Mill City Ventures III Faces Delisting Concerns
Ticker: SUIG · Form: 8-K · Filed: Jul 22, 2025 · CIK: 1425355
| Field | Detail |
|---|---|
| Company | Mill City Ventures III, Ltd (SUIG) |
| Form Type | 8-K |
| Filed Date | Jul 22, 2025 |
| Risk Level | high |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, regulatory-filing
TL;DR
MCVT is on the verge of being delisted, stock might be toast.
AI Summary
Mill City Ventures III, Ltd. filed an 8-K on July 22, 2025, reporting a notice of delisting or failure to satisfy continued listing rules as of July 18, 2025. The company, formerly known as Poker Magic Inc., is based in Wayzata, MN.
Why It Matters
This filing indicates potential issues with the company's ability to remain listed on an exchange, which could significantly impact its stock value and liquidity.
Risk Assessment
Risk Level: high — The filing explicitly states a notice of delisting or failure to meet continued listing rules, indicating significant financial or operational distress.
Key Players & Entities
- Mill City Ventures III, Ltd. (company) — Registrant
- Poker Magic Inc. (company) — Former company name
- July 18, 2025 (date) — Date of earliest event reported
- July 22, 2025 (date) — Filing date
- Wayzata, MN (location) — Principal executive offices
FAQ
What specific listing rule or standard has Mill City Ventures III, Ltd. failed to satisfy?
The filing does not specify the exact rule or standard that was not met, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the exact date of the event triggering this 8-K filing?
The date of the earliest event reported is July 18, 2025.
What was Mill City Ventures III, Ltd. previously known as?
The company was formerly known as Poker Magic Inc.
Where are Mill City Ventures III, Ltd.'s principal executive offices located?
The principal executive offices are located at 1907 Wayzata Boulevard, Suite 205, Wayzata, MN 55391.
What is the Commission File Number for Mill City Ventures III, Ltd.?
The Commission File Number for Mill City Ventures III, Ltd. is 001-41472.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on July 22, 2025 regarding Mill City Ventures III, Ltd (SUIG).