Corporate ActionJul 29, 2026, 05:31 PM
Milestone Scientific Directors Convert $466K in Notes to Common Stock
AI Summary
Milestone Scientific Inc. directors Benedetta Casamento, Dr. Didier Demesmin, and Neal Goldman submitted notices to convert their Convertible Bridge Notes into common stock. The remaining outstanding principal amount across the three directors totals approximately $466,000. The conversions are contingent on the common stock's fair value being at least $0.50 per share and compliance with the company's insider trading policy. No shares have been issued yet as of the filing date.
Key Highlights
- Milestone Scientific directors submitted notices to convert Convertible Bridge Notes.
- Original aggregate principal amount of Convertible Bridge Notes was $800,000.
- Remaining principal for Ms. Casamento to convert: $116,495.47.
- Remaining principal for Dr. Demesmin to convert: $58,247.73.
- Remaining principal for Mr. Goldman to convert: $291,238.66.
- Total remaining principal to be converted by directors is approximately $466,000.
- Conversion is effective when common stock Fair Value is not less than $0.50 per share.
Price Impact
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