Mill City Ventures Announces $500 Million Equity Line Agreement to Accelerate Growth of Sui Treasury Strategy
Mill City Ventures III, Ltd. ("Mill City" or the "Company") (
NASDAQ: MCVT) today announced it has entered into an equity line agreement with A.G.P./Alliance Global Partners, as Investor, enabling Mill City to sell up to $500 million of the Company’s common stock at the Company’s sole discretion, subject to certain restrictions and closing conditions. Any proceeds from the equity line, which included no commitment fee, will be used to further the Company’s SUI treasury strategy.
Mill City Ventures Successfully Closes $450 Million Private Placement, Commences SUI Treasury Strategy
Mill City Ventures III, Ltd. ("Mill City" or the "Company") (
NASDAQ: MCVT) today announced the successful closing of its $450,000,000 private investment in public equity and has commenced implementation of its industry-first Sui blockchain treasury strategy.
Mill City Ventures III, Ltd. Announces $450,000,000 Private Placement to Initiate Sui Treasury Strategy
Mill City Ventures III, Ltd. ("Mill City" or the “Company”) (
NASDAQ:MCVT), a non-bank lender and specialty finance company, today announced that it has entered into securities purchase agreements (the “Securities Purchase Agreements”) for a private investment in public equity for the purchase and sale of 83,025,830 shares of common stock (or common stock equivalents in lieu thereof) at a price of $5.42 per share for expected aggregate gross proceeds of approximately $ 450,000,000, before deducting placement agent fees and other offering expenses (the “Private Placement”, or the “Offering”).
