Company: MGLD
Filing Date: 2025-06-20
Form Type: 8-K
Source: 0001641172-25-015734
Chunk: 0

Company: Marygold Companies, Inc.
Filing Date: 2025-06-20
Form: 8-K
Item: Item 1.01
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Item 1.01

Entry Into a Material Definitive Agreement.

On
June 19, 2025, The Marygold Companies, Inc., a Nevada corporation(“ Company”),
entered into a stock purchase agreement(“ Agreement”)with SKCAL LLC, (“ SKCAL”) (“ Brigadier”) (“ Shares”) (“ Closing”) Closing Date.

Pursuant
to the Agreement, the purchase price for the Shares to be acquired by SKCAL at Closing will be $2,220,000 subject to
certain adjustments thereto. An initial payment of $220,000 is due three business days following the execution and delivery of the Agreement
by the parties. An additional $1,000,000 is payable on the Closing Date. A final payment of $1,000,000 is payable on September 1, 2025,
subject to adjustment upward or downward thereto in the event of a difference between the Closing Date schedule of Brigadier’s
current assets and liabilities as of June 30, 2025, ( Target Balance Sheet ) Final Balance Sheet

The
Agreement may be terminated at any time prior to Closing by mutual consent of the parties; by SKCAL if there has been a material
breach, inaccuracy in or failure to perform any representation, warranty, covenant or agreement of the Company set forth in the
Agreement not cured within 30 days, if any closing condition on the part of the Company has not been fulfilled by the Closing Date,
or in the event of a material adverse change in the business, assets, liabilities or the operations of Brigadier before Closing; or
by the Company if there has been a material breach, inaccuracy in or failure to perform any representation, warranty, covenant or
agreement of SKCAL not cured within 30 days, any Closing condition of SKCAL has not been fulfilled by the Closing Date, or the
Company’s audit committee or a majority of disinterested directors disapprove of the transaction. In the event of the
termination of this Agreement pursuant to the foregoing there shall be no liability by one party to the Agreement to the other
party.

On June 17, 2025, the independent members of the board of directors of the Company completed their review of an independent
valuation of the fair market value of Brigadier and based upon such valuation and their review of the terms of the proposed
transaction, approved the transaction. The audit committee of the Company will continue to have oversight of the transaction through
the Closing Date.