Filing Details
- Accession Number:
- 0001654954-25-007333
- Form Type:
- 13D Filing
- Publication Date:
- 2025-06-23 20:00:00
- Filed By:
- BERMAN LYLE
- Company:
- Mill City Ventures Iii Ltd (OTCMKTS:MCVT)
- Filing Date:
- 2025-06-24
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| BERMAN LYLE | 315,556 | 0 | 315,556 | 0 | 315,556 | 5.2% |
Filing
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
|
Mill City Ventures III, Ltd (Name of Issuer) |
COMMON STOCK, $0.001 PAR VALUE PER SHARE (Title of Class of Securities) |
59982U200 (CUSIP Number) |
Lyle A. Berman 10275 Wayzata Blvd., Suite 100 Minnetonka, MD, 55305 952-956-2875 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
03/14/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | 59982U200 |
| 1 |
Name of reporting person
BERMAN LYLE | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
 (b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
315,556.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
5.2 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person:
Note to Section 7,9,11 and 13: Based on 6,062,773 shares of common stock of the issuer that were issued and outstanding as of the date of the filing of this document.
SCHEDULE 13D
|
| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
COMMON STOCK, $0.001 PAR VALUE PER SHARE |
| (b) | Name of Issuer:
Mill City Ventures III, Ltd |
| (c) | Address of Issuer's Principal Executive Offices:
1907 WAYZATA BOULEVARD, SUITE 205, WAYZATA,
MINNESOTA
, 55391. |
| Item 2. | Identity and Background |
| (a) | Lyle Berman |
| (b) | 130 Cheshire Lane, Minnetonka, MN 55305 |
| (c) | Not applicable |
| (d) | Not applicable |
| (e) | Not applicable |
| (f) | USA |
| Item 3. | Source and Amount of Funds or Other Consideration |
Funded entirely with personal capital | |
| Item 4. | Purpose of Transaction |
The reporting person is a director of the issuer. This filing is being made solely as a result of a decrease in the number of issued and outstanding shares of the issuer's common stock, which in turn resulted from the issuer's repurchases of shares during May 2025. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | 315,556 shares of Common Stock |
| (b) | 315,556 sole voting and sole dispositive power |
| (c) | The reporting person effected no transactions during the last 60 days. This filing is being made solely as a result of a decrease in the number of issued and outstanding shares of the issuer's common stock, which in turn resulted from the issuer's repurchases of shares during May 2025. |
| (d) | Not applicable |
| (e) | Not applicable |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
The reporting person is a director of the issuer. | |
| Item 7. | Material to be Filed as Exhibits. |
None. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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