<a href="https://laohu8.com/S/MCVT">Mill City Ventures III</a> Ltd. Announces $450 Million Private Placement to Launch Sui Treasury <a href="https://laohu8.com/S/MSTR">Strategy</a>
Mill City Ventures III Ltd. has announced a private placement involving the issuance of 83,025,830 shares of common stock at $5.42 per share, aiming for gross proceeds of approximately $450 million. The funds will primarily support Mill City's new Sui Treasury Strategy, with 98% of the net proceeds allocated to acquiring SUI, the native cryptocurrency of the Sui blockchain, and 2% directed towards its short-term lending business. This strategic move is supported by prominent industry players, including Big Brain Holdings and Galaxy Digital Inc. Marius Barnett and Stephen Mackintosh from Karatage are set to take on leadership roles within the company. The closing of the offering is anticipated around July 31, 2025, pending customary conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mill City Ventures III Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250728220301) on July 28, 2025, and is solely responsible for the information contained therein.
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