# EDGAR Filing Document

**Accession Number:** 0000903291
**File Stem:** 0001654954-25-007333
**Filing Date:** 2025-6
**Character Count:** 5631
**Document Hash:** c9102417e8124979255b585f518aa2fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-25-007333.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001654954-25-007333

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mill City Ventures III, Ltd
- **CENTRAL INDEX KEY:** 0001425355
- **STANDARD INDUSTRIAL CLASSIFICATION:** SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 900316651
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-84159
- **FILM NUMBER:** 251067156

**BUSINESS ADDRESS:**
- **STREET 1:** 1907 WAYZATA BOULEVARD
- **STREET 2:** SUITE 205
- **CITY:** WAYZATA
- **STATE:** MN
- **ZIP:** 55391
- **BUSINESS PHONE:** (952) 479-1923

**MAIL ADDRESS:**
- **STREET 1:** 1907 WAYZATA BOULEVARD
- **STREET 2:** SUITE 205
- **CITY:** WAYZATA
- **STATE:** MN
- **ZIP:** 55391

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** POKER MAGIC INC
- **DATE OF NAME CHANGE:** 20080129
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BERMAN LYLE
- **CENTRAL INDEX KEY:** 0000903291

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**MAIL ADDRESS:**
- **STREET 1:** 10275 WAYZATA BOULEVARD
- **STREET 2:** SUITE 100
- **CITY:** MINNETONKA
- **STATE:** MN
- **ZIP:** 55305

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**Mill City Ventures III, Ltd**

*(Name of Issuer)*

**COMMON STOCK, $0.001 PAR VALUE PER SHARE**

*(Title of Class of Securities)*

**59982U200**

*(CUSIP Number)*

**Lyle A. Berman**<br>10275 Wayzata Blvd.<br>Suite 100<br>Minnetonka MD 55305<br>952-956-2875

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**03/14/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **59982U200** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**BERMAN LYLE** | Name of reporting person<br>**BERMAN LYLE** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**315556.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**315556.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**315556.00** | Aggregate amount beneficially owned by each reporting person<br>**315556.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.2%** | Percent of class represented by amount in Row (11)<br>**5.2%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Note to Section 7,9,11 and 13: Based on 6,062,773 shares of common stock of the issuer that were issued and outstanding as of the date of the filing of this document.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
COMMON STOCK, $0.001 PAR VALUE PER SHARE

**(b) Name of Issuer:**
Mill City Ventures III, Ltd

**(c) Address of Issuer's Principal Executive Offices:**
1907 WAYZATA BOULEVARD, SUITE 205, WAYZATA, MN, 55391

**Item 4. Purpose of Transaction**

The reporting person is a director of the issuer. This filing is being made solely as a result of a decrease in the number of issued and outstanding shares of the issuer's common stock, which in turn resulted from the issuer's repurchases of shares during May 2025.

**Item 5. Interest in Securities of the Issuer**

**(a)**
315,556 shares of Common Stock

**(b)**
315,556 sole voting and sole dispositive power

**(c)**
The reporting person effected no transactions during the last 60 days.  This filing is being made solely as a result of a decrease in the number of issued and outstanding shares of the issuer's common stock, which in turn resulted from the issuer's repurchases of shares during May 2025.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The reporting person is a director of the issuer.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** BERMAN LYLE

**Signature:** /s/ Lyle Berman

**Name/Title:** Lyle Berman

**Date:** 06/24/2025