 15c6-1 under the Securities Exchange Act from time to time) following the date on which any sales are made, or on some other date that is agreed upon by us and Maxim in connection with a particular transaction, in return for payment of the net proceeds to us. Sales of our common stock as contemplated in this prospectus supplement and the accompanying prospectus will be settled through the facilities of The Depository Trust Company or by such other means as we and Maxim may agree upon. There is no arrangement for funds to be received in an escrow, trust or similar arrangement.

The aggregate compensation payable to Maxim as sales agent is equal to 3.0% of the gross sales price of the shares sold through it pursuant to the Equity Distribution Agreement. Pursuant to the terms of the Equity Distribution Agreement, we have agreed to reimburse Maxim for the documented fees and costs of its legal counsel reasonably incurred in connection with entering into the transactions