The Marygold Companies, Inc. Announces Closing of its Upsized Underwritten Public Offering and Full Exercise of Over-Allotment Option
March 14 2022 - 4:05PM
Business Wire
The Marygold Companies, Inc. (NYSE American: MGLD) (the
“Company”), a diversified global holding firm, today announced the
closing of its previously announced underwritten public offering of
1,897,500 shares of common stock, including 247,500 shares sold
pursuant to the full exercise of the underwriter’s over-allotment
option, for gross proceeds of approximately $3,795,000, before
deducting underwriting discounts, commissions, and other estimated
offering expenses.
The common stock began trading on the NYSE American on March 10,
2022, under the symbol “MGLD”.
Maxim Group LLC acted as sole book-running manager for the
offering.
The shares of Common Stock in the offering were issued by the
Company pursuant to a registration statement on Form S-1, as
amended (File No. 333-261522), previously filed with the Securities
and Exchange Commission (SEC) and subsequently declared effective
by the SEC on March 9, 2022, and the accompanying prospectus
contained therein.
A final prospectus relating to the offering was filed with the
SEC and can be obtained on the SEC’s website at http://www.sec.gov
or by contacting Maxim Group LLC, 300 Park Avenue, 16th Floor, New
York, NY 10022 at (212) 895-3745.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About The Marygold Companies, Inc.
The Marygold Companies, Inc., formerly Concierge Technologies,
Inc., was originally founded in 1996 and repositioned as a global
holding firm in 2015. The Company currently has operating
subsidiaries in financial services, food manufacturing, printing,
security systems and beauty products. Offices and manufacturing
operations are in the U.S., New Zealand, U.K., and Canada. For more
information, visit www.themarygoldcompanies.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of U.S. federal securities laws. Words such as
“expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue” and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to
differ materially from the expected results and, consequently, you
should not rely on these forward-looking statements as predictions
of future events. These forward-looking statements and factors that
may cause such differences include, without limitation, the risks
disclosed in the Company’s Annual Report on Form 10-K filed with
the SEC on September 22, 2021, and in the Company’s other filings
with the SEC. The foregoing list of factors is not exclusive.
Readers are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Except as required by law, the Company disclaims any obligation to
update or publicly announce any revisions to any of the
forward-looking statements contained in this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20220314005576/en/
Media and Investors: Roger S. Pondel PondelWilkinson Inc.
310-279-5980 rpondel@pondel.com
Contact the Company: Nicholas Gerber, CEO 949-429-5370
ngerber@themarygoldcompanies.com
Marygold Companies (AMEX:MGLD)
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