24/7 Market News Snapshot 28 July, 2025 – Mill City Ventures III, Ltd. Common Stock (NASDAQ:MCVT)

July 28, 2025

DENVER, Colo., 28 July, 2025 (www.247marketnews.com) – (NASDAQ:MCVT) are discussed in this article.
Mill City Ventures III, Ltd. has experienced notable trading activity recently, with its stock commencing the day at $7.74 before encountering a downward shift, now trading at approximately $5.87, reflecting a decline of around 0.46%. The stock’s previous close stood at $5.90, indicating a bearish trend. Currently, a trading volume of 26.56 million shares suggests substantial market interest, though selling pressure appears to influence the stock’s trajectory. Traders are advised to monitor the $5.80 support level closely; a bounce back above this point could signify a potential trend reversal, while a breach beneath may indicate further downside risk.

In a strategic move to bolster its financial position, Mill City Ventures has announced a significant private placement amounting to $450 million. This financing, facilitated through securities purchase agreements, includes the issuance of 83,025,830 shares of common stock priced at $5.42 each. This initiative is designed to advance the company’s objectives within the cryptocurrency sector, particularly focusing on the acquisition of SUI, the native cryptocurrency of the Sui blockchain network. The investment will be prominently supported by Karatage Opportunities, led by esteemed financiers Marius Barnett and Stephen Mackintosh, along with substantial involvement from the Sui Foundation, which aims to further the development of the blockchain.

Additionally, Mill City is set to enhance its governance structure by adding experienced leaders to its Board of Directors. Marius Barnett will serve as Chairman, Dana Wagner will join as an independent Board Director, and Stephen Mackintosh will assume the role of Chief Investment Officer. “This pivotal moment presents considerable opportunities in institutional cryptocurrency and AI,” Mackintosh stated, reinforcing Mill City’s commitment to navigating the evolving digital finance landscape with a strategic vision and enhanced leadership.

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