other material
confidence high
sentiment neutral
materiality 0.50
Milestone Scientific amends MOU with Innovest/BP4, extends lock-up deadline to April 17, 2026
MILESTONE SCIENTIFIC INC.
- Amendment extends deadline for BP4 lock-up agreements to April 17, 2026, with automatic extension to May 1 if a capital raise is underway.
- Qualified Offering redefined: one or more offerings within 45 days with gross proceeds of at least $900K and up to 19.99% of shares (~$2.3M at $0.29/sh).
- Company agrees to pay BP4 an additional $27,500 within 5 business days for disbursements, subject to $100K aggregate cap.
- Other Locked-Up Parties expanded to include directors, officers, and United Systems and its affiliates.