MGLD

Launch of Mobile Banking App: Marygold & Co. (UK) has launched its mobile banking fintech app in the U.K., available on both Apple and Google Play stores, featuring unique tools for managing finances tailored to U.K. users.

Marketing Strategy and Expectations: The company plans a marketing ramp-up over the next 60-90 days, aiming for rapid adoption due to dissatisfaction with traditional banks among U.K. citizens, leveraging their experience from the U.S. financial market.

Financial Performance: The Marygold Companies, Inc. reported a revenue decline to $8.0 million for Q2 2025, with a net loss of $1.7 million, attributed mainly to reduced assets under management and expenses related to their fintech app development.

Future Outlook: The company plans to reduce expenses in its Marygold & Co. subsidiary and anticipates launching its mobile banking app in the U.K., viewing recent investments as crucial for long-term growth despite current losses.

Public Offering Announcement: The Marygold Companies, Inc. has successfully closed an underwritten public offering of 2,050,000 shares of common stock at $1.10 per share, generating approximately $2.25 million in gross proceeds.

Company Overview: Founded in 1996 and restructured as a global holding company in 2015, Marygold operates subsidiaries in various sectors including financial services, food manufacturing, and beauty products across multiple countries.

Logility Acquisition Announcement: Shares of Logility Supply Chain Solutions surged 23.2% in pre-market trading following Aptean's announcement of a $14.30-per-share all-cash acquisition deal.

Market Movements: Several stocks experienced significant pre-market gains, including HWH International (up 80.5%) and Tevogen Bio Holdings (up 65.2%), while others like MiMedx Group saw substantial declines (down 42%).

Public Offering Announcement: Marygold Companies Inc. (MGLD) has priced an underwritten public offering of 2.05 million shares at $1.10 per share, expecting gross proceeds of approximately $2.26 million, with the offering set to close around January 28, 2025.

Use of Proceeds: The company plans to use the net proceeds from the offering for debt reduction, capital contributions to its subsidiaries in the U.S. and U.K., and general corporate purposes.

Public Offering Announcement: The Marygold Companies, Inc. has priced a public offering of 2,050,000 shares of common stock at $1.10 per share, aiming to raise approximately $2.25 million before expenses, with the offering expected to close around January 28, 2025.

Use of Proceeds: The company plans to use the net proceeds from the offering for debt reduction, capital contributions to its subsidiaries in the U.S. and U.K., and general corporate purposes.

Public Offering Announcement: The Marygold Companies, Inc. has initiated an underwritten public offering of its common stock, with plans to use the proceeds for debt reduction, capital contributions, and general corporate purposes.

Regulatory Compliance: The offering is being conducted under an effective shelf registration statement filed with the SEC, and a preliminary prospectus will be available for potential investors.

Marygold Companies Offering: The Marygold Companies (MGLD) has initiated an underwritten public offering of its common stock, with all shares being sold by the company and Maxim Group serving as the sole book-running manager.

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Financial Performance: The Marygold Companies, Inc. reported a revenue of $7.9 million for the first quarter of fiscal 2025, down from $8.2 million the previous year, and sustained a net loss of $1.6 million due to ongoing investments in financial services, particularly in their mobile fintech app.

Strategic Investments: TMC is focusing on transforming its primary operations towards financial services, including acquiring stakes in other companies and planning the rollout of its fintech app in the U.K., with expectations of long-term benefits despite short-term losses.

Marygold Companies' Investment: The Marygold Companies, Inc. has invested $1.8 million to acquire a 7.95% stake in Midland Capital Holdings Corporation, reinforcing its strategy in the financial services and fintech sector.

Future Plans and Developments: TMC plans to enhance Midland Federal's offerings and technology while also marketing a new mobile fintech app aimed at expanding its presence in the U.S. and entering the UK market later this year.

Marygold Companies Investment: Marygold Companies has acquired a 7.95% ownership stake in Midland Capital, investing $1.8 million in the process.

Warrants Details: The deal includes 180,000 warrants to purchase additional shares of Midland Capital at an exercise price of $22.25, expiring on February 27, 2034.

Funding Announcement: The Marygold Companies, Inc. has secured $4.38 million in funding as part of a total $6.56 million private placement to support the rollout of its fintech app, Marygold & Co., which offers users a digital banking alternative.

Market Expansion Plans: Following a successful soft launch in the U.S., the company plans to further penetrate the U.S. market and introduce the app in the U.K. later this year, leveraging acquisitions of local investment advisory firms for marketing support.

Financial Performance: The Marygold Companies, Inc. reported a revenue decline to $32.8 million for fiscal year 2024, resulting in a net loss of $4.1 million, compared to a profit of $1.2 million in the previous year. The fourth quarter also showed a decrease in revenue and an increased net loss primarily due to an impairment charge from its Original Sprout subsidiary.

Investment Focus: The company has been investing heavily in its Marygold & Co. subsidiary, particularly in developing a mobile fintech app, which has contributed to short-term losses but is expected to enhance long-term shareholder value as it prepares for broader market rollouts.

The Marygold Companies Presentation:

• Nicholas Gerber and David Neibert from The Marygold Companies will present at the 2024 Maxim Fintech Virtual Symposium.
• The symposium will focus on the evolving Fintech industry, highlighting companies integrating advanced technology into finance, payments, and real estate.

Event Details:

• The presentation will be live on M-Vest on June 25 at 2 p.m. EDT.
• Interested individuals can register to attend the virtual event.

Company Background:

• The Marygold Companies, founded in 1996, is a global holding firm with subsidiaries in financial services, food manufacturing, printing, security systems, and beauty products.
• The company recently launched a mobile fintech app through its subsidiary, Marygold & Co., and will discuss its features and development stage at the symposium.