Milestone Scientific underwriter exercises overallotment, raising $216,847

MILESTONE SCIENTIFIC INC.

Maxim Group exercised overallotment for 372,110 shares at $0.63 per share on Jan 12, 2024.
Net proceeds to Milestone Scientific after underwriting discounts and commissions: $216,847.
Shares sold to underwriter at 7.5% discount to $0.63 public offering price.
Overallotment is part of December 10, 2023, public offering of 4,765,000 shares.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MILESTONE SCIENTIFIC INC. entered into Underwriting Agreement with Maxim Group LLC (effective 2023-12-10).

Action: entry
Agreement: underwriting
Counterparty: Maxim Group LLC
Effective: 2023-12-10

Exact text from the filing

On December 10, 2023, Milestone Scientific Inc. (the "Company") entered into an Underwriting Agreement (the "Underwriting Agreement") with Maxim Group LLC, acting as sole underwriter and book-running manager (the "Underwriter"), for a public offering (the "Offering") of an aggregate of 4,765,000 shares of common stock, par value $0.001 per share (the "Common Stock") of the Company.

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MILESTONE SCIENTIFIC INC. filing history →

Source: SEC EDGAR

accession 0001437749-24-001289

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