secwatch.observer — SEC 8-K summary
======================================

Issuer:     MILESTONE SCIENTIFIC INC. (MLSS)
CIK:        0000855683
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001493152-26-018231
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Milestone Scientific closes $2.15M private placement of units at $0.27/unit
---------------------------------------------------------------------------

- Issued 7,962,963 units, each consisting of one common share and one warrant (exercise $0.3375, 3-yr term).
- Gross proceeds $2.15M: $1.80M cash + $0.351M conversion of director/officer bridge notes; no placement agent.
- Directors and officers purchased $150K cash units and converted $351K bridge notes on same terms as investors.
- Proceeds for working capital and past due payables; additional $2.69M if warrants fully exercised.
- 12-month lock-up agreements for directors, officers, and certain stockholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/855683/000149315226018231/0001493152-26-018231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/855683/000149315226018231/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-018231

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer