Mill City Ventures announces a $500 million equity financing agreement to advance the SUI financial strategy

ChainCatcher news, according to Businesswire, non-bank lending institution and financial company Mill City Ventures III, Ltd. (NASDAQ: MCVT) announced today that it has signed an equity line agreement with AGP/Alliance Global Partners (as the investor), allowing Mill City to decide to sell up to $500 million of the company's common stock, subject to certain restrictions and closing conditions. Proceeds from the equity line (excluding commitment fees) will be used to advance the company's SUI financial strategy.