M&A - Marygold Companies, Inc.

Form Type: 8-K

Filing Date: 2025-06-20

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225015734

Filing Summary: On June 19, 2025, The Marygold Companies, Inc. entered into a stock purchase agreement with SKCAL LLC to sell all shares in its subsidiary, Brigadier Security Systems (2000) Ltd. The agreement includes the sale of 10,000 Class B shares, 597,218 Class F shares, and 269,999 Class H shares for a total purchase price of $2,220,000, with payments scheduled over several dates. The closing is expected on July 1, 2025, and the transaction has been approved by the board following an independent valuation. A press release was issued on June 20, 2025, detailing the agreement. The management believes this sale aligns with their strategy to focus on the financial services sector. The proceeds are intended for debt reduction and general corporate purposes.