Company: MGLD
Filing Date: 2025-01-27
Form Type: 8-K
Source: 0001493152-25-003789
Chunk: 1

Company: Marygold Companies, Inc.
Filing Date: 2025-01-27
Form: 8-K
Item: Item 1.01
Chunk 1
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 parties thereto. Accordingly, the Underwriting Agreement is incorporated herein
by reference only to provide investors with information regarding the terms of the Underwriting Agreement and not to provide investors
with any other factual information regarding the Company or its businesses, and should be read in conjunction with the disclosures in
the Company’s periodic reports and other filings with the SEC.

The
foregoing description of the Underwriting Agreement is not complete and is qualified in its entirety by reference to the full text of
the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K.

A
copy of the opinion of Somertons, PLLC, relating to the legality of the issuance of the Shares in connection with the Offering, is filed
as Exhibit 5.1 to this Current Report on Form 8-K.

Section
8 - Other Events

  Item      Other    

On
January 24, 2025, and January 26, 2025, the Company issued press releases announcing the launch and the pricing of the
Offering, respectively. Copies of the press releases are filed as Exhibits 99.1 and 99.2 to this Current Report on Form 8-K and are incorporated
herein by reference.

Assuming
net proceeds of $1,850,000 from the Offering and excluding any additional proceeds from the underwriters’ exercise of their
option to purchase additional shares, the Company intends to use a portion of the net proceeds from the Offering to retire or reduce
debt, make further capital contributions to its Marygold & Co. subsidiaries, and for other general working capital and corporate
purposes. The Company will require additional capital to retire or further reduce debt and for other general working capital and corporate
purposes.

Section
9 - Financial Statements and Exhibits

  Item      Financial                 

(d)
Exhibits.

  Exhibit      Description                                                                                   
      No.                                                                                                    
      1.1      Underwriting                                                                                  
               Agreement, dated January 26, 2025, between The Marygold Companies, Inc., and Maxim Group LLC  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────
      5.1      Opinion of Somertons, PLLC                                                                    
     23.1      Consent                                                                                       
     99.1      Launch Press Release, dated January 24, 2025                                                  
     99.2      Pricing Press Release, dated January 26,