Marygold Companies, Inc. (MGLD) entered into a definitive merger agreement on September 25, 2026, under which funds managed by Madison Dearborn Partners will acquire all outstanding company shares for $2.00 per share.
The board and a Special Committee composed solely of independent and disinterested directors unanimously determined the agreement and related transactions advisable, fair to and in the company’s interests. Holders of approximately 75% of the voting power of outstanding shares supported the agreement and delivered written consent approving it. Following stockholder approval, the agreement does not permit Marygold to respond to or accept alternative acquisition proposals or terminate the agreement to pursue one.
The Marygold Companies, Inc. (MGLD) agreed to merge with Flower Merger Sub, Inc., a wholly owned subsidiary of Flower AcquireCo, LLC, which is controlled by funds managed by Madison Dearborn Partners. At closing, each common share other than treasury shares, shares owned by Parent or Merger Sub, and certain rollover shares is to convert into the right to receive $2.00 in cash, without interest, an approximately 100% premium to the September 24, 2026 closing price. Preferred shares are to receive cash based on the number of common shares into which they are convertible. Options with exercise prices below $2.00 and restricted stock awards convert to cash under the agreement; options and warrants with exercise prices at or above $2.00 are canceled for no consideration.
Stockholders holding approximately 75% of voting power approved the agreement by written consent, satisfying that closing condition. Completion remains subject to other conditions, including regulatory approvals, and is expected in the first half of 2027 or earlier; there is no financing condition. At closing, Marygold would become privately held and its common stock would no longer be listed on NYSE American. Separately, bylaws amendments effective September 24, 2026 add indemnification and exclusive-forum provisions and opt the company out of Nevada statutes governing acquisitions of controlling interests.
Marygold Companies, Inc. said its wholly owned Gourmet Foods Limited, through wholly owned Printstock Products Limited, agreed to sell substantially all assets of the Printstock business to TAG Investments Limited. The agreement sets a cash purchase price of NZ$2,450,000 (approximately US$1,400,000); final proceeds depend on the actual stock-in-trade value determined by a joint stock-take. The press release describes it as a minimum NZ$2,450,000 cash transaction.
TAG's due diligence and finance conditions must be satisfied within 20 working days after the September 22, 2026 agreement date; the landlord's written consent to the lease assignment is due within 10 working days after the later satisfaction or waiver. Upon the agreement becoming unconditional, TAG will deposit NZ$245,000 with Public Trust as stakeholder, credited at closing and subject to forfeiture if TAG fails to settle. Closing is expected on November 20, 2026 at 8:30 a.m., subject to the conditions and final deliverables. The agreement includes a five-year New Zealand restraint of trade. The company expects to record a gain and said financial services represented more than half of consolidated revenues.
Marygold Companies, Inc. (MGLD) seeks votes at its November 6, 2026 annual meeting to elect eight directors for one-year terms—Nicholas D. Gerber, David W. Neibert, Scott Schoenberger, James Alexander, Matt Gonzalez, Erin Grogan, Joya Delgado Harris and Derek Mullins—and ratify BPM LLP as independent registered public accounting firm for fiscal 2027. The Board recommends voting FOR both proposals.
At the September 8, 2026 record date, 42,978,290 votes were entitled to be cast, and 21,489,146 votes are required for a quorum. Gerber and Schoenberger may cast 23,449,118 votes, approximately 54.6% of the total. Marygold identifies as a controlled company and relies on exemptions from certain NYSE American board and committee independence requirements; five of eight directors are classified as independent.
Marygold completed its July 1, 2025 sale of Brigadier Security Systems (2000) Ltd. to SKCAL LLC, whose sole member is director Scott Schoenberger; proceeds were $2.3 million, cost basis was $1.7 million and gain was $0.6 million. Addenda effective August 17, 2026 provide that, following a change-in-control closing, David W. Neibert and Carolyn M. Yu generally remain employed 90 calendar days before a lump-sum payment equal to six months of annualized cash salary, excluding Company benefits.
Marygold Companies, Inc. (MGLD) reported fiscal 2026 results with revenue rising 8% to $25.3 million from $23.4 million in 2025, while narrowing the annual net loss to $4.4 million or $0.10 per share from $5.8 million or $0.14 per share.
Fourth-quarter revenue for the period ended June 30, 2026 increased 26% to $6.9 million, but the quarterly net loss widened to $3.7 million or $0.09 per share, mainly due to a $2.7 million write-off of intangible assets tied to the U.K. financial services business and a $0.9 million impairment of an illiquid investment.
At year-end 2026, stockholders’ equity was $19.2 million and total assets were $24.0 million, both down from $23.0 million and $30.4 million, respectively, as the company sold its Canadian security business, designated New Zealand subsidiaries as discontinued operations, and paused fintech operations in the U.S. and U.K. Management highlighted strong performance at USCF Investments, where revenue grew 23% on a 41% increase in average AUM to $4.1 billion, and noted that operational changes are intended to put the company on a path to profitability.
The Marygold Companies, Inc. (MGLD) reported higher revenue but continued losses for the year ended June 30, 2026. Revenue from continuing operations rose to $25.3 million from $23.4 million, driven mainly by related-party fund management fees, while assets under management at USCF Investments reached $5.1 billion.
The company recorded a net loss of $4.4 million (vs. $5.8 million in 2025) and a loss from continuing operations of $4.5 million, including $3.6 million of impairment charges on U.K. financial services goodwill/intangibles and a bank equity investment. Operating cash flow remained negative at $(2.3) million, and cash declined to $2.9 million from $5.1 million, while total assets fell to $24.0 million and equity to $19.2 million.
Strategically, Marygold is exiting non-core activities. It sold its Canadian security systems subsidiary Brigadier for $2.3 million, recognizing a gain, and classified its New Zealand Food Products segment as discontinued operations with $2.5 million of assets held for sale and modest profit. The auditor issued an unqualified opinion and highlighted legal contingencies as a critical audit matter; management disclosed various legal and regulatory proceedings with no accrual recorded and noted that adverse outcomes could materially affect results.
The Marygold Companies, Inc. reported much stronger results for the quarter ended March 31, 2026. Revenue for the third fiscal quarter rose 30.2% to $7.2 million from $5.5 million, while net income improved to $222,000, or $0.01 per share, from a loss of $1.0 million, or $0.02 per share, a year earlier.
For the first nine months of fiscal 2026, revenue increased to $18.4 million from $17.9 million and the net loss narrowed sharply to $0.7 million from $4.3 million, helped by a $0.5 million gain on the sale of the former Canadian subsidiary. The USCF Investments unit drove growth, with quarterly revenue up 55% to $6.3 million as average assets under management rose 81% to $4.7 billion, while reduced fintech spending supported profitability. At March 31, 2026, the company held $3.0 million in cash and cash equivalents, $7.9 million in investments, total assets of $28.1 million and stockholders’ equity of $22.9 million. Management is pursuing a sale of its New Zealand food and printing businesses, now classified as discontinued operations, to sharpen its focus on fund management and financial services.
The Marygold Companies, Inc. reported a sharp turnaround for the quarter ended March 31, 2026, moving to net income of $0.2 million from a loss of $1.0 million a year earlier. Revenue rose 30% to $7.2 million, driven mainly by higher fund management fees as average U.S. fund Assets Under Management increased to $4.7 billion from $2.6 billion.
Operating loss from continuing operations narrowed to $0.1 million from $1.6 million as the company benefited from higher AUM-based fees and lower spending after pausing U.S. fintech app development. For the nine months, the net loss improved to $0.7 million from $4.3 million, helped by reduced operating expenses and a $0.5 million gain on the sale of its Brigadier security systems subsidiary.
The company committed to divest its New Zealand Food Products segment, which is now classified as discontinued operations, marking a strategic shift toward fund management and financial services. Cash and cash equivalents declined to $3.0 million from $5.1 million at June 30, 2025, while all note payable debt was repaid and total liabilities fell to $5.2 million. Ongoing class and derivative litigation related to United States Oil Fund remains unresolved and could affect future results.
The Marygold Companies, Inc. reported fiscal second-quarter 2026 results for the period ended December 31, 2025. Revenue for the quarter was $7.6 million, slightly below $8.0 million a year earlier, which had included $0.6 million from Brigadier Security Systems sold in July 2025 for $2.5 million.
The quarterly net loss narrowed to $0.6 million, or $0.01 per share, from a $1.7 million loss, or $0.04 per share, driven by reduced fintech development and marketing spending and the elimination of interest-bearing debt service. For the first six months, revenue was $14.6 million versus $15.9 million, while the net loss improved to $0.9 million from $3.3 million, aided by a $0.5 million gain on the Brigadier sale.
At December 31, 2025, cash and cash equivalents were $4.1 million, total assets $27.8 million, stockholders’ equity $22.7 million, and the company reported no debt. Management highlighted a new ETF (ticker WTIB) launched on NYSE Arca, modest growth in its U.K. mobile fintech app, and continued profitability at its Original Sprout subsidiary.
The Marygold Companies, Inc. reported lower revenue but a much smaller loss for the quarter ended December 31, 2025. Quarterly revenue was $7.6 million, down from $8.0 million a year earlier, mainly from the sale of its security systems unit and slightly lower fund management fees.
Net loss for the quarter improved to $0.6 million (loss of $0.01 per share) from $1.7 million (loss of $0.04 per share). For the six months, revenue was $14.6 million versus $15.9 million, while net loss narrowed to $0.9 million from $3.3 million as the company cut operating expenses, paused U.S. fintech app development, and benefited from a gain on the sale of Brigadier and lower interest expense after fully repaying its secured note.