Company: MGLD
Filing Date: 2025-06-20
Form Type: 8-K
Source: 0001641172-25-015734
Chunk: 3

Company: Marygold Companies, Inc.
Filing Date: 2025-06-20
Form: 8-K
Item: Item 8.01
Chunk 3
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Item
8.01 – Other Events.

In
the view of management of the Company, the sale
of Brigadier does not constitute the disposition of a “significant” amount of assets within the meaning
set forth in Item 2.01 of the Form 8-K and Brigadier is not deemed a “significant” subsidiary within the meaning set forth
under Rule 11-02(b)(2) and Rule 1-02(w) of Regulation S-X. Nevertheless, the Company is providing this disclosure voluntarily
under Item 8.01 of this Form 8-K. Management believes that the disposition of Brigadier aligns with its current corporate
strategy to direct resources and focus on its financial services sector.

The
Company expects that the proceeds from the sale
of Brigadier will be used to pay down corporate debt and for general corporate purposes.

Section
9 - Financial Statements and Exhibits

Item
9.01 Financial Statements and Exhibits