Mill City Ventures III Ltd

Mill City Ventures III Ltd. is an development-stage company, which engages in the investing in or lending to private and small-capitalization public companies and making managerial assistance available to such companies. Its investments include stock of or membership interests (typically referred to as units) in private companies, small-cap public company stocks, and promissory notes. The company was founded by Douglas Michael Polinsky and Joseph Anthony Geraci II on January 10, 2006 and is headquartered in Wayzata, MN.

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Mill City Ventures III Ltd. engages in the business of providing short-term specialty finance solutions. The company was founded by Douglas Michael Polinsky and Joseph Anthony Geraci II on January 10, 2006 and is headquartered in Wayzata, MN.

MINNEAPOLIS, MN / ACCESSWIRE / November 12, 2024 / Mill City Ventures III, Ltd. (Nasdaq:MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced financial results for the three-month and nine-month periods ended September 30, 2024.

Mill City Ventures III, Ltd. Reports 2024 Third Quarter Financial Results

MINNEAPOLIS, MN / ACCESSWIRE / October 16, 2024 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT), a non-bank lender and specialty finance company, today announced the Company's Board of Directors has approved a stock repurchase program up to $2,000,000 for its common stock.

Mill City Announces Stock Repurchase Program

MINNEAPOLIS, MN / ACCESSWIRE / September 30, 2024 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today its funding of a $2 million short-term loan to facilitate three holiday attractions being undertaken by Enchant Christmas, LLC in Las Vegas, San Jose, and Seattle.

Mill City Ventures III, Ltd. Advances $2 Million To Award-Winning Holiday Light Maze Experience

MINNEAPOLIS, MN / ACCESSWIRE / September 13, 2024 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today its funding of a $1.15 million short-term loan in facilitation of two senior care development projects.

Mill City Ventures III, Ltd. Advances $1.15 Million To Award-winning Senior Care Provider

MINNEAPOLIS, MN / ACCESSWIRE / August 15, 2024 / Mill City Ventures III, Ltd. (NASDAQ:MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced financial results for the three-month and six-month periods ended June 30, 2024.

Mill City Ventures III, Ltd. Reports 2024 Second Quarter Financial Results

MINNEAPOLIS, MN / ACCESSWIRE / May 16, 2024 / Mill City Ventures III, Ltd. (NASDAQ:MCVT), a non-bank lender and specialty finance company, disclosed its revenue and net income for the quarter ended March 31, 2024 with the filing of its quarterly report on Form 10-Q on Wednesday, May 15, 2024.

Mill City Ventures III, Ltd. Reports 2024 First Quarter Results

MINNEAPOLIS, MN / ACCESSWIRE / September 11, 2023 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a specialty short-term finance and non-bank lender, announced today that it extended an additional $1 million of short-term loan principal to Mustang Funding LLC d/b/a Mustang Litigation Funding ("Mustang") and refinanced and extended earlier provided short-term loan principal.

Mill City Ventures III, Ltd. Extends Further Credit to Mustang Litigation Funding

Investment Income from Lending Operations Increases 58% Shareholder Equity Increases 36.7% Mustang Acquisition on Pace to Close in 2023 Second Half MINNEAPOLIS, MN / ACCESSWIRE / April 17, 2023 / Mill City Ventures III, Ltd. (NASDAQ:MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced financial results for the three-month and full year-month periods ended December 31, 2022.

Mill City Ventures III, Ltd. Reports 2022 Fourth Quarter and Full Year Financial Results

MINNEAPOLIS, MN / ACCESSWIRE / March 10, 2023 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today it has completed the financing of a $1.2 million loan.

Mill City Ventures Makes $1.2 Million Short-Term Loan

MINNEAPOLIS, MN / ACCESSWIRE / February 2, 2023 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today it has provided a $2.5 million bridge loan for a multi-family unit real-estate venture.

Mill City Provides $2.5 Million Short-Term Bridge for Real-Estate Venture

MINNEAPOLIS, MN / ACCESSWIRE / December 14, 2022 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a specialty short-term finance and non-bank lender, announced today that, in accordance with its previously announced letter of intent regarding a proposed merger transaction with Mustang Funding, LLC dba Mustang Litigation Funding ("Mustang"), it has entered into a $5 million short-term financing arrangement with Mustang in furtherance of the proposed merger.

