other material
confidence high
sentiment neutral
materiality 0.60
Milestone Scientific prices $3M public offering of 4.765M shares at $0.63 per share
MILESTONE SCIENTIFIC INC.
- Offering of 4,765,000 common shares at $0.63/share; gross proceeds ~$3.0 million.
- Underwriter granted 45-day option to purchase up to 714,750 additional shares for over-allotments.
- Net proceeds after discounts and expenses ~$2.56 million; expected closing Dec 13, 2023.
- Officers and directors subject to 120-day lockup; company restricted from price-reset securities for 180 days.