MGLD news

Marygold Companies has entered into a definitive merger agreement with funds managed by Madison Dearborn Partners, supported by a majority of shareholders, to be acquired for $2.00 per share. The completion of this M&A transaction will drive the Company's governance and business structure.

Marygold narrowed its net loss to $0.10 per share and grew revenue to $25.3 million, driven primarily by USCF Investments. While the company [1]recorded substantial non-cash write-offs[1], it has positioned itself for long-term profitability by refocusing on core businesses and selling non-core asse…