Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Market
for our Shares
Our
common stock trades on the NYSE American, LLC stock exchange (“NYSE American”) under the symbol
“MGLD.”
The Company’s existing transfer agent and
registrar is Equiniti Trust LLC, which is expected to remain in place until October 23, 2026. On that date, Broadridge Corporate
Issuer Solutions will take over as the Company’s transfer agent and registrar.
Holders
On
August 10, 2026, there were 357 holders of record of our shares of common stock. In addition, we have an aggregate of 13,302 shares of
Series B Preferred Stock held by two entities that entitle such holders to convert each share of Series B Preferred Stock into 20 shares
of common stock and to vote such shares on an “as if converted” basis.
Dividends
We
have never declared or paid a cash dividend on our common stock or preferred stock and do not anticipate paying cash dividends on our
common stock in the foreseeable future. Payment of future cash dividends, if any, will be at the discretion of our Board of Directors
and will depend on our financial condition, results of operations, contractual restrictions and covenants included under any bank or
other indebtedness that we may enter into, capital requirements, business prospects and other factors that our Board of Directors considers
relevant.
Our
ability to pay dividends is subject to limitations under Nevada law. Under Nevada law, dividends may be paid to the extent that a corporation’s
assets exceed its liabilities and it is able to pay its debts as they become due in the usual course of business. Under Nevada law, a
company can pay dividends only:
●
from
retained earnings, and
●
no
distribution can be made, if after giving it effect, the corporation would not be able to pay its debts as they become due in the
usual course of business; or
●
except
as otherwise specifically allowed by the articles of incorporation, the corporation’s total assets would be less than the sum
of its total liabilities plus the amount that would be needed, if the corporation were to be dissolved at the time of distribution,
to satisfy the preferential rights upon dissolution of stockholders whose preferential rights are superior to those receiving the
distribution.
Our
strategy on dividends is to declare and pay dividends only from retained earnings and only when our Board of Directors deems it prudent
and in the best interests of the Company to declare and pay dividends.
Recent
Sales of Unregistered Securities; Shares Issued for Services; Outstanding Stock Options
All
information required by Item 701 of Regulation S-K regarding unregistered sales of equity securities during the fiscal year has been
previously disclosed in the Company’s Forms 10-Q filed with the SEC.
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ITEM
6. [RESERVED]