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Nicholas & Melinda Gerber Living Trust, a director, officer, and 10% owner of Marygold Companies, Inc (NASDAQ:MGLD), recently purchased 50,000 shares of the company’s common stock. The shares were bought at a price of $0.9969, for a total transaction value of $49,845.
Following this transaction, the Trust now directly owns 18,690,773 shares of Marygold Companies, Inc. The company, with a market capitalization of approximately $39 million, maintains strong liquidity with a current ratio of 2.68. Unlock more insights and exclusive financial metrics with InvestingPro, including additional ProTips and detailed valuation analysis.
In other recent news, The Marygold Companies, Inc. announced an agreement to sell its Canadian subsidiary, Brigadier Security Systems Ltd., to SKCAL LLC for approximately $2.2 million. The transaction is expected to close around July 1, 2025, and involves selling the Saskatoon-based security solutions provider to a company owned by a director and 11% shareholder of The Marygold Companies. CEO Nicholas Gerber mentioned that the sale aligns with the company’s strategy to focus on financial services. The Marygold Companies has owned Brigadier since 2016, offering security solutions to various sectors in Saskatchewan. The transaction is subject to several conditions, including due diligence, board approval, and a fairness opinion. Proceeds from the sale are planned to be used to reduce corporate debt and for general corporate purposes. These developments were detailed in a press release from The Marygold Companies.
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