Mill City Ventures III, Ltd announces $450,000,000 private placement to initiate Sui Treasury strategy
Mill City Ventures III, Ltd. (“Mill City” or “Company”) (NASDAQ: MCVT), a non -banking and specialized financing company, announced today that it had concluded values purchase agreements per share for the expected global gross product of around $ 450,000,000, before deducting the costs of investment agent and other supply expenses (“private placement” or “offer”).
Karatage Opportunities (“Karatage”), the London -based owner -based hedge -based fund, specializing in digital assets and emerging technological investments, founded by Marius Barnett and Stephen Mackintosh, acted as a main investor, with an equivalent investment of the SUP Foundation, an independent organization dedicated to the advancement and adoption of the SUP network.
As an important early investor in the SUP ecosystem, Karatage has established itself as a strategic partner of MySten Labs, the original contributors of Su Suis, with a deep operational experience through the Su sur network.
The offer included the participation of eminent companies and Big Brain Holdings infrastructure providers, Galaxy Digital Inc (NASDAQ: GLOX) and Dr. Jack Kong – Fund NLABS as well as Pantera Capital, M2, Electric Capital, GSR, SELINI, PARFUF, PAPFI CAPITAL, FENUTURE and MAVAN. Galaxy Asset Management will serve as a asset manager.
The fence of the offer should occur on July 31, 2025 to the or to towards or towards the or to the usual closing conditions.
The company intends to use approximately 98% of the net product of the private investment to acquire the native cryptocurrency of the blockchain followed commonly called “sui”, and approximately 2% of the net product of the private placement to finance the short-term loan activities of the company.
Followed on the main reference of the company’s treasure.
AGP / Alliance Global Partners acts as the only investment agent as part of the offer.
At the end of the offer, the company intends to appoint two new members to the board of directors of the company (the “council”).
The new members of the Board of Directors ensure strong and experienced leadership that the company needs while the company pivots a strategy of Suis Treasury:
Marius Barnett (Co-founder of Karatage) will be the chairman of the board of directors. Veteran operator and investor in digital assets, Mr. Barnett has proven himself in the construction of businesses through real estate, infrastructure and energy.
Dana Wagner will serve as director of the independent board of directors. As a current member of the board of directors of Coinbase Pustody Trust Company and former Square Advocate General, Mr. Wagner has occupied higher level legal roles for companies defining the category at the cutting edge of financial technology.
Stephen Mackintosh (The co-founder and general partner of Karatage) will be the company’s investment director. With an earlier experience of artificial intelligence and deep technology, Mr. Mackintosh brings a vast experience in the SUC ecosystem while he manages the strategy of Suis Treasury for the company.
“We are launching at a pivotal moment when the institutional crypto and the AI are reaching a critical mass – creating important opportunities through blockchain infrastructure,” said Stephen MackintoshThe director of investments offered of Mill City and general partner of Karatage.
“We believe that SUP is well positioned for mass adoption with speed and efficiency whose institutions require for large -scale crypto, as well as technical architecture capable of supporting the workloads of AI while maintaining safety and decentralization.”
“Suis has been built to provide the scalability, speed and security necessary to support the next generation of decentralized applications and the use of actual cryptography for consumers and institutions – from stablecoins to artificial intelligence to play and wider finance,” added Christian ThompsonManaging Director of Suis Foundation.
Mill City intends to acquire SUP tokens on the free market, as well as via the institutional quality transactions generally reserved for cryptographic funds and a negotiated purchase and sale agreement with the SUP Foundation – a cash strategy now accessible by a public structure with daily liquidity.
Like the only Treasure in the SUP with the support of the SUP Foundation, Mill City and the Foundation team will share information on technology and growth of the ecosystem, by establishing it as one of the only cryptographic treasure strategies supported by the Foundation.
“The future belongs to crypto, AI and stablecoins – and they all need infrastructure that can manage a real scale. It’s suis,” said Adeniyi AbiodunCo-founder and product manager of Mysten Labs. “We believe that everything led at the right time to make the founding vision of Su a reality – and in our opinion, the moment is now.”
