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Marygold Companies, Inc. ( (MGLD) ) has provided an update.
The Marygold Companies, Inc. has secured a $4.38 million funding through a private placement with Streeterville Capital, LLC, with potential for a total of $6.56 million to support the launch and marketing of its fintech mobile application developed by its subsidiary, Marygold & Co. This application offers a digital alternative to traditional banking, allowing users to manage finances without fees and is already available in the U.S. The company, which has invested heavily in the app’s development, plans to expand its reach in both the U.S. and the U.K. Maxim Group LLC acted as the placement agent for this transaction, with additional funding and the potential to reinvest up to $10 million under certain conditions.
See more data about MGLD stock on TipRanks’ Stock Analysis page.
