Company: MGLD
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001493152-25-021259
Chunk: 16

Company: Marygold Companies, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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Act of 1933, as amended (“Securities Act”), and the Securities Exchange Act of 1934, as amended (“Securities
Exchange Act”), as well as liabilities arising from the material breach of any of the representations and warranties the Company
made in the Underwriting Agreement, and to contribute to payments that Maxim may be required to make for these liabilities.

Equity
Distribution Agreement

On
March 7, 2025, we entered into an Equity Distribution Agreement (“EDA”) with Maxim pursuant to which we may sell from time-to-time
shares of our common stock having an aggregate offering price of up to $4.65 million through or to Maxim, as sales agent or principal.
We have agreed to pay Maxim a commission equal to three percent (3%) of the aggregate gross proceeds from the sale of any shares through
Maxim under the EDA, reimburse Maxim for certain legal fees and disbursements, and have agreed to indemnify Maxim against certain liabilities
under the Securities Act. The EDA requires that, until May 28, 2025, the date of the expiration of the standstill period in our Underwriting
Agreement with Maxim for the Offering described above, sales of our shares of common stock be made at a minimum price per share of $1.50
unless, at any time, Maxim and the Company mutually agree upon a lower minimum price per share. As of September 30,
2025, we have not sold any shares pursuant to the EDA. The offer and sale, if any, of our shares of common stock under the EDA will be
made pursuant to our shelf registration statement on Form S-3 which was filed with the SEC on December 18, 2024, and became effective
on December 27, 2024, the base prospectus included therein, and a prospectus supplement that was filed by the Company with the SEC on
March 7, 2025.

The foregoing does not constitute an offer to sell or the solicitation
of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or
other jurisdiction.

Stock-based
Compensation

During
the quarter ended September 30, 2025, the following activity occurred under the Company’s Equity Plan.

SCHEDULE OF SHARE BASED COMPENSATION ACTIVITY 

    Stock