Mill City Ventures III, Ltd. Provides Short-Term Loan to Mustang Litigation Funding

MINNEAPOLIS, MN / ACCESSWIRE / December 6, 2022 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a specialty short-term finance and non-bank lender, announced today that it has entered into a non-binding letter of intent for a merger transaction with Mustang Funding, LLC dba Mustang Litigation Funding ("Mustang"), a Delaware limited liability company owning and operating a Minneapolis-based litigation finance business focusing on the long-term capital needs of law firms, plaintiffs and vendors.

Mill City Ventures III, Ltd. Enters into Letter of Intent to Acquire Mustang Funding, LLC

MINNEAPOLIS, MN / ACCESSWIRE / November 21, 2022 / Mill City Ventures III, Ltd. (Nasdaq:MCVT) ("Mill City" or the "Company") a non-bank lender and specialty finance company, today announced financial results for the three-month and nine-month periods ended September 30, 2022.

Mill City Ventures III, Ltd. Reports 2022 Third Quarter Financial Results Investment Income From Lending Operations Increases 47.5% Shareholder Equity Increases 39%

MINNEAPOLIS, MN / ACCESSWIRE / November 3, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (Nasdaq:MCVT) announced today its funding of a settled insurance claim in the amount of $855,000.

Mill City Funds $855,000 Short-Term Insurance Settlement

MINNEAPOLIS, MN / ACCESSWIRE / November 2, 2022 / Mill City Ventures III, Ltd. (Nasdaq:MCVT) announced that Chief Executive Officer, Douglas Polinsky, and Chief Financial Officer, Joseph Geraci, are scheduled to present virtually at the Sidoti Investor Conference on Wednesday, November 9, 2022, at 12:15 p.m.

Mill City Ventures to Present at Sidoti November Microcap Conference

MINNEAPOLIS, MN / ACCESSWIRE / October 18, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today it has provided $2.225 million of short-term debt financing to Liberated Syndication Inc. ("Libsyn"), a leading "Podcasting As A Service" platform, to facilitate Libsyn's recently announced acquisition of German podcast company Julep Media GmbH ("Julep").

Mill City Provides Short-Term Funding to Facilitate Merger of Podcast Platforms

MINNEAPOLIS, MN / ACCESSWIRE / September 13, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today its funding of a settled insurance claim in the amount of $840,000.

Mill City Funds $840,000 Short-Term Insurance Settlement

Some banks have been taking a more cautious approach towards lending as a result of the unfavorable economic situation. When combined with the rate hikes by the Federal Reserve, the gap between banks and specialty finance companies in terms of borrowing costs has narrowed and could present excellent lending opportunities for the latter.

Mill City Ventures III: A Hidden Gem in the Specialty Finance Domain

MINNEAPOLIS, MN / ACCESSWIRE / August 24, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today its funding of a settled insurance claim in the amount of $550,000.

Mill City Ventures III Ltd. Funds a $550,000 Short-Term Insurance Settlement

MINNEAPOLIS, MN / ACCESSWIRE / August 16, 2022 / Mill City Ventures III, Ltd. (NASDAQ:MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced financial results for the three-month and six-month periods ended June 30, 2022.

Mill City Ventures III, Ltd. Reports 2022 Second Quarter Financial Results

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.

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

MINNEAPOLIS, MN / ACCESSWIRE / August 10, 2022 / Mill City Ventures III, Ltd. (NASDAQ:MCVT), a leading non-bank lender and specialty finance company is pleased to provide guidance for the second quarter of the 2022 fiscal year.

Mill City Ventures III, Ltd. Provides 2nd Quarter Fiscal 2022 Guidance Revenue Increased 83% Year Over Year and 83% for 6-Month Period

MINNEAPOLIS , Aug. 9, 2022 /PRNewswire/ -- Mill City Ventures III, Ltd. (NasdaqCM: MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced the pricing 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.

Mill City Ventures III, Ltd. Announces Pricing of $5.0 Million Public Offering and Concurrent Uplisting to the Nasdaq Capital Market

New York, New York--(Newsfile Corp. - August 2, 2022) - Mill City Ventures III, Ltd. (OTCQB: MCVT), a non-bank lender and specialty finance company, was the subject of recent coverage by leading financial news website and publisher, SmallCapsDaily.

SmallCapsDaily: Mill City Ventures Outperforms in the Specialty Finance Space

MINNEAPOLIS , May 16, 2022 /PRNewswire/ -- Mill City Ventures III, Ltd. (OTCQB: MCVT), a non-bank lender and specialty finance company, disclosed its revenue and net income for the quarter ended March 31, 2022 with the filing of its quarterly report on Form 10-Q on Friday, May 13, 2022.

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