Company: MGLD
Filing Date: 2025-01-27
Form Type: 424B5
Source: 0001493152-25-003788
Chunk: 14

Company: Marygold Companies, Inc.
Filing Date: 2025-01-27
Form: 424B5
Chunk 14
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 on certain income earned by our non-U.S. subsidiaries.

Under the Internal Revenue Code (“Code”)provisions governing the taxation of income earned by “controlled foreign corporations,” most or all of the income earned by our non-U.S. subsidiaries will be subject to U.S. federal income tax in the year earned, even if not distributed to Marygold and even if fully taxed in the foreign countries in which those subsidiaries are organized or operate. Although the Code provides for foreign tax credit relief with respect to the foreign income taxes imposed on such income, that relief is limited in several respects that could have the effect of subjecting the same income to both U.S. and foreign income taxation.

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<div align='center'>USE OF PROCEEDS</div>

We estimate that the net proceeds from the sale of 2,050,000 shares of our common stock in this offering will be approximately $1,850,000 (or $2,160,000 if the underwriters exercise their overallotment option to purchase 307,500 additional shares in full), after deducting underwriting discounts and commissions and estimated offering expenses payable by us.

As of September 30, 2024, we had cash and cash equivalents of approximately $6.7 million. We expect to use the net proceeds from this offering to retire or reduce debt, make further capital contributions to our Marygold & Co. subsidiaries in the U.S. and U.K., and for general working capital and corporate purposes.

The amounts we have set forth above are estimates developed by our management of the allocation of proceeds of the offering based upon our current plans and prevailing economic and industry conditions. Although we do not currently contemplate material changes in the proposed uses of proceeds set forth above, to the extent that our management finds that adjustment thereto is required, the amounts shown may be adjusted among the uses indicated above. Our proposed uses of net proceeds are subject to changes in general, economic and competitive conditions, timing and management discretion, each of which may change the amount of proceeds expended for the purposes intended. The proposed application of proceeds is also subject to changes in market conditions and our financial condition in general. Changes in general, economic, competitive and market conditions and our financial condition would include, without limitation, the occurrence of a national economic slowdown or recession, a significant change in the demand for our products and/or services, changes in the competitive environment in which we operate, and changes in general market or industry conditions.

We may require additional financing in the future to operate and/or