Mill City Ventures III, Ltd. (MCVT) entered into an equity line agreement with A.G.P./Alliance Global Partners. This agreement allows the company to sell up to $500 million of its common stock at its sole discretion. The proceeds from this equity line are specifically earmarked to further the company’s SUI treasury strategy.
Stephen Mackintosh, Chief Investment Officer of Mill City, stated that this equity line provides the capital to scale its position as the only Sui treasury on the market with an official Sui Foundation relationship. The agreement includes no commitment fee, offering cost-effective capital. This positions Mill City to capitalize on Sui's potential growth.
This substantial capital access complements the recently announced $450 million private placement. Together, these financing events provide significant resources for MCVT to aggressively accumulate SUI tokens. The company aims to offer institutional-grade exposure to the Sui blockchain through a publicly traded structure.
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