other material
confidence high
sentiment neutral
materiality 0.65
Marygold enters ATM equity distribution agreement to sell up to $4.65M of common stock
Marygold Companies, Inc.
- Equity Distribution Agreement with Maxim Group LLC allows at-the-market sales of up to $4.65M of common stock.
- Sales subject to minimum price of $1.50 per share until May 28, 2025, unless mutually agreed lower.
- Maxim to receive 3.00% commission on gross proceeds; customary indemnification provided.
- Offered under effective shelf registration statement (File No. 333-283898) declared effective Dec 27, 2024.
- Company not obligated to sell any shares; agreement terminates upon sale of all shares or 12 months.