Marygold Companies (MGLD) Announces Proposed Public Offering of Common Stock

The Marygold Companies, Inc. (“TMC,” or the “Company”) (NYSE American: MGLD), a diversified global holding company, today announced that it has commenced an underwritten public offering of shares of its common stock. All of the shares of common stock to be sold in the proposed offering will be sold by Marygold. In addition, Marygold intends to grant the underwriter in the offering a 45-day option to purchase up to an additional 15% of the shares of common stock offered in the offering at the public offering price, less underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Maxim Group LLC is acting as the sole book-running manager for the proposed offering.

Marygold intends to use the net proceeds of this offering to retire or reduce debt, make further capital contributions to the Marygold & Co. subsidiaries in the U.S. and the U.K. and for general working capital and corporate purposes.

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