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