Mill City Ventures closes $5M public offering, uplists to Nasdaq Capital Market

SUI Group Holdings Ltd.

Closed underwritten public offering of 1,250,000 shares at $4.00/share, gross proceeds $5.0M.
Common stock started trading on Nasdaq Capital Market on August 9, 2022.
Implemented 1-for-2.25 reverse stock split effective August 9, 2022.
Net proceeds to be used for working capital, expanded sales/marketing, and additional specialty short-term loans.
Underwriters have 45-day option to purchase up to 187,500 additional shares at offering price.

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