Item 8.01 Other Events.



SMC Global Stock Sale

As previously disclosed, Millennium Investment & Acquisition Company, Inc. ("MILC") has entered into a Right to Sell Agreement (the "Right to Sell") with the "promoter group" of SMC Global ("SMC") pursuant to which MILC will have a right to sell 100,000 shares of SMC back to the "promoter group" on the first day of each month commencing with April 1, 2016, and continuing until SMC completes a qualified public offering and listing on either a primary stock exchange in India or the United States. The purchase price will be the Fair Market Value, as defined, of the stock at the time of the transaction. There can be no assurance the "promoter group" will comply with their obligations related to the Right to Sell Agreement. Pursuant to this Right to Sell, On December 31, 2020, MILC completed the sale of 371,000 shares of SMCG for net proceeds of approximately $274,188.21 which translates to approximately $.74 per SMC share.

After giving effect to the sales described herein, MILC holds 7,933,690 shares of SMC Global ("SMC").

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