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[D] Mill City Ventures III, Ltd. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
D
Rhea-AI Filing Summary

Mill City Ventures III, Ltd. filed a Form D reporting a private equity offering under Rule 506(b). The filing shows a total offering amount of $449,999,998, with $449,999,998 already sold and $0 remaining, raised from 121 investors. The securities offered include equity, options/warrants and the securities issuable on exercise of those rights; the filing notes that proceeds from warrant exercises are not included in the stated offering total. The issuer is organized in Minnesota and lists executive officers including Douglas M. Polinsky as CEO. The filing discloses estimated sales commissions of $18,000,000 and states $0 of gross proceeds will be used to pay named executives.

Mill City Ventures III, Ltd. ha presentato un Form D per comunicare un'offerta di private equity ai sensi della Rule 506(b). Il documento indica un ammontare totale dell'offerta di $449,999,998, interamente sottoscritto ($449,999,998 venduti) e con $0 residui, raccolto da 121 investitori. I titoli offerti comprendono equity, opzioni/warrants e i titoli emessi al loro esercizio; si osserva che i proventi derivanti dall'esercizio dei warrants non sono inclusi nell'ammontare dichiarato. L'emittente è costituita in Minnesota e indica tra i dirigenti Douglas M. Polinsky come CEO. Il deposito dichiara provvigioni di vendita stimate per $18,000,000 e afferma che $0 dei proventi lordi sarà utilizzato per compensare gli esecutivi nominati.

Mill City Ventures III, Ltd. presentó un Form D notificando una oferta de private equity conforme a la Rule 506(b). La presentación señala un importe total de la oferta de $449,999,998, íntegramente colocado ($449,999,998 vendidos) y con $0 restante, procedente de 121 inversores. Los valores ofrecidos incluyen equity, opciones/warrants y los valores emitibles al ejercer esos derechos; se indica que los ingresos por ejercicio de warrants no están incluidos en el total declarado de la oferta. El emisor está constituido en Minnesota y enumera entre sus directivos a Douglas M. Polinsky como CEO. La presentación revela comisiones de venta estimadas de $18,000,000 y declara que $0 de los ingresos brutos se utilizarán para pagar a los ejecutivos nombrados.

Mill City Ventures III, Ltd.Rule 506(b)� 따른 사모(Private Equity) 공모� 신고하 Form D� 제출했습니다. 제출서에� � 공모액이 $449,999,998� 기재되어 있으�, 이미 $449,999,998� 판매되어 남은 금액은 $0이고, 투자자 121�이라� 나와 있습니다. 제공되 증권은 짶�(ܾٲ), 옵션/워런� � � 권리 행사� 발행되 증권� 포함하며, 워런� 행사� 인한 수익은 신고� 공모 총액� 포함되지 않다고 명시되어 있습니다. 발행회사� 미네소타� 설립되었�, 최고경영�(CEO)� Douglas M. Polinsky � 임원진을 기재했습니다. 제출서에� 추정 판매수수료가 $18,000,000� 공개되어 있으�, 명시� 임원들에� 지급될 총수익은 $0라고 명시되어 있습니다.

Mill City Ventures III, Ltd. a déposé un Form D signalant une offre de private equity en vertu de la Rule 506(b). Le dossier indique un montant total de l'offre de $449,999,998, entièrement souscrit ($449,999,998 vendus) et $0 restants, provenant de 121 investisseurs. Les titres proposés comprennent equity, options/warrants et les titres susceptibles d'être émis à l'exercice de ces droits ; le dossier précise que les produits provenant de l'exercice des warrants ne sont pas inclus dans le montant déclaré de l'offre. L'émetteur est constitué dans le Minnesota et cite parmi ses dirigeants Douglas M. Polinsky en tant que CEO. Le dossier révèle des commissions de vente estimées à $18,000,000 et indique que $0 des produits bruts seront utilisés pour rémunérer les dirigeants nommés.

Mill City Ventures III, Ltd. hat ein Form D eingereicht, das ein Private-Equity-Angebot nach Rule 506(b) meldet. In der Meldung wird ein Gesamtangebotsbetrag von $449,999,998 angegeben, davon bereits $449,999,998 verkauft und $0 verbleibend; die Mittel stammen von 121 Investoren. Die angebotenen Wertpapiere umfassen Equity, Optionen/Warrants sowie die bei Ausübung dieser Rechte auszugebenden Wertpapiere; es wird darauf hingewiesen, dass Erlöse aus der Ausübung von Warrants nicht in der angegebenen Angebotsumme enthalten sind. Der Emittent ist in Minnesota organisiert und benennt Führungskräfte, darunter Douglas M. Polinsky als CEO. Die Einreichung offenbart geschätzte Verkaufsprovisionen in Höhe von $18,000,000 und gibt an, dass $0 der Bruttoerlöse zur Bezahlung der genannten Führungskräfte verwendet werden.

Positive
  • Offering fully subscribed: total offering amount of $449,999,998 equals total amount sold of $449,999,998
  • Broad investor participation: securities were sold to 121 investors
  • No direct payments to executives from the offering proceeds disclosed as $0
Negative
  • Material sales commissions disclosed: estimated $18,000,000 in sales commissions
  • Proceeds from warrant exercises excluded from the reported offering total, per clarification in the filing

Insights

TL;DR: Issuer completed a near-$450M private equity raise under Rule 506(b), selling all offered securities to 121 investors.

The Form D indicates a fully subscribed offering with $449,999,998 sold and no remaining amount. The securities mix includes equity and warrants, and the filing explicitly excludes potential warrant exercise proceeds from the reported offering total. Estimated sales commissions are disclosed at $18,000,000, which is material to net proceeds. The filing also reports no direct payments to named officers from the offering proceeds. For investors, the filing documents capital raised and compensation paid to placement agents but contains no operational or performance metrics.

TL;DR: Routine Form D disclosure shows compliance with Regulation D selection and lists executive officers and solicited jurisdictions.

The issuer claims exemption under Rule 506(b) and identifies solicitation in multiple U.S. states plus foreign/non-US solicitation. The filing names key officers and the CEO as signer, and certifies that no proceeds were paid to named executives. It also discloses estimated sales compensation and the broker-dealer involved. The record appears to be a standard private offering notice without stated regulatory exceptions or adverse compliance disclosures.

Mill City Ventures III, Ltd. ha presentato un Form D per comunicare un'offerta di private equity ai sensi della Rule 506(b). Il documento indica un ammontare totale dell'offerta di $449,999,998, interamente sottoscritto ($449,999,998 venduti) e con $0 residui, raccolto da 121 investitori. I titoli offerti comprendono equity, opzioni/warrants e i titoli emessi al loro esercizio; si osserva che i proventi derivanti dall'esercizio dei warrants non sono inclusi nell'ammontare dichiarato. L'emittente è costituita in Minnesota e indica tra i dirigenti Douglas M. Polinsky come CEO. Il deposito dichiara provvigioni di vendita stimate per $18,000,000 e afferma che $0 dei proventi lordi sarà utilizzato per compensare gli esecutivi nominati.

Mill City Ventures III, Ltd. presentó un Form D notificando una oferta de private equity conforme a la Rule 506(b). La presentación señala un importe total de la oferta de $449,999,998, íntegramente colocado ($449,999,998 vendidos) y con $0 restante, procedente de 121 inversores. Los valores ofrecidos incluyen equity, opciones/warrants y los valores emitibles al ejercer esos derechos; se indica que los ingresos por ejercicio de warrants no están incluidos en el total declarado de la oferta. El emisor está constituido en Minnesota y enumera entre sus directivos a Douglas M. Polinsky como CEO. La presentación revela comisiones de venta estimadas de $18,000,000 y declara que $0 de los ingresos brutos se utilizarán para pagar a los ejecutivos nombrados.

Mill City Ventures III, Ltd.Rule 506(b)� 따른 사모(Private Equity) 공모� 신고하 Form D� 제출했습니다. 제출서에� � 공모액이 $449,999,998� 기재되어 있으�, 이미 $449,999,998� 판매되어 남은 금액은 $0이고, 투자자 121�이라� 나와 있습니다. 제공되 증권은 짶�(ܾٲ), 옵션/워런� � � 권리 행사� 발행되 증권� 포함하며, 워런� 행사� 인한 수익은 신고� 공모 총액� 포함되지 않다고 명시되어 있습니다. 발행회사� 미네소타� 설립되었�, 최고경영�(CEO)� Douglas M. Polinsky � 임원진을 기재했습니다. 제출서에� 추정 판매수수료가 $18,000,000� 공개되어 있으�, 명시� 임원들에� 지급될 총수익은 $0라고 명시되어 있습니다.

