secwatch.observer — SEC 8-K summary
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Issuer:     Marygold Companies, Inc. (MGLD)
CIK:        0001005101
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0001493152-24-037951
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marygold Companies secures up to $6.56M in secured note financing for fintech app rollout
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- Initial $4.38M secured note issued; up to additional $2.18M expected Jan 2025 upon conditions.
- Net proceeds used for Marygold & Co. fintech app marketing and U.K. expansion.
- Note carries 9% interest, 9% OID, 6% exit fee; secured by pledge of USCF Investments stock and CEO trust guaranty.
- Placement agent Maxim Group LLC received 7% commission.
- CEO: company invested $15M internally over five years; external funding supports next-stage rollout.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005101/000149315224037951/0001493152-24-037951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005101/000149315224037951/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-037951

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