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Mill City Ventures III (Nasdaq: MCVT) completed a sizable private placement that closed 31-Jul-25. The company sold 75,881,625 common shares at $5.42 and issued 7,144,205 pre-funded warrants at $5.4199, lifting outstanding shares to 81,944,398. The securities were issued under Sections 4(a)(2)/Rule 506(b) exemptions.

A.G.P./Alliance Global Partners served as sole placement agent, earning up to a 4 % cash fee on the first $500 million raised and 3,113,469 five-year warrants exercisable at $5.962.

Management will direct the bulk of proceeds to acquire Sui (鈥淪UI鈥�) tokens and related crypto assets for a new treasury program; only 2 % is allocated to the legacy short-term lending unit.

Additional five-year warrants covering roughly 7.68 million shares were granted to Karatage (lead investor), the Sui Foundation, management, advisers and director Dana Wagner (vests over 24 months). Karatage may nominate at least one board seat while holding 鈮�10 % and has a ten-year strategic-advisor contract.

Galaxy Digital was retained to manage the first $750 million of digital assets for a 0.60-0.80 % fee (minimum $1 million/yr). A Registration Rights Agreement requires the resale registration statement to be effective within 30鈥�60 days.

The board expanded to five: Lyle Berman resigned; Marius Barnett (Chair) and Dana Wagner joined. CEO Douglas Polinsky and CFO Joseph Geraci signed new three-year agreements at $450k salary. Amended bylaws now allow board-size flexibility and shareholder director nominations.

Key filing: Post-Effective Amendment No. 2 to Form F-1 refreshes Webuy Global Ltd.鈥檚 prospectus for a best-efforts capital raise of up to US$10 million in Class A ordinary shares and/or pre-funded warrants.

Offering mechanics

• Assumed price: US$7.60 per share (last Nasdaq close 11 Jul 2025); final price to be negotiated and may be lower.
• Estimated issuance: 1,315,790 Class A shares (or equivalent warrants). Every exercised warrant offsets one share issued.
• No minimum subscription; proceeds and dilution depend on actual demand.
• D. Boral Capital LLC engaged as exclusive placement agent; 6.5 % cash commission (鈮圲S$650 k) plus US$120 k expense allowance.
• Lock-up: 90-day restriction on new issuances by the company, directors, officers and 鈮�10 % holders.

Use of proceeds (pro-forma US$9.1 m net)

• 40 % 鈥� Development of AI travel-assistant platform.
• 40 % 鈥� R&D for AI-integrated travel hardware.
• 20 % 鈥� General working capital.

Capitalisation impact

• Shares outstanding rise from 1,045,336 to 2,361,126 (assuming full sale and warrant exercise).
• Cash increases from US$4.15 m to US$13.25 m; total shareholders鈥� equity rises to US$16.23 m.
• Pro-forma net tangible book value per share falls from US$7.62 to US$7.17, creating US$0.43 per-share dilution to new investors.

Recent corporate background

• IPO completed Oct 2023 (US$17.48 m gross incl. over-allotments).
• Multiple follow-on financings in 2024 (self-underwritten US$2.9 m, registered direct US$3.7 m) and a US$2.4 m convertible note (subsequently repaid).
• Share consolidations in Jan 2025 (1-for-40) and Mar 2025 (1-for-3) resulted in current 2.17 b authorised shares (2.166 b Class A / 416.7 k Class B).
• Class B shares carry 10 votes and receive no dividends; further issuances could dilute Class A voting power.
• Nasdaq Capital Market ticker 鈥淲BUY鈥�. Company regained compliance with the US$1.00 bid-price rule on 30 Apr 2025 after a temporary suspension.

Risk highlights

• History of operating losses and negative cash flow.
• Highly competitive SEA e-commerce and travel landscape.
• Best-efforts structure means funds may be substantially below the US$10 m maximum, yet investors receive no refund.
• Potential volatility and further dilution from warrants, future offerings, or Class B issuances.

Overall The amendment chiefly updates pricing assumptions, share counts and recent corporate developments while affirming that no additional securities are being registered and that all prior fees have been paid.

WEBUY GLOBAL LTD (Nasdaq: WBUY) has filed Post-Effective Amendment No. 1 to its previously effective Form F-1, converting the document into a preliminary prospectus for a best-efforts follow-on raise of up to US$10 million in Class A ordinary shares and/or pre-funded warrants. The securities will be priced at the time of sale; financial disclosures assume an illustrative price of $5.63 per share, equal to the 27 June 2025 close.

Capital structure. The company is authorised to issue 2.17 billion shares (2.17 billion Class A and 416,666 Class B). Prior to the offering there are only 1,045,336 Class A shares outstanding plus 178,296 Class B shares; if the entire offering is sold and all pre-funded warrants are exercised, outstanding Class A shares will rise to 2,821,535, increasing the public float by c. 170% and producing meaningful dilution. Class B shares carry 10 votes per share and are not entitled to dividends, entrenching founder control.

