Mill City Ventures III 11/17/2023 Earnings Report

Mill City Ventures III EPS Results

• Actual EPS: $0.05
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Mill City Ventures III Revenue Results

• Actual Revenue: $0.73 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Mill City Ventures III Announcement Details

• Date: 11/17/2023
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Mill City Ventures III (NASDAQ:MCVT), Inc. (NASDAQ:MCVT) is a special purpose acquisition company (SPAC) organized as a Delaware corporation. The company completed its initial public offering in mid-2021 with the purpose of identifying and merging with one or more businesses that present attractive growth prospects. As a blank check vehicle, MCVT currently holds its offering proceeds in a trust account while it evaluates potential targets.

The firm is sponsored by Mill City Ventures, a group of investment professionals and entrepreneurs with experience in private equity, mergers and acquisitions, and capital markets. MCVT seeks opportunities across a broad range of industries, with an emphasis on companies that can benefit from strategic guidance and public-market access. The management team’s background spans corporate finance, operational leadership, and strategic development.

Upon successful completion of a business combination, Mill City Ventures III will transition from a shell company to an operating public entity. At that time, investors in MCVT will hold equity in an active business rather than units in a SPAC. The company’s board and advisors are structured to support post-merger governance and to help drive growth initiatives for the combined enterprise.

To date, Mill City Ventures III has focused on sourcing targets primarily in North America, where the sponsor group maintains its network of corporate and financial relationships. The company continues to review potential transactions in sectors ranging from industrial technology to consumer products and specialty manufacturing. Leadership and advisory teams are prepared to guide a target company through integration and expansion after closing a business combination.