Marygold Companies, Inc. Announces Sale of Printstock Business for NZ$2.45M

What Happened

• Marygold Companies, Inc. (via wholly owned Gourmet Foods Limited and its subsidiary Printstock Products Limited) announced a definitive Agreement for Sale and Purchase of a Business dated September 22, 2026, to sell substantially all assets of Printstock to TAG Investments Limited. The announced cash purchase price is NZ$2,450,000 (approximately US$1,400,000). The Company filed the 8-K and a press release on September 24, 2026.

Key Details

• Purchase price: NZ$2,450,000 (≈US$1.4M); final cash proceeds will be adjusted at closing based on a joint stock-take of inventory.
• Deposit and stakeholder: TAG will deposit NZ$245,000 (10% of the purchase price) with Public Trust upon the Agreement becoming unconditional; deposit credited at closing and may be forfeited if TAG fails to settle.
• Timing and conditions: TAG’s due diligence and financing conditions are to be satisfied within 20 working days; landlord’s written consent to lease assignment required within 10 working days thereafter; closing is expected November 20, 2026 (8:30 a.m.), subject to conditions and final deliverables.
• Post-closing restraint: a five-year non-compete in New Zealand applies to Printstock and covenantors Bryce Cole, David Neibert and Nicholas Gerber; David Neibert and Nicholas Gerber are officers of Marygold.

Why It Matters

• The transaction converts Printstock’s business assets into a near-term cash payment (subject to inventory adjustment and closing conditions), which could affect Marygold’s cash position and consolidated results once completed.
• Closing is not guaranteed; it depends on due diligence, financing, landlord consent and other closing deliverables, and the company notes these are forward-looking statements subject to risks described in its SEC filings.
• The five-year restraint prevents certain former Printstock principals (including two company officers) from competing in New Zealand, which may help protect the business value being transferred to TAG.