false 0000855683 0000855683 2024-01-12 2024-01-12
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): January 12, 2024
 
Milestone Scientific Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
(State or other jurisdiction
of incorporation)
  
001-14053
(Commission
File Number)
  
13-3545623
(IRS Employer
Identification No.)
 
425 Eagle Rock Avenue, Suite 403
Roseland, NJ
(Address of principal executive offices)
  
07068
(Zip Code)
 
Registrant’s telephone number, including area code (973) 535-2717
 
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name on exchange on which registered
Common Stock
MLSS
NYSE American
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
Item 1.01         Entry into a Material Definitive Agreement
 
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. The public offering price for each share of Common Stock was $0.63, and the Company sold the shares to the Underwriter at a 7.5% discount to the public offering price.
 
Pursuant to the overallotment option granted to the Underwriter in the Underwriting Agreement, on January 12, 2024, the Underwriter exercised the overallotment option as to 372,110 shares of Common Stock at the same price to cover over-allotments. The proceeds to the Company from the exercise of the overallotment, after underwriting discounts and commissions, was $216,847.
 
Item 7.01         Regulation FD Disclosure
 
The Company issued a press release on January 12, 2024, announcing the exercise of the overallotment option. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
 
 
 
 
Item 9.01     Financial Statements and Exhibits
 
 
(d)    Exhibits
Method Filing
       
  The following exhibit is filed with this report:
       
  104 Cover Page Interactive Data File (embedded within the Inline XBRL document)  
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
MILESTONE SCIENTIFIC INC.
  
     
Dated: January 12, 2024 
By:  
/s/ Arjan Haverhals
  
   
Arjan Haverhals
  
   
Chief Executive Officer
  
 
 
v3.23.4
Document And Entity Information
Jan. 12, 2024
Document Information [Line Items]  
Entity, Registrant Name Milestone Scientific Inc.
Document, Type 8-K
Document, Period End Date Jan. 12, 2024
Entity, Incorporation, State or Country Code DE
Entity, File Number 001-14053
Entity, Tax Identification Number 13-3545623
Entity, Address, Address Line One 425 Eagle Rock Avenue, Suite 403
Entity, Address, City or Town Roseland
Entity, Address, State or Province NJ
Entity, Address, Postal Zip Code 07068
City Area Code 973
Local Phone Number 535-2717
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol MLSS
Security Exchange Name NYSE
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0000855683
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