Mill City Ventures III, Ltd. a déposé un Form D signalant une offre de private equity en vertu de la Rule 506(b). Le dossier indique un montant total de l'offre de $449,999,998, entièrement souscrit ($449,999,998 vendus) et $0 restants, provenant de 121 investisseurs. Les titres proposés comprennent equity, options/warrants et les titres susceptibles d'être émis à l'exercice de ces droits ; le dossier précise que les produits provenant de l'exercice des warrants ne sont pas inclus dans le montant déclaré de l'offre. L'émetteur est constitué dans le Minnesota et cite parmi ses dirigeants Douglas M. Polinsky en tant que CEO. Le dossier révèle des commissions de vente estimées à $18,000,000 et indique que $0 des produits bruts seront utilisés pour rémunérer les dirigeants nommés.

Mill City Ventures III, Ltd. hat ein Form D eingereicht, das ein Private-Equity-Angebot nach Rule 506(b) meldet. In der Meldung wird ein Gesamtangebotsbetrag von $449,999,998 angegeben, davon bereits $449,999,998 verkauft und $0 verbleibend; die Mittel stammen von 121 Investoren. Die angebotenen Wertpapiere umfassen Equity, Optionen/Warrants sowie die bei Ausübung dieser Rechte auszugebenden Wertpapiere; es wird darauf hingewiesen, dass Erlöse aus der Ausübung von Warrants nicht in der angegebenen Angebotsumme enthalten sind. Der Emittent ist in Minnesota organisiert und benennt Führungskräfte, darunter Douglas M. Polinsky als CEO. Die Einreichung offenbart geschätzte Verkaufsprovisionen in Höhe von $18,000,000 und gibt an, dass $0 der Bruttoerlöse zur Bezahlung der genannten Führungskräfte verwendet werden.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D

Notice of Exempt Offering of Securities

OMB APPROVAL
OMB Number: 3235-0076
Estimated average burden
hours per response: 4.00

1. Issuer's Identity

CIK (Filer ID Number) Previous Names
None
Entity Type
0001425355
POKER MAGIC INC
X Corporation
Limited Partnership
Limited Liability Company
General Partnership
Business Trust
Other (Specify)

Name of Issuer
Mill City Ventures III, Ltd
Jurisdiction of Incorporation/Organization
MINNESOTA
Year of Incorporation/Organization
X Over Five Years Ago
Within Last Five Years (Specify Year)
Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
Mill City Ventures III, Ltd
Street Address 1 Street Address 2
1907 WAYZATA BOULEVARD SUITE 205
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
WAYZATA MINNESOTA 55391 952-479-1923

3. Related Persons

Last Name First Name Middle Name
Polinsky Douglas Michael
Street Address 1 Street Address 2
1907 Wayzata Boulevard Suite 205
City State/Province/Country ZIP/PostalCode
Wayzata MINNESOTA 55402
Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Chief Executive Officer
Last Name First Name Middle Name
Geraci, II Joseph Anthony
Street Address 1 Street Address 2
1907 Wayzata Boulevard Suite 205
City State/Province/Country ZIP/PostalCode
Wayzata MINNESOTA 55402
Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Chief Financial Officer
Last Name First Name Middle Name
Mackintosh Stephen
Street Address 1 Street Address 2
1907 Wayzata Boulevard Suite 205
City State/Province/Country ZIP/PostalCode
Wayzata MINNESOTA 55402
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Chief Investment Officer
Last Name First Name Middle Name
Barnett Marius
Street Address 1 Street Address 2
1907 Wayzata Boulevard Suite 205
City State/Province/Country ZIP/PostalCode
Wayzata MINNESOTA 55402
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Chairman of the Board
Last Name First Name Middle Name
Liszt Howard P.
Street Address 1 Street Address 2
1907 Wayzata Boulevard Suite 205
City State/Province/Country ZIP/PostalCode
Wayzata MINNESOTA 55402
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Wagner Dana
Street Address 1 Street Address 2
1907 Wayzata Boulevard Suite 205
City State/Province/Country ZIP/PostalCode
Wayzata MINNESOTA 55402
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


