Milestone Scientific elected to convert remaining amounts of amended convertible bridge notes into common stock once fair value reaches $0.50 and insiders clear trading compliance.
Key Highlights:
- Three directors submitted conversion notices to convert remaining principal and accrued interest of their Convertible Bridge Notes into common stock.
- Remaining outstanding principal per holder: $116,495.47 (Casamento), $58,247.73 (Demesmin), $291,238.66 (Goldman).
- Conversions will automatically occur when the Fair Value of common stock is at least $0.50 per share and insider trading pre-clearance is satisfied.
- No shares have been issued under these Conversion Notices as of the filing date.
Original SEC Filing:
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