Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 74

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 74
---
 the reports are filed with, or furnished to, the SEC. The information on our website is not incorporated
by reference in this Annual Report on Form 10-K or our other securities filings with the SEC. The SEC maintains an Internet site at www.sec.gov
that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC,
from which investors may electronically access our SEC filings.

Controlled Company Status

Pursuant to a voting agreement dated January 27,
2015, Nicholas Gerber and Scott Schoenberger, through their respective family trusts, have voting and investment power with respect to more than 50% of the voting stock on matters that may have a material impact on our strategy and shareholder rights. Because more than 50% of the combined
voting power of all our outstanding voting stock is beneficially owned by Messrs. Gerber and Schoenberger, we are deemed a
“controlled company” as defined in section 801(a) of the NYSE American Company Guide. As such, we are exempt from
certain NYSE American rules requiring our Board of Directors to have a majority of independent members, a compensation committee
composed entirely of independent directors and a nominating and governance committee composed entirely of independent directors.

13

ITEM
1A. RISK FACTORS 

Investing
in our shares involves a high degree of risk and dilution. Our business operations, financial condition, results of operations, and
stock price may be affected by a number of factors. In addition to the other information in this Annual Report on Form 10-K
(“Form 10-K”), the following factors and the information contained under “Special Note Regarding Forward-Looking
Statements” should be considered in evaluating our company and our businesses. The risks and uncertainties described below are
not the only risks we face. Additional risks and uncertainties that are presently unknown or are currently deemed immaterial may
also impair our business operations. If any of the events or circumstances described in the following risks or elsewhere in this
Form 10-K occur, our business, financial condition and results of operations could suffer and the trading price of our shares of
common stock could decline.

Litigation
Risks

The
Company’s business and operation could be negatively affected by any material litigation involving the Company or
its subsidiaries.

USCF
LLC, an indirect wholly owned subsidiary, is currently the subject of class action litigation. See “Note 14. Commitments and Contingencies