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Lucosky Brookman is a leader in the representation of small and micro-cap companies. The Firm has led it clients through numerous capital raise transaction and over a dozen uplisting and initial public offering transactions.  Access the latest news about Lucosky Brookman, our clients’ business transactions and industry updates here. 

Lucosky Brookman Successfully Represents Mill City Ventures III, Ltd. in $5 Million Public Offering and Nasdaq Listing

Lucosky Brookman LLP congratulates its client, Mill City Ventures III, Ltd. (NASDAQ:MCVT), a non-bank lender and specialty finance company, on its successful pricing of its underwritten public offering of 1,250,000 shares of common stock at a public offering price of $4.00 per share, for aggregate gross proceeds of $5,000,000, before underwriting discounts and commissions. In addition, the Company has granted the underwriters a 45-day option to purchase up to 187,500 additional shares of common stock at the offering price, less the underwriting discount. Concurrent with the offering, the Company commenced trading on the Nasdaq Capital Market.

The Company intends to use the net proceeds of this offering primarily for general corporate purposes, including working capital, expanded sales and marketing activities, and providing additional specialty short-term loans.

Lucosky Brookman acted as corporate and securities counsel to the Company, while Alexander Capital, LP is acting as sole book-running manager for the offering.