- Milestone Scientific (NYSE:MLSS) has priced its public offering of 4.75M common shares and warrants to purchase up to an aggregate of ~2.38M common shares.
- Each share of common stock is sold together with a warrant to purchase 0.50 of one common stock at a combined price of $0.95, for expected gross proceeds of ~$4.5M.
- Underwriters over-allotment is an additional 712,500 shares/warrants to purchase up to 356,250 common shares.
- The three-year warrants will be exercisable at $1.20/common share.
- Closing date is April 14.
- Shares are down 10% premarket.