** Marygold Companies MGLD.A shares plunge 30.6% to $1.09 in premarket trading
** MGLD late Sunday priced its stock offering of roughly 2.1 mln shares at $1.10 each for gross proceeds of $2.25 mln
** Offering priced at a 30% discount to the last close
** MGLD has 40.2 mln outstanding shares for $63.1 mln market capitalization - LSEG data
** Maxim Group was the sole book-running manager for the offering
** Co intends to use a portion of the net proceeds from the offering to cut debt and other purposes
** MGLD shares soared 66% in 2024
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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