other material
confidence high
sentiment neutral
materiality 0.60
MLSS enters amended MoU locking up ~8.9M BP4 shares for 12 months post-$2.5M qualified offering
MILESTONE SCIENTIFIC INC.
- BP4 (controlled by Innovest) agrees to lock up ~8.9M shares of MLSS for 12 months after a Qualified Offering raising at least $2.5M.
- BP4 can distribute shares early if MLSS stock exceeds $0.50, $0.70, $0.90 for 10 consecutive days (33.33% each tranche).
- Other parties (directors, officers, Leonard Osser, United Systems) must also enter lock-up agreements.
- Company pays up to $100k in fees, including $32k within 5 days. Standstill until Jan 31 (extendable to Feb 15).
- Lock-up and MoU conditional on BP4 shareholder approval by January 25, 2026.