MGLD News

Companies have broadly put listing plans on hold amid the worst IPO sell-off in over a decade, but small issuers are still on the move. So far, 21 of the year’s 34 IPOs (62%) have raised less than $50 million, the highest concentration in over a decade. Sub-$50 million IPOs have historically accounted for less than one-quarter of activity. Small issuers are on track to...read more

The IPO market was quiet again this past week with just three SPAC pricings. Pipeline activity picked up slightly from recent weeks, as four IPOs and three SPACs submitted initial filings. Three SPACs came to market: Lakeshore Acquisition II (LBBBU), the second SPAC founded by Chinese investor Bill Chen, raised $60 million; ...read more

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...read more

The Marygold Companies, a holding company with subsidiaries in fund management, food and beauty products, and security, lowered the proposed deal size for its upcoming NYSE American uplisting on Thursday. The San Clemente, CA-based company now plans to raise $3 million by offering 1.3 million shares at $2.25, below the last close of its shares on the OTC Pink (CNCG; $3). The...read more