Mill City Ventures III (NASDAQ: MCVT) Extends Short-Term Loan Agreement with Mustang Funding LLC

Mill City Ventures III, Ltd. announced on December 18, 2024, that it has entered into an amendment with Mustang Funding, LLC regarding their Fourth Short-Term Loan Agreement and related $10 million principal Fourth Short-Term Promissory Note. This agreement, which was originally dated September 29, 2023, and had been previously revised on April 29, 2024, and November 18, 2024, now sees an extension of the stated maturity date to January 7, 2025.

The amendment to the agreement has been filed as an exhibit in a Form 8-K SEC filing. This move signifies the commitment of Mill City Ventures III and Mustang Funding, LLC to continue their financial arrangement, ensuring the smooth operation of their financial commitments.

According to the filing, the Amendment No. 3 to the Short-Term Loan Agreement and Short-Term Promissory Note between Mill City Ventures III, Ltd., and Mustang Funding, LLC, effective December 18, 2024, is available for review as an exhibit.

The company’s Chief Financial Officer, Joseph A. Geraci, II, signed off on the report as authorized by Mill City Ventures III, Ltd., in accordance with the Securities Exchange Act of 1934. This development indicates a strategic move to maintain financial stability and bolster existing agreements between the involved parties.

Investors and stakeholders are encouraged to review the details of this agreement in the filed documents to gain a comprehensive understanding of the amended terms between Mill City Ventures III, Ltd., and Mustang Funding, LLC.

Overall, this extension reflects the ongoing efforts of Mill City Ventures III, Ltd., to navigate the complexities of financial agreements, ensuring continued operational liquidity and stability during the stated timeframe.

The details of the agreement can be found in the Form 8-K filing from Mill City Ventures III, Ltd.

This press release is for informational purposes and does not constitute investment advice or an offer to invest. Please consult with a financial advisor or professional before making any investment decisions.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Mill City Ventures III’s 8K filing here.

Mill City Ventures III Company Profile

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies.