Mill City Ventures III, Ltd. Announces Closing of $5.0 Million Public Offering and Uplisting to Nasdaq

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Aug 12, 2022

MINNEAPOLIS, MN / ACCESSWIRE / August 11, 2022 / Mill City Ventures III, Ltd. (NasdaqCM:MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced the closing of its underwritten public offering of 1,250,000 shares of common stock at a public offering price of $4.00 per share, for aggregate gross proceeds of $5,000,000, before underwriting discounts and commissions. The Company granted the underwriters a 45-day option to purchase up to 187,500 additional shares of common stock at the offering price, less the underwriting discount.