Mill City Ventures III, Ltd (MCVT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 168.96% of current shares
Recent Dilution: 2412.95% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
81M
Potential Supply
140M
Additional shares possible
Splits
None
Past 2 years

Summary

MCVT currently has 80.9M outstanding shares. with significant dilution risk as 137M authorized shares could dilute existing holders by 169.0%. The company has significantly diluted shareholders by 2412.95% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 08, 2026

10-Q filing | 80.9M shares outstanding

81M 140M
Sep 16, 2025

S-1/A filing: S-1/A filing for the potential offer and sale from time to time by A.G.P./Alliance Global Partners of up to 86,994,345 shares of common stock of Sui Group Holdings Limited pursuant to a common stock purchase agreement, establishing a principal equity facility.

82M 140M
Sep 05, 2025

S-1/A filing: This prospectus covers the offer and potential resale by certain selling stockholders of shares of common stock, pre-funded warrant shares, and shares issuable upon the exercise of warrants.

82M 19M
Aug 14, 2025

10-Q filing | 6.2M shares outstanding

6.2M 110M
Aug 08, 2025

S-1 filing: This S-1 filing registers the offer and potential resale of up to 94,026,755 shares of common stock by selling stockholders, as well as shares issuable upon exercise of warrants.

82M 37M
Jul 31, 2025

8-K filing: Mill City Ventures III, Ltd. completed a private placement offering of common stock and warrants, issuing 75,881,625 shares of common stock at $5.42 per share and pre-funded warrants to purchase up to 7,144,205 shares at $5.4199 per warrant. The company also issued warrants to Karatage Opportunities, the Sui Foundation, certain members of management, and advisors to purchase an aggregate of 7,680,700 shares of common stock at various exercise prices. The company also amended and restated its bylaws. ($410.29M proceeds)

82M 0
May 13, 2025

10-Q filing | 6.4M shares outstanding

6.4M 360K
Mar 10, 2025

10-K filing | 6.4M shares outstanding

6.4M 350K
Nov 12, 2024

10-Q filing | 6.4M shares outstanding

6.4M 350K
Aug 14, 2024

10-Q filing | 6.4M shares outstanding

6.4M 350K
May 15, 2024

10-Q filing | 6.4M shares outstanding

6.4M 350K
Apr 02, 2024

10-K filing | 6.4M shares outstanding

6.4M 370K
Nov 17, 2023

10-Q filing | 6.2M shares outstanding

6.2M 490K
Aug 15, 2023

10-Q filing | 6.2M shares outstanding

6.2M 550K
May 22, 2023

10-Q filing | 6.2M shares outstanding

6.2M 550K
Apr 17, 2023

10-K filing | 6.2M shares outstanding

6.2M 550K
Nov 18, 2022

10-Q filing | 6.2M shares outstanding

6.2M 550K
Aug 15, 2022

10-Q filing | 10.8M shares outstanding

11M 0
Aug 09, 2022
Stock Split

8-K filing: Stock split 1-for-2.25 | Outstanding: 10,790,413 → 4,795,691

4.8M 1.9M
Aug 08, 2022

S-1/A filing: The filing is an S-1/A amendment to a registration statement for a public offering of up to 1,250,000 shares of common stock, up to 187,500 shares of common stock for over-allotments, up to 75,000 warrants to purchase 75,000 shares of common stock, and up to 75,000 shares of common stock underlying the warrants.

11M 4.4M
Aug 04, 2022

S-1/A filing: This is an S-1/A filing detailing expenses related to the sale and distribution of securities, indemnification of directors and officers, and recent sales of unregistered securities.

11M 2.7M
Jul 28, 2022

S-1/A filing: This is an S-1/A filing detailing expenses related to the sale and distribution of securities, indemnification of directors and officers, and recent sales of unregistered securities.

11M 2.7M
May 13, 2022

10-Q filing | 10.8M shares outstanding

11M 2.7M
Mar 14, 2022

10-K filing | 10.8M shares outstanding

11M 2.7M
Feb 11, 2022

S-1 filing: Mill City Ventures III, Ltd. is issuing 2,697,603 warrants as a dividend to holders of common stock, each warrant exercisable for one share of common stock at an exercise price of $4.00.

11M 2.7M
Nov 12, 2021

10-Q filing | 10.8M shares outstanding

11M 0
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