The Marygold Companies Acquires Ownership Stake in Savings and Loan Association Holding Company
The Marygold Companies, Inc. (MGLD)
Company Research
Source: Business Wire
-$1.8 Million Investment Affirms Marygold’s Corporate Strategy of Focusing on Financial Services/Fintech Sector- SAN CLEMENTE, Calif.--(BUSINESS WIRE)--The Marygold Companies, Inc. ("TMC" or the "Company") (NYSE American: MGLD), a diversified global holding firm, today announced it has acquired a 7.95% ownership position, investing $1.8 million, in Delaware based Midland Capital Holdings Corporation (MCHC), a privately owned holding company whose principal operating entity is Midland Federal Savings and Loan Association (“Midland Federal”), headquartered in Bridgeview, Illinois.Operating continuously in the greater Chicago area since 1914, Midland Federal has total assets of approximately $115 million, with four full-service branch offices—two in Chicago, and in nearby Bridgeview and Homer Glen, Illinois.As part of the transaction, TMC also holds 180,044 warrants to purchase 180,044 additional shares of MCHC at an exercise price of $22.25. The warrants expire on February 27, 2034.“
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MGLD
Sec Filings
- 9/24/24 - Form 8-K
- 9/23/24 - Form DEF
- 9/18/24 - Form 10-K
- MGLD's page on the SEC website