Mill City extends total credit to Mustang to $8M at 15% interest, merger discussions ongoing

SUI Group Holdings Ltd.

Extended additional $1M short-term loan to Mustang, total committed capital now $8M (nearly 50% of net assets).
Loans bear 15% annual interest; due May 31, 2024 or 90 days after termination of merger discussions.
Non-binding LOI for merger announced Dec 2022; parties working toward definitive agreement.
CEO cites transformational opportunity; Mustang expects post-merger access to public capital markets.

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