05:08 PM EDT, 09/24/2024 (MT Newswires) -- The Marygold ( MGLD ) said Tuesday it raised about $4.4 million in funding as part of a $6.6 million private placement with Streeterville Capital.

The investment is through the sale of a secure promissory note of the company, The Marygold ( MGLD ) added.

Net proceeds from the private placement will be used to implement next-stage initiatives including marketing of the company's fintech application, according to Marygold ( MGLD ).

Shares of the company were up 1.8% in recent after-hours activity.

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