# EDGAR Filing Document

**Accession Number:** 0001425355
**File Stem:** 0001140361-26-022350
**Filing Date:** 2026-5
**Character Count:** 15161
**Document Hash:** 5b736aec2bb587f8b6e858c63f5bf83c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-26-022350.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0001140361-26-022350

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260521

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SUI Group Holdings Ltd.
- **CENTRAL INDEX KEY:** 0001425355
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 900316651
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41472
- **FILM NUMBER:** 261006106

**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:** Mill City Ventures III, Ltd
- **DATE OF NAME CHANGE:** 20121213

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

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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### FORM 8-K

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#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): May 21, 2026

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| |
|:---|
| **SUI GROUP HOLDINGS LIMITED**<br>|
| **(Exact name of registrant as specified in its charter)** |

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| | | |
|:---|:---|:---|
| **Minnesota**<br>| **001-41472**<br>| **90-0316651**<br>|
| **(State or other jurisdiction of incorporation)** | **(Commission File Number)** | **(I.R.S. Employer Identification No.)** |

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| | |
|:---|:---|
| **1907 Wayzata Boulevard, Suite 205, Wayzata, MN** | **55391**<br>|
| **(Address of principal executive offices)** | **(Zip Code)** |

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(952) 479-1923

#### (Registrant's telephone number, including area code)

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#### (Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br> **symbol(s)** | **Name of each exchange**<br> **on which registered** |
| Common Stock, $0.001 par value per share<br>| SUIG<br>| The Nasdaq Stock Market LLC<br>|

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure** |

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On May 21, 2026, Sui Group Holdings Limited (the "Company") issued a press release announcing that its treasury holdings had risen to 108,793,779 SUI. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this Item 7.01 by reference. The information in Item 7.01 (including Exhibit 99.1) are "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of such section nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1](ef20074385_ex99-1.htm) | Press Release, dated May 21, 2026 |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL) |

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | SUI GROUP HOLDINGS LIMITED | SUI GROUP HOLDINGS LIMITED |
| Date: May 21, 2026 | By: | /s/ Douglas M. Polinsky |
|  |  | Douglas M. Polinsky |
|  |  | Chief Executive Officer |

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## Exhibit 99.1

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**Exhibit 99.1**<br>

**** <br> ![](image0.jpg)

#### SUI Group's Total Treasury Holdings Rise to 108,793,779 SUI

#### as of May 19, 2026

*SUIG's Discount to NAV Has Compressed Meaningfully as Institutional Demand for Public-Market SUI Exposure Continues to Build*

**WAYZATA, MN, May 21, 2026** – SUI Group Holdings Limited (NASDAQ: SUIG) ("SUI Group," "SUIG" or the "Company"), today announced that as of May 19, 2026, its total SUI holdings increased to 108,793,779 (including digital asset loans), primarily driven by lending activities in the SUI ecosystem and native staking rewards. The Company also noted that the discount of its share price to net asset value has compressed meaningfully in recent months reflecting new investments, the appreciation in the SUI price and adjustments in the book value of the legacy lending book. Based on current market prices, SUI Group is trading at an approximate 0.91x market net asset value ("mNAV"), which management believes reflects increasing investor recognition of its differentiated treasury strategy and long-term positioning within the Sui ecosystem. SUI Group's total shareholders' equity, as set out in the company's most recent 10Q filing, was $100,788,670 as of March 31, 2026.

Stephen Mackintosh, Chief Investment Officer of SUI Group, said, "We believe the Sui ecosystem continues to evolve into a foundational layer for the next generation of financial infrastructure, and SUI Group is focused on building alongside that growth. Our recent investment in Nof1 and strategic participation in Recursive Superintelligence's funding round reflect our conviction that agentic finance will define the next era of capital markets, and we intend to be at the forefront of that shift."

"Our focus is not simply accumulating SUI but driving long-term shareholder value through disciplined capital allocation across treasury growth, staking, digital asset lending, ecosystem infrastructure and opportunistic share repurchases when we believe our stock is undervalued relative to the intrinsic value of our platform. Each of these pillars is intended to reinforce the others, and we believe the compounding effect of that strategy will drive meaningful value for our shareholders over time."

SUI Group Treasury Update

• **Treasury**: 108,793,779 SUI (including digital asset loans) as of May 19, 2026.

• **SUI Value**: Approximately $115 million using the May 19, 2026 price of $1.06 per SUI<sup>1</sup>.

• **SUI per Share**: Using fully adjusted shares<sup>2</sup> issued and outstanding as of May 19, 2026 of 80.9 million shares, SUI Group remained flat at 1.34 SUI per share of common stock (vs approximately 1.34 on January 7, 2026), or $1.43 per share of common stock (vs $2.42 on January 7, 2026).

• **Staking**: Substantially all of the Company's SUI is being staked, earning an approximate yield of 1.8%. The current estimated daily yield is approximately 5,200 SUI.

#### Supplemental Information on mNAV

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<sup>1</sup> Based on the SUI/USD price on May 19, 2026, as reported by Coinbase.

<sup>2</sup> Includes issued shares, as well as issued but unexercised pre-funded warrants.

