---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-089262"
form_type: "8-K"
ticker: "SUIG"
cik: "0001425355"
company_name: "SUI Group Holdings Ltd."
filed_at: "2022-08-11T23:59:59+00:00"
generated_at: "2026-06-24T00:44:13.312123+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-089262
- form_type: 8-K
- ticker: SUIG
- cik: 0001425355
- company_name: SUI Group Holdings Ltd.
- filed_at: 2022-08-11T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425355/000110465922089262/0001104659-22-089262-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425355/000110465922089262/tm2223211d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-089262
- JSON: https://secwatch.observer/filing/0001104659-22-089262.json
- Plain text: https://secwatch.observer/filing/0001104659-22-089262.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.