Monitor for regulatory approvals (FCA, fund board/shareholder approvals) and the information statement mailing. The 20-day waiting period post-mailing and H1 2027 close timeline provide a clear catalyst path. Any delays in regulatory approvals could widen the spread.
Price Chart
Executive Summary
Madison Dearborn Partners (MDP) has agreed to acquire Marygold Companies (MGLD) for $2.00 per share in cash, a 100% premium to the unaffected closing price of $1.00 on September 24, 2026. Stockholders representing ~75% of voting power have already delivered written consent, satisfying the stockholder approval condition. The transaction is expected to close in H1 2027, subject to regulatory approvals and other customary conditions.
Key Financial Metrics
Key Facts
- MDP to acquire MGLD for $2.00/share all-cash, a 100% premium to the $1.00 closing price on Sept 24, 2026.
- Stockholders owning ~75% of voting power have already approved via written consent; no further stockholder vote needed.
- MDP will provide capital to scale USCF, MGLD's ~$6B AUM commodity ETF subsidiary.
- Tim Rotolo, incoming CEO, has 15+ years of ETF experience including scaling URNM to $1B+.
- Transaction expected to close H1 2027; not subject to financing condition.
- Company termination fee of ~$2.6M payable in certain circumstances.
Financial Impact
All-cash acquisition at $2.00/share, representing a 100% premium over the unaffected share price. Total equity value of approximately $85.96M based on 42.98M shares outstanding.
Risk Factors
- Failure to obtain FCA approval for UK subsidiary divestiture or change of control.
- Failure to obtain fund board and shareholder approvals for advisory agreements.
- Regulatory or legal challenges delaying or blocking the merger.
- Material adverse change or failure to satisfy other closing conditions.
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-044491 |
| Exhibit: ex10-1.htm | 0001493152-26-044491 |
| Exhibit: ex3-1.htm | 0001493152-26-044491 |
| Exhibit: ex99-1.htm | 0001493152-26-044491 |
| Document: form8-k.htm | 0001493152-26-044491 |
| Document: 0001493152-26-044491-index-headers.html | 0001493152-26-044491 |
| Document: 0001493152-26-044491-index.html | 0001493152-26-044491 |
| Document: 0001493152-26-044491.txt | 0001493152-26-044491 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 27d ago | 8-K | $1.95 $2.02 | ▲ +3.59% | ▲ +3.41% | $1.97 (+1.03%) |
Sep 28, 2026 29d ago | 8-K | $1.97 $1.98 | ▲ +0.51% | ▲ +0.69% | $1.97 (+0.00%) |
Sep 24, 2026 4w ago | DEFA14A | $1.93 $1.97 | ▲ +2.07% | ▲ +2.82% | $1.97 (+2.07%) |
Sep 24, 2026 4w ago | 8-K | $1.00 $1.93 | ▲ +93.00% | ▲ +92.46% | $1.97 (+97.00%) |
Sep 23, 2026 4w ago | DEF 14A | $0.9600 $1.00 | ▲ +4.17% | ▲ +4.25% | $1.97 (+105.21%) |
Sep 21, 2026 5w ago | 8-K | $0.9850 $0.9600 | ▲ +2.54% | ▲ +2.52% | $1.97 (−100.00%) |
May 12, 2026 24w ago | 8-K | $1.05 $1.09 | ▲ +3.81% | ▲ +3.23% | $1.97 (+87.62%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers