The Marygold Companies, a holding company with subsidiaries in fund management, food and beauty products, and security, filed on Tuesday with the SEC to raise up to $24 million in an initial public offering. The company is currently listed on the OTC under the name Concierge Technologies (CNCG).
The Marygold Companies is a holding company with wholly-owned subsidiaries engaged in a variety of business activities, including commodity-focused fund management, commercial food production, hair and skin care beauty products, and security systems.
The San Clemente, CA-based company was founded in 1996 and booked $39 million in revenue for the 12 months ended September 30, 2021. It plans to list on the NYSE American under the symbol MGLD. Maxim Group LLC is the sole bookrunner on the deal. No pricing terms were disclosed.
