Mill City Ventures III Reports Material Agreement

TL;DR

MCVT signed a material definitive agreement on Nov 18, 2024. Filing includes financials.

AI Summary

Mill City Ventures III, Ltd. filed an 8-K on November 20, 2024, reporting a material definitive agreement entered into on November 18, 2024. The filing also includes financial statements and exhibits. The company, formerly known as Poker Magic Inc., is based in Wayzata, MN.

Why It Matters

This filing indicates a significant new business development or contract for Mill City Ventures III, Ltd., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The filing reports a material definitive agreement, which could represent a significant change in business operations or financial commitments, but the specifics of the agreement are not detailed in this summary.

Key Players & Entities

• Mill City Ventures III, Ltd. (company) — Registrant
• Poker Magic Inc. (company) — Former company name
• November 18, 2024 (date) — Date of earliest event reported
• November 20, 2024 (date) — Filing date
• Wayzata, MN (location) — Principal executive offices and mailing address

FAQ

Key Financial Figures

• $10 million — h Short-Term Loan Agreement and related $10 million principal amount Short-Term Promissory

Filing Documents

• mcvt_8k.htm (8-K) — 23KB
• mcvt_ex101.htm (EX-10.1) — 7KB
• 0001654954-24-014713.txt ( ) — 142KB
• mcvt-20241118.xsd (EX-101.SCH) — 6KB
• mcvt-20241118_lab.xml (EX-101.LAB) — 13KB
• mcvt-20241118_cal.xml (EX-101.CAL) — 1KB
• mcvt-20241118_pre.xml (EX-101.PRE) — 8KB
• mcvt-20241118_def.xml (EX-101.DEF) — 2KB
• mcvt_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement . Effective November 18, 2024, Mill City Ventures III, Ltd., and Mustang Funding, LLC entered into an amendment to their Fourth Short-Term Loan Agreement and related $10 million principal amount Short-Term Promissory Note, dated September 29, 2023 (as earlier amended on April 29, 2024). The new amendment extends the stated maturity date of the loan and note to December 18, 2024. A copy of the amendment is being filed as an exhibit to this report.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits . (d) Exhibits . Ex. No. Description 10.1 Amendment No. 2 to Short-Term Loan Agreement and Short-Term Promissory Note, between Mill City Ventures III, Ltd., and Mustang Funding, LLC, dated effective November 18, 2024 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MILL CITY VENTURES III, LTD. Date: November 20, 2024 By: /s/ Joseph A. Geraci, II JOSEPH A. GERACI, II Chief Financial Officer 3 Exhibit Index Ex. No. Description 10.1 Amendment No. 2 to Short-Term Loan Agreement and Short-Term Promissory Note, between Mill City Ventures III, Ltd., and Mustang Funding, LLC, dated effective November 18, 2024 4

View Full Filing

View this 8-K filing on SEC EDGAR