[8-K] Mill City Ventures III, Ltd. Reports Material Event

Rhea-AI Filing Summary

Rent the Runway, Inc. (RENT) – Form 144 filing: An affiliate plans to sell 4,544 Class A shares through Morgan Stanley Smith Barney on 01-Aug-2025 via NASDAQ. The estimated aggregate market value is $25,764.48, implying a reference price of about $5.67 per share. Total Class A shares outstanding are disclosed as 3,866,254; the proposed sale represents roughly 0.12 % of that float.

The shares were acquired from the issuer upon vesting of restricted stock units on 29-Oct-2021 (94 shares) and 11-Jul-2023 (4,450 shares) in exchange for services rendered. Over the past three months, the same seller disposed of 9,665 shares for gross proceeds of $44,403.48 (3,313 shares on 02-May-2025 and 6,352 shares on 17-Jun-2025).

No material adverse information is asserted by the filer, and the representation conforms to Rule 10b5-1 requirements. No financing arrangements or non-cash considerations are noted.

Positive

• None.

Negative

• Insider selling continues, with 4,544 shares planned and 9,665 shares sold in the past three months, which some investors may view as a bearish sentiment indicator.

Insights

Financial Analyst

TL;DR: Small Rule 144 insider sale (0.12 % float) — modest signal, limited market impact.

The filing shows a proposed disposition of 4,544 shares worth roughly $26k, following 9,665 shares sold in the prior quarter. While insider selling can be viewed cautiously, the volumes are immaterial relative to the 3.87 M Class A shares outstanding and do not suggest a significant change in ownership or confidence. The stock could face marginal technical pressure on the execution date, but fundamental valuation should remain unaffected. Aggregate proceeds year-to-date total about $70k, indicating orderly liquidity rather than large-scale exit.

Corporate Governance Specialist

TL;DR: Routine 10b5-1-style sale from equity compensation; governance risk low.

The shares stem from RSU vesting under the company’s incentive plan, and the signer attests to possessing no undisclosed adverse information. The structured timing aligns with Rule 10b5-1 safe-harbor practices. No related-party transactions, debt pledges, or unusual payment structures are disclosed. Consequently, governance red flags are minimal, though investors may track cumulative sales for sentiment.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

August 1, 2025

Date of Report (Date of earliest event reported)

MILL CITY VENTURES III, LTD.

(Exact Name of Registrant as Specified in its Charter)

Minnesota		001-41472		90-0316651
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

1907 Wayzata Boulevard, Suite 205 Wayzata, MN		55391
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (952) 479-1923

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		MCVT		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

Securities Purchase Agreements

On August 1, 2025, Mill City Ventures III, Ltd. a Minnesota corporation (the “Company”) entered into a Common Stock Purchase Agreement (the “Purchase Agreement”) with A.G.P./Alliance Global Partners (the “Investor”), pursuant to which the Company shall have the right, but not the obligation, to direct the Investor to purchase the lesser of (i) $500,000,000 (the “Total Commitment Amount’) or (ii) the Exchange Cap, which shall be the number of shares not to exceed 19.99% of the Company’s shares of common stock, par value $0.001 per share (“Common Stock”), outstanding on August 1, 2025, unless the Company’s stockholders have approved the issuance of Common Stock in excess of the Exchange Cap, upon satisfaction of certain terms and conditions contained in the Purchase Agreement, including, but not limited to, an effective registration statement filed with the U.S. Securities and Exchange Commission (“SEC”). The Company has the right, but not the obligation, to issue and sell to the Investor Common Stock at a per share purchase price equal to the volume-weighted average price (“VWAP”) for the applicable period as calculated pursuant to the Purchase Agreement, multiplied by 95%. The Agreement shall terminate at the earlier of the first anniversary of the Purchase Agreement, the date the Investor shall have purchased shares of Common Stock equal to the Total Commitment Amount, or as otherwise provided in the Purchase Agreement.

The proceeds from the sales by the Company to the Investor shall be used by the Company in the manner as will be set forth in the Prospectus included in any Registration Statement (and any post-effective amendment thereto) and any Prospectus supplement thereto filed pursuant to the Registration Rights Agreement.

The Common Stock is being offered pursuant to the exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) and Rule 506(b) of Regulation D promulgated thereunder, and applicable state securities laws.

Registration Rights Agreement

Concurrent with the Purchase Agreement, on August 1, 2025, the Company and the Investor entered into a Registration Rights Agreement (the “Registration Rights Agreement”) pursuant to which the Company agreed to file a registration statement (the “Resale Registration Statement”) providing for the resale of the shares of Common Stock that may be purchased by the Investor pursuant to the Purchase Agreement within nine (9) days of execution of the Registration Rights Agreement and to have such Resale Registration Statement declared effective with 60 days of the filing date, and to maintain the effectiveness of such Resale Registration Statement.

The foregoing summaries of the Purchase Agreement and the Registration Rights Agreement do not purport to be complete and are qualified in their entirety by reference to the complete text of those agreements, which are attached hereto as Exhibits 10.1 and 10.2 respectively, to this Current Report on Form 8-K and are hereby incorporated by reference into this Item 1.01.

Item 3.02 Unregistered Sale of Equity Securities.

The information contained above in Item 1.01 relating to the issuance of the shares of Common Stock is hereby incorporated by reference into this Item 3.02.

Neither this Current Report on Form 8-K nor any exhibit attached hereto is an offer to sell or the solicitation of an offer to buy shares of Common Stock or other securities of the Company.

Item 8.01 Other Events.

On August 1, 2025, the Company issued a press release announcing its entrance into the Purchase Agreement. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this Item 8.01 by reference.

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Item 9.01 Financial Statements and Exhibits

(a) Exhibits

Number		Description
10.1		Common Stock Purchase Agreement, dated as of August 1, 2025, between Mill City Ventures III, Ltd. and A.G.P./Alliance Global Partners
10.2		Registration Rights Agreement, dated as of August 1, 2025, between Mill City Ventures III, Ltd. and A.G.P./Alliance Global Partners
99.1		Press Release, dated August 1, 2025.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated August 1, 2025

	Mill City Ventures III, Ltd.
	By:	/s/ Douglas M. Polinsky
	Name:	Douglas M. Polinsky
	Title:	Chief Executive Officer

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FAQ

How many RENT shares are being sold under this Form 144?

4,544 Class A shares are proposed for sale.

What is the approximate value of the proposed RENT stock sale?

The aggregate market value is $25,764.48.

When is the planned sale date for the RENT shares?

The filer indicates an 01-Aug-2025 execution date.

How many RENT shares has the same insider sold recently?

Over the last three months the seller disposed of 9,665 shares for $44,403.48 in proceeds.

What percentage of RENT’s outstanding shares does the proposed sale represent?

Roughly 0.12 % of the 3,866,254 Class A shares outstanding.