Use of proceeds. Net proceeds are estimated at $9.1 million (after 6.5 % placement commission and expenses) and are earmarked 40 % for further development of the AI travel-assistant platform, 40 % for R&D of AI-integrated travel hardware, and 20 % for general working capital.

Offering mechanics. 鈥� Best-efforts鈥攏o minimum raise and no underwriter purchase commitment. 鈥� D. Boral Capital LLC acts as exclusive placement agent. 鈥� 90-day lock-up on the company, insiders and 鈮�10 % holders. 鈥� Pre-funded warrants are exercisable at $0.0001 and limited to 4.99 % (optionally 9.99 %) ownership.

Recent corporate activity. 鈥� Completed US IPO in Oct-2023 (gross $17.48 m) and several follow-on financings in 2024, including a registered direct ($3.7 m) and self-underwritten sale ($2.9 m). 鈥� Undertook two share consolidations (1-for-40 and 1-for-3) and regained Nasdaq compliance after a January 2025 delisting notice. 鈥� Launched the Micky 1.0 AI travel assistant (Dec-2024) and expanded O2O franchise model.

Key risks highlighted. Persistent operating losses and negative cash flow; highly dilutive dual-class capital; reliance on group-buy leaders; competitive e-commerce and travel sectors; best-efforts structure may leave company under-funded; potential future Nasdaq compliance issues.

The amendment emphasises that no securities have yet been sold under the original registration statement and that only the assumed price has changed; all registration fees were previously paid.

Webuy Global Ltd (WBUY) filed a Form 6-K for June 2025 disclosing an Exhibit 99.1 titled 鈥淲ebuy Global Ltd Integrates Coinbase to Accept Stablecoin Payments 鈥� Leading the Way in Travel Technology and Digital Payments.鈥�

The filing signals that the Singapore-based e-commerce and travel-technology firm has formally added Coinbase-supported stablecoin settlement to its payment options. No financial metrics, transaction values, or earnings data were provided in the document; the 6-K serves primarily as a notice of the new payment integration. The report was signed by CEO Bin Xue on 30 June 2025.

The U.S. Securities and Exchange Commission has issued a Notice of Effectiveness for Digital Ally, Inc. (ticker: DGLY) on June 27, 2025.

The notice, filed under accession number 0001641172-25-015434 and submission type POS AM, applies to File Number 333-284448. The document confirms the effectiveness of a previously submitted registration statement. No financial figures, transaction details, or strategic commentary are included in this filing.

Given the absence of quantitative data or additional disclosures, this filing appears to be a routine procedural update intended to inform the market of the registration statement鈥檚 effective status.

Webuy Global Ltd (WBUY) has filed a Form 6-K reporting two significant developments in June 2025. First, the company has been recognized as one of Asia-Pacific's fastest-growing companies by the Financial Times, highlighting its strong market performance in the region.

Second, and notably more strategic, Webuy has entered into a landmark agreement with CTG MICE Service Company Limited, a subsidiary of China Tourism Group. This partnership is specifically aimed at enhancing inbound tourism to China, potentially opening new revenue streams and market opportunities.

The filing was signed by CEO Bin Xue at the company's Singapore headquarters. Webuy Global confirms it will continue to file annual reports under Form 20-F, indicating its status as a foreign private issuer listed on U.S. exchanges.

• Key exhibits include the Financial Times recognition announcement (#99.1)
• Strategic partnership agreement with CTG MICE Service Company Limited (#99.2)

WeBuy Global Ltd. (Nasdaq: WBUY) has filed a Form F-1 to register up to $10 million of Class A ordinary shares and/or Pre-Funded Warrants on a best-efforts, no-minimum basis. The preliminary prospectus assumes a reference price of $10.00 per Class A share, implying a maximum issuance of 1 million shares, but the final pricing may vary.

The company is currently capitalised at 1,045,336 Class A and 178,296 Class B shares; Class B carries 10脳 voting power and no economic rights other than liquidation. Post-offering and full warrant exercise, the Class A share count could rise to 2,045,336, representing near-100 % dilution to existing Class A holders. Additional Class B issuances remain possible, further entrenching controlling shareholders.

Pre-Funded Warrants will be priced at the share offering price minus $0.001, are immediately exercisable, expire in five years and are subject to an initial 4.99 % (optionally 9.99 %) ownership cap. Every warrant sold reduces share issuance on a one-for-one basis. The company will cover all offering expenses; the placement agent, D. Boral Capital LLC, will receive an indicative 6.5 % commission.

Because there is no minimum raise, proceeds could be substantially below the $10 million headline and may be inadequate to execute the stated business plan. Funds will be available for immediate use (see 鈥淯se of Proceeds,鈥� page 17). The issuer is an Emerging Growth Company and Foreign Private Issuer, enabling reduced SEC reporting requirements. Corporate domicile is the Cayman Islands; all operating assets are held via subsidiaries in Singapore and Indonesia, meaning investors purchase exposure to a non-operating holding company.

Key risks disclosed include potential failure to raise sufficient capital, dilution, the dual-class structure that limits Class A influence, and regulatory uncertainties associated with foreign operations. The SEC has not yet declared the registration statement effective, and the prospectus remains subject to completion and amendment.