Mill City Ventures III Files 2024 10-K
Ticker: SUIG · Form: 10-K · Filed: Mar 10, 2025 · CIK: 1425355
| Field | Detail |
|---|---|
| Company | Mill City Ventures III, Ltd (SUIG) |
| Form Type | 10-K |
| Filed Date | Mar 10, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, financials, credit-institutions, executive-agreements
TL;DR
MCVT filed its 2024 10-K. Financials and exec agreements detailed.
AI Summary
Mill City Ventures III, Ltd. filed its 2024 10-K on March 10, 2025, reporting on its fiscal year ending December 31, 2024. The company, previously known as Poker Magic Inc., operates in the short-term business credit institutions sector. Key events in early 2025 included executive employment agreements and subsequent events related to financing and stock plans.
Why It Matters
This filing provides investors with a comprehensive overview of Mill City Ventures III's financial performance and operational status for the fiscal year 2024, including details on its credit operations and executive agreements.
Risk Assessment
Risk Level: medium — The filing indicates a company in the credit sector with specific financing agreements and stock plans, suggesting potential financial risks and operational complexities.
Key Numbers
- 1231 — Fiscal Year End (Indicates the end of the reporting period for financial statements.)
- 001-41472 — SEC File Number (Unique identifier for the company's filings with the SEC.)
Key Players & Entities
- Mill City Ventures III, Ltd. (company) — Filer of the 10-K
- Poker Magic Inc. (company) — Former name of Mill City Ventures III, Ltd.
- Eastman Investment Inc. (company) — Party to a Loan and Security Agreement
- 2024-12-31 (date) — Fiscal year end for the reported period
- 2025-03-10 (date) — Filing date of the 10-K
FAQ
What is the primary business of Mill City Ventures III, Ltd.?
Mill City Ventures III, Ltd. operates in the SHORT-TERM BUSINESS CREDIT INSTITUTIONS sector, SIC code 6153.
When did Mill City Ventures III, Ltd. file its 2024 10-K?
The 10-K filing was made on March 10, 2025.
What was the company formerly known as?
The company was formerly known as Poker Magic Inc., with a name change date of January 29, 2008.
Are there any significant subsequent events mentioned in the filing?
Yes, the filing mentions subsequent events including executive employment agreements dated January 31, 2025, and January 24, 2025, and other events occurring between January 1, 2025, and January 22, 2025.
What is the company's business address?
The business address is 1907 Wayzata Boulevard, Suite 205, Wayzata, MN 55391.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 10, 2025 regarding Mill City Ventures III, Ltd (SUIG).