WAYZATA, Minn., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) today announced financial and operating results for the three months ended June 30, 2025, from its legacy commercial short-term non-bank lending and specialty finance business. The Company is also providing an update on recent developments, including its launch of the first publicly traded, Foundation-backed SUI treasury strategy on July 31, 2025, and subsequent events. The Company intends to continue its existing commercial short-term non-bank lending and specialty finance business. Since launching the industry's first SUI treasury strategy, under which the principa

MCVT (NASDAQ:MCVT) (the "Company" or "MCVT"). Key Highlights: Treasury: MCVT held 81,871,794 SUI as of August 10, 2025. Since last update 5,600,607 SUI have been purchased at an average price of $3.65 per SUI. Net Asset Value: Using the August 10, 2025 price of $3.85 per SUI, the 81,871,794 SUI are valued at $316 million. SUI per Share: Using 89.08 million shares issued and outstanding on August 10, 2025, MCVT has approximately 0.92 SUI per common share, or $3.54 per common share. Staking: Substantially all of the Company's SUI is now being staked, earning a ~3% yield. The current estimated daily yield is approx. $26,000. Valuation: Using the closing price of

With Galaxy as Asset Manager and Investor, Mill City to Scale SUI Treasury for the Long-Term $450 Million SUI Treasury Marks Largest on the Public Markets Today, Only Foundation-Supported Treasury Strategy Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT), the only publicly traded SUI treasury, today announced a strategic partnership with leading digital asset firm Galaxy Digital Inc. (NASDAQ/TSX:GLXY). Galaxy Asset Management, a division of Galaxy Digital, will serve as the asset manager for the $450 million SUI treasury strategy at Mill City, the largest SUI treasury on the public markets today. Galaxy Digital is also a significant investor in Mill City and p

Provides Clear Pathway for Raising Additional Cost-Effective Capital as Mill City Scales Publicly Traded SUI Treasury 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. Stephen Mackintosh, Chief Investment Officer of Mill City, stated, "This equity line is intende

Company now the first publicly-traded SUI treasury with Sui Foundation backing Deployment of capital begins immediately with industry-first relationship providing institutional-grade access to blockchain built for mass adoption Karatage co-founders Marius Barnett and Stephen Mackintosh become Chairman of the Board and Chief Investment Officer, respectively 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. Karatage Opportunities ("Karatage"), the London-based proprietary hedge fu

Upon the closing of the Private Placement, Mill City will adopt a Sui Treasury Strategy Mill City intends to continue its short-term non-bank lending and specialty finance business Marius Barnett and Stephen Mackintosh, Co-founders of Karatage, will become Chairman of the Board of Directors of the Company and Chief Investment Officer of the Company, respectively, effective upon the closing of the Private Placement Industry-First Relationship with Sui Foundation Provides Institutional-Grade Gateway for Exposure to Only Blockchain Built for Mass Adoption Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT), a non-bank lender and specialty finance company, today an

MINNEAPOLIS, MN / ACCESSWIRE / January 13, 2025 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today certain select data from its 2024 short-term lending operations.Mill City's short-term loan activity in fiscal year 2024 included the following:$17,145,000 in principal amount of loan extensions for six loans$4,550,000 in principal amount for four new short-term loans$8,507,500 in principal amount of maturities for seven short-term loansThe four new short-term loans originated during the year have a weighted-average yield (excluding all applicable fees) of 27.49% per annum."With approximately $6M of current liquidity and

MINNEAPOLIS, MN / ACCESSWIRE / January 6, 2025 / Mill City Ventures III, Ltd. (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today its partial funding commitment of a $3 million aggregate loan commitment with a fast-growing Twin Cities-based operator of senior care facilities. The use of proceeds is to fund a short-term capital need while the operator/borrower seeks to obtain one or more longer-term sources of expansion capital."We are pleased to continue our lending relationship with Coventry Holdings of Minnesota, LLC. The commitment is made to allow Coventry to continue working toward their expansion plans of an additional seven facilities over the next couple o

MINNEAPOLIS, MN / ACCESSWIRE / November 12, 2024 / Mill City Ventures III, Ltd. (NASDAQ:MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced financial results for the three-month and nine-month periods ended September 30, 2024.3Q 2024 HighlightsPre-tax earnings from lending operations increased in the third quarter to $589,283 from $305,960 in the prior-year period, a 93% increase. In the nine-month period, pre-tax earnings reached $1.26 million compared to a loss of $(277,763) in the prior-year period resulting in a net earnings of $0.20 earnings per share compared to a loss of $(0.04) per share in the prior-year period.Investment income from l

MINNEAPOLIS, MN / ACCESSWIRE / October 16, 2024 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT), a non-bank lender and specialty finance company, today announced the Company's Board of Directors has approved a stock repurchase program up to $2,000,000 for its common stock. Acquisitions pursuant to this stock repurchase program may be made through a combination of open market repurchases in compliance with Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, privately negotiated transactions, and/or other transactions at the Company's discretion."Our stock buyback initiative reflects our firm commitment to maximizing shareholder value in a

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SC 13D/A - Mill City Ventures III, Ltd (0001425355) (Subject)

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SCHEDULE 13D/A - Mill City Ventures III, Ltd (0001425355) (Subject)

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