SUI Group SUIG
Sui Group Holdings Limited, formerly known as Mill City Ventures III, Ltd., is a Minnesota corporation headquartered in Wayzata, Minnesota. 10-K, Item 1
- Headquarters
- Wayzata, MN
- Next results
- around Feb 25, 2027
What changed
133 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 27, 2026 against Mar 10, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
8 checks on the latest 10-K. Checks, not verdicts.
1fact worth reading about the other 7 checks found nothing to note
-
Material weakness in internal control“The Chief Executive Officer (CEO) and the Chief Financial Officer (CFO), with assistance from other members of management, have reviewed the effectiveness of our disclosure controls and procedures as of December 31, 2025 and, based on their evaluation, have concluded that the disclosure controls and procedures were not effective as of such date due to a material weakness in internal control over financial reporting, described below.”
-
Same auditor in both 10-Ks: Boulay PLLP
6 more checks with nothing to note
-
No statement of substantial doubt about going concern
-
No 8-K item 4.02 in the last 2 years
-
No NT 10-K or NT 10-Q in the last 2 years
-
No longer listed: F-2; Valuation of investments which utilize significant unobservable inputs
-
No 8-K item 2.06 in the last 2 years
-
No 8-K item 1.03 in the last 2 years
In their words
133 paragraphs in Risk Factors that were not in the 10-K filed Mar 10, 2025. Quoted as filed.
-
Item 1A · new paragraph · not in the 10-K filed Mar 10, 2025 10-K, ITEM 1A
Our financial results and the market price of our Common Stock may be affected by the price of SUI. As part of our capital allocation strategy for assets that are not required to provide working capital for our ongoing operations, we have invested and will continue to invest in SUI. As of February 23, 2026, we held an aggregate of…
-
Item 1A · new paragraph · not in the 10-K filed Mar 10, 2025 10-K, ITEM 1A
Under Sections 3(a)(1)(A) and (C) of the 1940 Act, a company generally will be deemed to be an “investment company” if (i) it is, or holds itself out as being, engaged primarily, or proposes to engage primarily, in the business of investing, reinvesting, or trading in securities or (ii) it engages, or proposes to engage, in the business…
-
Item 1A · new paragraph · not in the 10-K filed Mar 10, 2025 10-K, ITEM 1A
With respect to Section 3(a)(1)(A), following the launch of our SUI treasury strategy, an amount in excess of 40% of our total assets were used to acquire SUI. Since we believe SUI is not an investment security, we do not hold ourselves out as being engaged primarily, nor do we propose to engage primarily, in the business of investing,…
-
Item 1A · new paragraph · not in the 10-K filed Mar 10, 2025 10-K, ITEM 1A
The price of our Common Stock has been and may continue to be volatile and fluctuate substantially, which could result in substantial losses for purchasers of our Common Stock. Our stock price has been and is likely to continue to be volatile. The stock market in general has experienced extreme volatility that has often been unrelated…
New risk paragraphs, against peers
Latest 10-K of each, Crypto companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 3 fiscal years · 10-K XBRL
| Metric | FY2010 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $3K | $3.3M | $3.9M |
| Net income | −$149K | $1.2M | −$266.1M |
| Operating cash flow | −$62K | $5.7M | −$8.2M |
Revenue, FY2010 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$3.9M ▲ 18.1% in FY2025−$266.1M in FY2025
Recent filings
2 filings in the last 30 days · SEC EDGAR
-
10-QNov 6, 2026Quarterly report (10-Q) period ended Sep 30, 2026
-
8-KNov 5, 2026Quarterly results 8-K item 2.02
About the company
SUI Group, Wayzata, MN · from the 10-K filed Feb 27, 2026
Sui Group Holdings Limited, formerly known as Mill City Ventures III, Ltd., is a Minnesota corporation headquartered in Wayzata, Minnesota. The Company was originally incorporated as Mill City Ventures III, Ltd. in the State of Minnesota on January 10, 2006. From our inception until December 13, 2012, we operated as a development-stage company involved in the gaming and entertainment industry. In 2013, we elected to become a business development company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”). We operated as a BDC until we withdrew our BDC election on December 27, 2019.
- Headquarters
- Wayzata, MN
- Country
- United States
- Reports in
- USD
- Listed on
- Nasdaq
- Fiscal year ends
- December 31
- Last results
- Nov 5, 2026
- Incorporated in
- MN
Email alerts
Sources
The 10-K filed Feb 27, 2026 (open at SEC), compared with the 10-K filed Mar 10, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/SUIG/export.csv") into a cell.