The Marygold Companies, Inc. (aka Concierge Technologies, Inc.)
General Information | |
Business: | (Note: IPOScoop has NO CALL on this deal because it NOT an IPO. It is an NYSE – American uplisting from the OTC Pink market, where the company’s common stock trades under the symbol “CNCG.” From the prospectus: “Our estimated offering price is $2.25, below the last reported sale price of our stock at $3.00 on the OTC Pink on Feb. 28, 2022.) Note: The company priced its public offering and announced its NYSE-American uplisting on March 9, 2022, along with the change of its name to The Marygold Companies, Inc., from Concierge Technologies, Inc. The name change was effective March 10, 2022, the trading date of its shares on the NYSE-American exchange. **Note: The public offering was priced at $2 – below the $2.75 last closing price of its stock on the OTC Pink Market – and more stock was priced – 1.65 million shares, up from 1.33 million in the recently downsized terms in the prospectus – to raise $3.3 million. The company, a Nevada corporation, operates through its wholly owned subsidiaries engaged in varied business activities:
(The background on this public offering: The Marygold Companies, Inc., also known as Concierge Technologies, slashed the size of its NYSE-American uplisting on March 3, 2022, in an S-1/A filing, to 1.33 million shares, down from 2.39 million shares, and cut its assumed offering price to $2.25 per share, down from $3.35 per share, to raise $2.99 million. That downsizing represented a 62.7 percent cut in terms of estimated proceeds of the offering from its initial estimate of $8.01 million.)
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Industry: | Investment services - FinTech & Other |
Employees: | 114 |
Founded: | 1996 |
Contact Information | |
Address | 120 Calle Iglesia Unit B San Clemente, CA 92672 |
Phone Number | 949-429-5370 |
Web Address | |
View Prospectus: | The Marygold Companies, Inc. (aka Concierge Technologies, Inc.) |
Financial Information | |
Market Cap | $48.5mil |
Revenues | $39.9 mil (last 12 months) |
Net Income | $5.9 mil (last 12 months) |
IPO Profile | |
Symbol | MGLD |
Exchange | NYSE - American |
Shares (millions): | 1.7 |
Price range | $2.00 - $2.00 |
Est. $ Volume | $3.3 mil |
Manager / Joint Managers | Maxim Group |
CO-Managers | - |
Expected To Trade: | 3/10/2022 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |