The Marygold Companies, which is holding company with subsidiaries in fund management, food and beauty products, and security, raised $3 million by offering 1.7 million shares at $2, below the last close of its shares on the OTC ($2.75). The company offered 0.3 million more shares than anticipated. It originally planned to offer 2.4 million shares before slashing the offering earlier this month.
Because the company raised less than $5 million, The Marygold Companies will be excluded from Renaissance Capital's 2022 IPO stats.
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 Marygold Companies plans to list on the NYSE American under the symbol MGLD. Maxim Group LLC acted as sole bookrunner on the deal.
