Karatage Opportunities' Investment in Mill City Ventures III, Ltd.

Karatage Opportunities, along with several related entities and individuals, has filed a Schedule 13D with the SEC, disclosing a 5.63% ownership stake in Mill City Ventures III, Ltd. The filing details the acquisition of 4,612,547 shares of common stock at $5.42 per share, totaling approximately $25 million. The investment was made for strategic purposes, with the potential for further acquisitions or dispositions depending on market conditions and the company's performance. The filing also outlines various agreements, including a Securities Purchase Agreement, Registration Rights Agreement, and Strategic Advisor Agreement, which provide Karatage with certain rights and obligations regarding its investment. The Strategic Advisor Agreement, in particular, involves Karatage providing technical advisory services related to digital assets and cryptocurrency strategies, with a tiered asset-based fee structure.