Milestone Scientific nets $1.98M from selling NOLs and R&D credits to Comcast

MILESTONE SCIENTIFIC INC.

Received net $1,983,095 from Comcast Corporation on April 8, 2024 for unused NOLs and R&D tax credits.
Funds used for general corporate purposes and working capital; must spend only on NJ Program allowable expenses.
Company must maintain NJ headquarters for 5 years and file quarterly reports with the State of New Jersey.
Up to face value of tax credits subject to recapture if Company breaches NJ office or use-of-funds obligations.

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