Certain Common Stock of Mill City Ventures III, Ltd. are subject to a Lock-Up Agreement Ending on 5-FEB-2023. These Common Stock will be under lockup for 181 days starting from 8-AUG-2022 to 5-FEB-2023.

Details:
The Company's directors, executive officers and 5% and greater stockholders have agreed not to offer, pledge, sell, contract to sell, grant any option to purchase or otherwise dispose of common stock or any securities convertible into or exchangeable or exercisable for common stock or to enter into any hedge or other arrangement or any transaction that transfers, directly or indirectly the economic consequence of ownership of the shares of common stock for a period of 180 days after the date of this prospectus, without the prior written consent of the underwriter.