Acquisition Letter Of Intent Sends Micro Cap Higher

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, December 6, 2022

A Minnesota-based micro cap had a strong day on Tuesday after the company announced that it has entered into a non-binding letter of intent for a merger transaction with Mustang Funding, LLC dba Mustang Litigation Funding, a Delaware limited liability company owning and operating a Minneapolis-based litigation finance business focusing on the long-term capital needs of law firms, plaintiffs and vendors, according to the release.

This news sent shares of Mill City Ventures III Ltd (OTCQB:MCVT) higher as traders snatched up shares until it closed up at $2.11/share (+5.50%). This move could be confirmation of the support this stock has found during the last few months, potentially leading into the next rally!

Mill City Ventures III Ltd is a non-bank lender and specialty finance company. The company is engaged in the business of providing short-term specialty finance solutions primarily to private businesses, micro-and small-cap public companies, and high-net-worth individuals.

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