The offer is being trusted on an exemption from the registration requirement under article 4 (a) (2) of the Securities Act of 1933, as modified (the “” “Securities law“), And / or the regulations of promulgated under it and the laws applicable on the securities of the State.
Consequently, the securities offered in the private investment cannot be offered or sold in the United States, except under an effective registration declaration or an applicable exemption from the registration of the law on securities and these laws applicable on the securities of the State.
In accordance with the terms of the securities purchase agreement, the company will file a registration declaration with the Securities and Exchange Commission (the “”SECOND) Recording the resale of ordinary actions sold in the private placement.
This press release will not constitute an offer of sale or a request for an offer to purchase these titles, and there will be no sale of these titles in a state or other jurisdiction in which such an offer, solicitation or sale would be illegal before registration or qualification under the laws in matters of any state or other jurisdiction.
Advisers
- Sullivan & Worcester LLP acts as a legal advisor to AGP / Alliance Global Partners.
- Loeb & Loeb LLP acts as a legal advisor to Mill City.
- Akin Gump Strauss Hauer & Feld LLP acts as a legal adviser from Karatage.
- O’Melveny & Myers LLP acts as a legal advisor to the SUP Foundation.
About Mill City Ventures III, Ltd.
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Founded in 2007, Mill City Ventures III, LTD., is a specialized financing company focused on short -term loan and structured financing solutions.
The company provides capital to companies through guaranteed loan agreements, offering investors attractive returns by emphasizing safety and attenuation of risks.
More information on the company can be obtained on www.sec.gov or www.millcityventures3.com.
At the closing of private investment, the company plans to adopt a suisorestry strategy.
On karatage opportunities
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Karatage is a London -based owner -based hedge fund based in emerging technological investments through digital assets, artificial intelligence and games.
Founded by Marius Barnett and Stephen Mackintosh, Karatage focuses on the identification and support of strong growth projects to build new generation technology with an attraction on the mass market.
As an important early investor in the SUP ecosystem, the Karatage team brings a deep operational experience through the blockchain ecosystem.
For more information on Karatage, please visit Karatage.io.
After the closing of private investment, Marius Barnett and Stephen Mackintosh, co-founders of Karatage, should become chairman of the board of directors and director of investments of the company, respectively.
Declaration turned to the future
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Declarations in this press release concerning expectations, plans and future prospects, as well as any other declaration concerning issues that are not historical facts, may constitute “prospective declarations” within the meaning of the 1995 law on disputes of private titles, and these prospective declarations are subject to various risks and uncertainties.
Such declarations include, without limiting the declarations concerning the planned closure of the offer, the planned reception of the product of the offer, the planned use of the product product, the opportunities that the offer will create, the capabilities of suis as blockchain and the opportunities of suis created the capacity of the company to make it effective and to maintain its effectiveness, and to other declarations which are not historical facts, Declarations which can be accompanied by the words “hear”, “may”, “will”, “plans”, “expect”, “anticipate”, “project”, “potential”, or similar words.
Actual results could differently from Those Described in These Forward-Looking Statements due to certain factors, included without limitation, the company’s satisfaction of Closing Conditions for the Offering, Fluctuations in the Market Price of Suns and Any Associated Impaly Charges that company mayor Decrease in the Market Price of Suit Below the Value at which Company’s Suit Carried On Its Balance Sheet, Changes in the Accounting Treatment Relating to the Company’s Su Holdings, The Company’s capacity to carry out profitable operations, government regulation of cryptocurrencies and online bets, changes in laws or regulations Long sale, owner rights of the company, modifications of applicable laws or regulations, as well as its competitors, general economic conditions and other detailed risk factors in the company’s annual report and other deposits with the SEC.
All the prospective declarations contained in this press release only speak on the date of these, and the company assumes no responsibility to update prospective declarations in this press release.
Contact
Financial director
Joseph A. Geraci
Mill City Ventures III, Ltd.
[email protected]
612-868-5815
This article is written by a third party, and Invezz does not approve or take responsibility for its content, its precision, its quality, its advertisements, its products or its materials. Readers must seek and show reasonable diligence independently before making decisions related to the mentioned company.
