Mill City Ventures III, Ltd. Announces $450 Million Private Placement to Launch Sui Financial Strategy
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最新报道：According to Businesswire, on July 28, non-bank lender and financial company Mill City Ventures III, Ltd. (NASDAQ:MCVT) announced that it has signed a securities purchase agreement to invest in public equity in a private placement, purchasing and selling 83,025,830 shares of common stock at $5.42 per share, with an estimated total proceeds of approximately $450 million (excluding placement agent fees and other issuance expenses). Hedge fund Karatage served as the main investor, and Sui Foundation also provided an equal investment. The offering is expected to be completed around July 31, 2025. The company plans to use approximately 98% of the net proceeds from the private placement to acquire SUI (the native token of the Sui blockchain) and approximately 2% of the net proceeds from the private placement to support the company's short-term loan business. SUI will serve as the company's main financial reserve asset.
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