Milestone Scientific Raises $2.15M in 7.96M-Unit Private Placement with Warrants
Milestone Scientific raised $2.15 million by issuing 7.96 million units at $0.27 each with warrants exercisable at 125% of the unit price, for proceeds of $2.69 million. Directors and officers invested $150,000 in cash and converted $351,000 of bridge notes to strengthen liquidity for sales, inventory, and digital marketing growth.
1. Private Placement Details
Milestone Scientific completed a private placement of 7,962,963 units at $0.27 per unit on April 20, 2026, raising $2.15 million in cash. Each unit includes one share of common stock and a warrant exercisable at 125% of the unit price, providing up to an additional $2.69 million if fully exercised.
2. Investor Participation
Certain directors and officers, including CEO Eric Hines and the chairman, participated on the same terms, investing $150,000 in cash units. They also converted approximately $351,000 of existing bridge notes into units, indicating strong insider confidence in Milestone’s technology and strategy.
3. Use of Proceeds and Growth Strategy
Proceeds will bolster Milestone’s balance sheet, funding expanded investment in sales personnel, inventory buildup, and digital marketing initiatives. The financing supports the company’s objective to scale commercial growth across its computer-controlled injection technology platforms while maintaining cost discipline.