The Marygold Companies, Inc. announces the price of a $2.25 million public offering by Investing.com
SAN CLEMENTE, Calif.–( BUSINESS WIRE )–The Marygold Companies, Inc. (™C or the Company), (NYSE American: MGLD), a diversified global holding company, today announced prices for its initial public offering. 2,050,000 share of its common stock at a price to the public of $1.10 per share. The gross proceeds of the offering to Marygold are expected to be approximately $2,255,000, before deduction of discounts and commissions and other offering expenses. The offering is expected to close on or about January 28, 2025, subject to customary closing conditions. In addition, Marygold has granted the underwriters a 45-day option to purchase up to 307,500 additional common shares at the public offering price, less underwriting discounts and commissions.
Maxim Group LLC is acting as the sole book-running manager for the offering.
Marygold intends to use a portion of the net proceeds from the offering to retire or reduce debt, make additional capital contributions to its subsidiaries Marygold & Co. in the US and UK, and for other general working capital and corporate purposes.
The shelf registration statement relating to the common stock offered in the public offering described above was filed with the Securities and Exchange Commission (SEC) on December 18, 2024, and was declared effective by the SEC on December 27, 2024. The offering is being made only through the written prospectus and the supplement to the prospectus that form part of the registration statement. A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available on the SEC’s website at www.sec.gov. The final prospectus supplement and accompanying prospectus will be filed with the SEC. When available, copies of the final prospectus supplement and accompanying prospectus may also be obtained by contacting Maxim Group LLC at 300 Park Avenue, 16th Floor, New York, New York, by telephone at (212) 895-3745 or by email at syndicate@maximgrp . com.
This press release will not constitute an offer to sell or the solicitation of an offer to buy the securities being offered, nor will there be any sale of the securities being offered in any state or other jurisdiction in which such offer, solicitation or sale would be illegal before registration or qualification under the securities laws of any such state or other jurisdiction.
About Marygold Companies, Inc.
Marygold Companies was founded in 1996 and repositioned as a global holding company in 2015. The company currently has operating subsidiaries in financial services, food manufacturing, printing, security systems and cosmetics, under the trade names USCF Investments, Marygold & Co., Marygold & Co. Limited, Step By Step Financial Planners, Gourmet Foods, Printstock Products, Brigadier Security Systems and Original Sprout, respectively. Offices and manufacturing operations are located in the US, New Zealand, the UK and Canada. For more information, visit www.themarygoldcompanies.com.
Forward-looking statements
This press release contains forward-looking statements that are based on the Company’s beliefs and assumptions and on information currently available to the Company as of the date of this press release. These forward-looking statements involve substantial risks and uncertainties. All statements in this press release, other than statements of historical fact, including statements about the Company’s future expectations, plans and prospects, constitute forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 .statements include all statements about the Company’s strategy, operations and future expectations and plans and prospects for the Company, and all other statements containing the words predict, believe, estimate, expect, intend, aim, maybe, maybe, plan, predict, project, seek, goal, potential, will, would, could, should, continue and similar expressions. Such forward-looking statements involve significant risks and uncertainties that could cause the Company’s financial and operating results, performance or achievements to differ materially from those expressed or implied in the forward-looking statements, including the factors discussed in Risk factors contained in the quarterly and annual reports that the Company submits to the Securities Commission. All forward-looking statements represent only the views of the Company as of the date of this press release. The Company anticipates that subsequent events and developments may cause its views to change. Although the Company may choose to update these forward-looking statements at some point in the future, the Company expressly disclaims any obligation to do so except as required by law, even if new information becomes available in the future.
See the original version on businesswire.com: https://www.businesswire.com/news/home/20250126808582/en/
Investor contacts:
Media and investors, for more information contact:
Roger S. Pondel
PondelWilkinson Inc.
310-279-5965
rpondel@pondel.com
Contact the company:
David Neibert, Chief Operating Officer
949-429-5370
dneibert@themarygoldcompanies.com
Source: The Marygold Companies, Inc.
