Welcome to our dedicated page for Mill City Ventur news (Ticker: MCVT), a resource for investors and traders seeking the latest updates and insights on Mill City Ventur stock.
Mill City Ventures III Ltd (MCVT) delivers specialty finance solutions through secured, short-term lending arrangements. This news hub provides investors and stakeholders with comprehensive updates on the company's financial activities and market position.
Access timely updates including earnings reports, strategic partnerships, and regulatory filings. Our curated collection offers essential insights into MCVT's asset-backed lending operations and risk management practices.
Key coverage areas include quarterly financial results, loan portfolio expansions, executive leadership updates, and industry-specific developments. All content maintains factual accuracy while avoiding speculative analysis.
Bookmark this page for streamlined access to MCVT's evolving story in non-bank lending. Verify critical information directly from source materials while tracking the company's progress in specialty finance markets.
Mill City Ventures (NASDAQ: MCVT) has successfully completed a $450 million private placement and launched its Sui blockchain treasury strategy. The company has acquired 76,271,187 SUI tokens at an average price of $3.6389 per token through an OTC agreement with the Sui Foundation.
Karatage Opportunities, led by Marius Barnett and Stephen Mackintosh, acted as lead investor alongside the Sui Foundation. Notable investors included Galaxy Digital, Pantera Capital, and other prominent firms. Barnett has been appointed as Chairman of the Board, while Mackintosh becomes Chief Investment Officer.
The company will dedicate approximately 98% of the net proceeds to SUI acquisition and treasury management, becoming the first publicly-traded SUI treasury with Sui Foundation backing. Galaxy Asset Management will serve as the Asset Manager.
Mill City Ventures III (NASDAQ:MCVT) has announced a significant $450 million private placement at $5.42 per share, involving the sale of 83,025,830 shares. The placement is led by Karatage Opportunities and Sui Foundation, with participation from notable firms including Galaxy Digital, Pantera Capital, and others.
The company plans to use 98% of proceeds to acquire SUI tokens as its primary treasury reserve asset, while 2% will fund its short-term lending business. Upon closing, expected around July 31, 2025, Karatage co-founders Marius Barnett and Stephen Mackintosh will assume positions as Chairman and Chief Investment Officer, respectively.
This strategic pivot establishes Mill City as the sole SUI treasury with Sui Foundation support, providing institutional-grade exposure to the Sui blockchain ecosystem through a publicly traded structure.
Mill City Ventures III (NASDAQ:MCVT), a non-bank specialty finance company, has announced two significant lending developments. The company has successfully amended a $2.5 million credit facility, increasing the interest rate from 15% to 24% and extending its maturity date. Additionally, Mill City has funded a new $400,000 secured short-term loan with a 24% interest rate.
CEO Douglas M. Polinsky emphasized the company's focus on maintaining disciplined underwriting standards while pursuing strong risk-adjusted returns. Mill City continues to see robust demand for its short-term capital solutions across various sectors, including real estate, small business lending, and opportunistic credit.
Mill City Ventures III (NASDAQ:MCVT), a non-bank lender and specialty finance company, reported strong Q1 2025 financial results. The company's net increase in assets from operations grew 18% to $451,746 from $382,103 in the prior year. Net asset value per share increased to $3.23 from $3.09 at the end of 2024.
During Q1, Mill City originated $3.25M in new short-term real estate loans and repurchased 322,482 shares for approximately $630,000 under its buyback program. CEO Douglas Polinsky expressed optimism for 2025, citing healthy investment income, strong credit performance, and continued loan demand.
Mill City Ventures III (NASDAQ:MCVT) has provided a $1.75 million short-term loan to Coventry Holdings of Minnesota for acquiring a senior-living facility in Anoka, Minnesota. The loan agreement, dated March 21, 2025, features:
- 24% annual interest rate
- 9-month maturity period
- Secured by personal guarantees and equity pledges
Coventry Holdings currently operates 18 senior care facilities in the Twin Cities, offering memory care, hospice care, respite care, and spiritual care services. Mill City reports strong deal flow in 2025 and continues to evaluate financing opportunities across adjudicated settlements, secured lending, and real estate-backed deals, alongside potential equity investments.
Mill City Ventures III (Nasdaq: MCVT) reported its full-year 2024 financial results, showcasing significant improvements in several key metrics. The non-bank lender achieved a net investment gain of $1.33 million, reversing a $420,000 loss from 2023. Investment income remained stable at $3.30 million.
The company demonstrated strong cost management, reducing operating expenses by 47% to $1.98 million in 2024 from $3.72 million in 2023. While loan revenue slightly decreased to $2.76 million from $2.84 million, the company strategically shifted to fewer but larger loans, processing 10 loans in 2024 compared to 26 in 2023.
A notable achievement was the substantial increase in cash reserves, which grew from $376,000 in 2023 to $6.03 million in 2024, strengthening the company's liquidity position.
Mill City Ventures III (NASDAQ:MCVT) has provided an additional $1 million advance to Coventry Holdings of Minnesota, under their short-term credit and security agreement. The funding will support startup and construction costs for a new senior care project while Coventry seeks long-term financing.
The loan demonstrates Mill City's ongoing partnership with Coventry, which operates 17 senior care facilities in the Minneapolis-St. Paul area. CEO Douglas M. Polinsky highlighted that these short-duration loans are generating gross returns exceeding 25% for Mill City shareholders.
The company reports increased funding demand since early 2025 and continues to pursue various opportunities including asset-backed loans, working capital funding, and real estate-based loans.
Mill City Ventures III (NASDAQ:MCVT) has secured a second-position lien on Mustang Funding's assets as collateral for a $10 million loan. The Security Agreement, effective January 24, 2025, was established through an Amended and Restated Subordination and Intercreditor Agreement with Mustang Funding's senior lender.
The loan, initially disbursed between December 2022 and September 2023, has undergone multiple amendments to accommodate business requirements. The collateral arrangement ensures protection of Mill City Ventures' interests while allowing Mustang Funding to maintain access to operational capital.
This agreement aligns with Mill City Ventures' focus on risk-managed, short-term commercial lending strategies and structured finance approach, emphasizing secure, high-yield returns through asset-backed financing.
Mill City Ventures III (NASDAQ: MCVT) has announced the execution of Amendment No. 5 to its Fourth Short-Term Loan Agreement and Promissory Note with Mustang Funding, . The amendment, effective January 21, 2025, includes key changes to the loan terms:
The maturity date has been extended to March 28, 2027, and the annual interest rate structure has been modified to 20%, split between 15% payable in cash monthly and 5% deferred until maturity or earlier acceleration.
According to CEO Douglas M. Polinsky, these amendments align with Mill City's strategic objectives and demonstrate their commitment to fostering beneficial partnerships while optimizing shareholder returns.
Mill City Ventures III (NASDAQ: MCVT), a non-bank lender and specialty finance company, has released select data from its 2024 short-term lending operations. The company reported $17,145,000 in loan extensions across six loans, $4,550,000 in new loans across four borrowers, and $8,507,500 in loan maturities for seven loans.
The four new short-term loans generated during the year achieved a weighted-average yield of 27.49% per annum, excluding fees. The company maintains approximately $6 million in current liquidity and reports growing demand from both existing and potential borrowers. Management expressed optimism for 2025 and plans to continue focusing on increasing the weighted-average interest rate of their short-term loan portfolio.
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