Mill City Ventures III Files 8-K
Ticker: SUIG · Form: 8-K · Filed: Dec 18, 2024 · CIK: 1425355
| Field | Detail |
|---|---|
| Company | Mill City Ventures III, Ltd (SUIG) |
| Form Type | 8-K |
| Filed Date | Dec 18, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $10 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
TL;DR
MCVT filed an 8-K on Dec 18, 2024, for a material agreement. Details TBD.
AI Summary
Mill City Ventures III, Ltd. filed an 8-K on December 18, 2024, reporting the entry into a material definitive agreement and filing financial statements and exhibits. The filing does not contain specific details about the agreement or financial figures within the provided text.
Why It Matters
This 8-K filing indicates a significant event or agreement for Mill City Ventures III, Ltd., requiring disclosure to investors.
Risk Assessment
Risk Level: low — The filing is a standard 8-K for a material definitive agreement, but the provided text lacks specific details to assess immediate risk.
Key Players & Entities
- Mill City Ventures III, Ltd. (company) — Registrant
- December 18, 2024 (date) — Date of Report
- POKER MAGIC INC (company) — Former Company Name
FAQ
What is the nature of the material definitive agreement entered into by Mill City Ventures III, Ltd.?
The provided text of the 8-K filing does not specify the details of the material definitive agreement.
When was the 8-K filing submitted by Mill City Ventures III, Ltd.?
The 8-K filing was submitted on December 18, 2024.
What are the principal executive offices of Mill City Ventures III, Ltd.?
The principal executive offices are located at 1907 Wayzata Boulevard, Suite 205, Wayzata, MN 55391.
What was the former name of Mill City Ventures III, Ltd.?
The former name of the company was POKER MAGIC INC.
What is the SIC code for Mill City Ventures III, Ltd.?
The Standard Industrial Classification (SIC) code is 6153 for Short-Term Business Credit Institutions.
Filing Stats: 475 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2024-12-18 17:29:11
Key Financial Figures
- $10 million — h Short-Term Loan Agreement and related $10 million principal amount Fourth Short-Term Prom
Filing Documents
- mcvt_8k.htm (8-K) — 23KB
- mcvt_ex101.htm (EX-10.1) — 8KB
- 0001654954-24-015712.txt ( ) — 144KB
- mcvt-20241218.xsd (EX-101.SCH) — 6KB
- mcvt-20241218_lab.xml (EX-101.LAB) — 13KB
- mcvt-20241218_cal.xml (EX-101.CAL) — 1KB
- mcvt-20241218_pre.xml (EX-101.PRE) — 8KB
- mcvt-20241218_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 December 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 Fourth Short-Term Promissory Note, dated September 29, 2023 (as earlier amended on April 29, 2024, and November 18, 2024). The new amendment extends the stated maturity date of the loan and note to January 7, 2025. 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. 3 to Short-Term Loan Agreement and Short-Term Promissory Note, between Mill City Ventures III, Ltd., and Mustang Funding, LLC, dated effective December 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: December 18, 2024 By: /s/ Joseph A. Geraci, II JOSEPH A. GERACI, II Chief Financial Officer 3 Exhibit Index Ex. No. Description 10.1 Amendment No. 3 to Short-Term Loan Agreement and Short-Term Promissory Note, between Mill City Ventures III, Ltd., and Mustang Funding, LLC, dated effective December 18, 2024 4