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SUIG estimates its mNAV by aggregating the value of its digital assets, cash balances and other NAV divided by the number of its outstanding common stock (including pre-funded warrants). Using the closing price of SUIG common stock and SUI token price on May 19, 2026, SUIG is trading at an approximate mNAV of 0.91x, with calculation details below.

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| | |
|:---|:---|
| **M / NAV Calculation** | **M / NAV Calculation** |
| Outstanding Shares incl. Pre-Funded Warrants | 80896554  |
| Current Share Price | $1.56 |
| **Market Cap** | $126198624 |
| SUI/Share | 1.34 |
| ***NAV*** |  |
| **SUI Holdings** | **$115321406** |
| - number | 108793779  |
| - current price | $1.06 |
| USDC / USDT / SuiUSDe /Cash | $14384885 |
| Other NAV | $9057970 |
| - portfolio investments | $8670165 |
| - other Net Assets | $387805 |
| **NAV**  | **$138764261** |
| **M/NAV** | **0.91x** |

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#### <br>

#### Supplemental Measures

The trading price of the Company's common stock is informed by numerous factors in addition to Company's SUI holdings and its actual or potential shares of common stock outstanding, and as a result, the trading price of the Company's common stock can deviate significantly from the market value of the Company's SUI holdings, and mNAV is not indicative or predictive of the trading price of the Company's common stock.

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Investors should rely on the financial statements and other disclosures contained in the Company's SEC filings. Such metrics are merely supplements, not substitutes to the financial statements and other disclosures contained in the Company's SEC filings.

Non-GAAP Financial Information

This press release includes certain non-GAAP financial measures that are not presented in accordance with U.S. generally accepted accounting principles ("GAAP"). These non-GAAP financial measures include, but are not limited to, net asset value and mNAV.

SUI Group uses these non-GAAP financial measures to supplement its GAAP results in order to provide investors with additional insight into the Company's operating performance and cost structure. Management believes these non-GAAP measures are useful to investors because they are industry standard financial reporting metrics for digital asset treasury companies.

These non-GAAP financial measures should not be considered in isolation or as a substitute for, or superior to, financial measures prepared in accordance with GAAP. The principal limitation of these non-GAAP measures is that they exclude expenses and losses that are required to be recorded under GAAP and that may have a material impact on the Company's financial results. In addition, other companies, including companies in the digital asset and financial services industries, may calculate similarly titled non-GAAP measures differently, which limits their usefulness for comparative purposes.

To compensate for these limitations, SUI Group encourages investors to review the Company's non-GAAP financial measures together with the most directly comparable GAAP financial measures, which are presented in the tables herein.

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| | |
|:---|:---|
| GAAP to mNAV Reconciliation (USD) |  |
| Total Shareholders' Equity - 31 March 2026 | 100788670 |
| GAAP Adjustments 1 |  |
| Digital Asset Loan Receivable (current and non-current) | (2247760) |
| Digital Assets | (81807419) |
| Digital Asset Receivable | (19469019) |
| Deferred Income (current and non-current) | 16800000 |
| Other Adjustments 2 |  |
| SUI including SUI Digital Asset Receivables | 115321406 |
| SuiUSDe | 10035434 |
| Movement in Cash Balances Since 31 March 2026 | (657051) |
| NAV | 138764261 |
| Notes: |  |
| 1 - SUI tokens, digital asset receivables and deferred income as at 31 March 2026 reversed | 1 - SUI tokens, digital asset receivables and deferred income as at 31 March 2026 reversed |
| 2 - SUI tokens, SUI loans and SuiUSDe added back at prevailing market prices | 2 - SUI tokens, SUI loans and SuiUSDe added back at prevailing market prices |

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#### Forward Looking Statements
This press release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of forward-looking terminology including "may," "believe," "expect," "intend," "anticipate," "plan," "should," "estimate," "continue," "potential," "will," "hope" or other similar words and include the Company's expectation of future performance contained herein. These statements include, but are not limited to, expectations regarding the Company's future performance and growth, its ability to successfully execute its strategic plans, the Company's digital asset treasury, the implementation of the Company's stablecoin strategy, and the nature and performance of digital assets held by the Company.

Forward-looking statements are subject to significant risks and uncertainties, many of which are beyond the Company's control. Actual results may differ materially from those expressed or implied in these statements due to various factors, including but not limited to: the inherent volatility and risks associated with investing in SUI, risks associated with investing in agentic finance, challenges in executing a new treasury diversification strategy, the capabilities and limitations of the SUI blockchain, the competitive environment of the Company's business among others, and the inherent uncertainties associated with the Company's business strategy, including stablecoin implementation, and the risk factors and other factors noted in the Company's Registration Statement on Form S-1 (File No. 333-289438), Annual Report on Form 10-K, any Quarterly Reports on Form 10-Q and the other documents that the Company files with the Securities and Exchange Commission. The risk factors and other factors noted therein could cause actual results to differ materially from those contained in any forward-looking statement. The Company disclaims any duty to update and does not intend to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release, except as may be required by law.

Media Contact

Gasthalter & Co.

<u>SUIG@gasthalter.com</u>

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Investor Relations Contact

Sean Mansouri, CFA or Aaron D'Souza

Elevate IR

(720) 330-2829

<u>SUIG@elevate-ir.com</u>

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