Mill City Raises $450 Mln In Private Placement To Acquire SUI Tokens, Appoints New Leadership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 29 2025
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Source: NASDAQ.COM
Investment Overview: Mill City Ventures III, Ltd. has secured a $450 million private investment in public equity (PIPE) to issue approximately 83 million shares at $5.42 each, primarily aimed at acquiring SUI, the native token of the Sui blockchain.
Strategic Leadership Changes: The company will appoint new leadership, including Karatage co-founder Marius Barnett as Chairman and Dana Wagner as an independent board director, to support its transition towards a crypto treasury strategy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