4. Industry Group

Agriculture
Banking & Financial Services
Commercial Banking
Insurance
X Investing
Investment Banking
Pooled Investment Fund
Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?
Yes No
Other Banking & Financial Services
Business Services
Energy
Coal Mining
Electric Utilities
Energy Conservation
Environmental Services
Oil & Gas
Other Energy
Health Care
Biotechnology
Health Insurance
Hospitals & Physicians
Pharmaceuticals
Other Health Care
Manufacturing
AG˹ٷ Estate
Commercial
Construction
REITS & Finance
Residential
Other AG˹ٷ Estate
Retailing
Restaurants
Technology
Computers
Telecommunications
Other Technology
Travel
Airlines & Airports
Lodging & Conventions
Tourism & Travel Services
Other Travel
Other

5. Issuer Size

Revenue Range OR Aggregate Net Asset Value Range
No Revenues No Aggregate Net Asset Value
$1 - $1,000,000 $1 - $5,000,000
$1,000,001 - $5,000,000 $5,000,001 - $25,000,000
$5,000,001 - $25,000,000 $25,000,001 - $50,000,000
$25,000,001 - $100,000,000 $50,000,001 - $100,000,000
Over $100,000,000 Over $100,000,000
X Decline to Disclose Decline to Disclose
Not Applicable Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

Rule 504(b)(1) (not (i), (ii) or (iii))
Rule 504 (b)(1)(i)
Rule 504 (b)(1)(ii)
Rule 504 (b)(1)(iii)
X Rule 506(b)
Rule 506(c)
Securities Act Section 4(a)(5)
Investment Company Act Section 3(c)
Section 3(c)(1) Section 3(c)(9)
Section 3(c)(2) Section 3(c)(10)
Section 3(c)(3) Section 3(c)(11)
Section 3(c)(4) Section 3(c)(12)
Section 3(c)(5) Section 3(c)(13)
Section 3(c)(6) Section 3(c)(14)
Section 3(c)(7)

7. Type of Filing

X New Notice Date of First Sale 2025-07-27 First Sale Yet to Occur
Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?
Yes X No

9. Type(s) of Securities Offered (select all that apply)

X Equity Pooled Investment Fund Interests
Debt Tenant-in-Common Securities
X Option, Warrant or Other Right to Acquire Another Security Mineral Property Securities
X Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $0 USD

12. Sales Compensation

Recipient
Recipient CRD Number None
A.G.P./Alliance Global Partners 000005361
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
None None
Street Address 1 Street Address 2
590 Madison Avenue 28th Floor
City State/Province/Country ZIP/Postal Code
New York NEW YORK 10022
State(s) of Solicitation (select all that apply)
Check "All States" or check individual States
All States
X Foreign/non-US
CALIFORNIA
COLORADO
CONNECTICUT
FLORIDA
ILLINOIS
MINNESOTA
NEW YORK
OHIO
TEXAS
VIRGINIA

13. Offering and Sales Amounts

Total Offering Amount $449,999,998 USD
or Indefinite
Total Amount Sold $449,999,998 USD
Total Remaining to be Sold $0 USD
or Indefinite

Clarification of Response (if Necessary):

The total offering amount does not include the total gross proceeds to be received by the company assuming cash exercise of all warrants.

14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
121

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions $18,000,000 USD
Estimate
Finders' Fees $0 USD
Estimate

Clarification of Response (if Necessary):

Includes fee of (i) 8.0% on gross proceeds raised up to first $100 MM, (ii) 3.0% on gross proceeds raised above $100 MM and (iii) 1.5% on gross proceeds raised above $500 MM, with cap of (iv) 4.0% on gross proceeds raised under $500 MM.

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD
Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:
  • Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*
  • Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
  • Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer Signature Name of Signer Title Date
Mill City Ventures III, Ltd /s/ Douglas M. Polinsky Douglas M. Polinsky Chief Executive Officer 2025-08-11

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.


FAQ

How much did Mill City Ventures III (MCVT) raise in this Form D filing?

The filing reports a total offering amount of $449,999,998 and total amount sold of $449,999,998.

Under which exemption was MCVT's offering made?

The issuer claimed an exemption under Rule 506(b) of Regulation D.

How many investors participated in the MCVT offering?

The filing indicates 121 investors have already invested in the offering.

What sales compensation was disclosed in the MCVT Form D?

Estimated sales commissions are reported as $18,000,000 with a disclosed fee structure for placement agents.

What types of securities were offered by MCVT?

The filing lists equity, options/warrants, and the securities to be acquired upon exercise of those rights.

Will any offering proceeds be paid to named executives per the filing?

The filing states $0 of the offering gross proceeds have been or will be used to pay named executive officers, directors or promoters.
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