Mill City Ventures secures $500 million equity line for SUI treasury strategy

Mill City Ventures secures $500 million equity line for SUI treasury strategy

Mill City Ventures III, Ltd. (MCVT) announced it entered into an equity line agreement with A.G.P./Alliance Global Partners that allows the company to sell up to $500 million of its common stock at its discretion, subject to certain restrictions and closing conditions.

The agreement includes no commitment fee, according to the company’s statement. Mill City plans to use proceeds from the equity line to advance its SUI treasury strategy.

“This equity line is intended to give us the firepower to scale our position as the only Sui treasury on the market with an official Sui Foundation relationship,” said Stephen Mackintosh, Chief Investment Officer of Mill City.

Mill City describes itself as the sole publicly-traded company with an official Sui Foundation relationship, providing exposure to the Sui blockchain. The company operates specialty finance operations while serving as a SUI treasury vehicle.

Any securities offering under the equity line agreement will be conducted pursuant to an effective registration statement, the company noted. The press release stated that it does not constitute an offer to sell or solicitation to buy securities.

The company included standard forward-looking statement disclaimers, noting that actual results could differ materially due to factors including fluctuations in SUI market price, government cryptocurrency regulation, and the risk that SUI could be classified as a security under regulatory frameworks.

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