Form 8-K
8-K — MILESTONE SCIENTIFIC INC.
Accession: 0001493152-26-014892
Filed: 2026-04-02
Period: 2026-03-31
CIK: 0000855683
SIC: 3842 (ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES)
Item: Entry into a Material Definitive Agreement
Item: Financial Statements and Exhibits
Documents
8-K — form8-k.htm (Primary)
EX-10.1 (ex10-1.htm)
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2026-03-31
2026-03-31
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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): March 31, 2026
Milestone
Scientific Inc.
(Exact
name of registrant as specified in its charter)
Delaware 001-14053
13-3545623
(State
or other jurisdiction
of
incorporation)
(Commission
File
Number)
(IRS
Employer
Identification
No.)
425
Eagle Rock Road, Ste 403,
Roseland,
New Jersey
07068
(Address of principal executive
offices) (Zip
Code)
Registrant’s
telephone number, including area code (973) 535-2717
N/A
(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 Instructions 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
March 31, 2026, Milestone Scientific Inc. (the “Company”) entered into an amendment (the “Amendment”) to the
Amended and Restated Memorandum of Understanding, dated January 13, 2026 (the “MOU”), with Innovest S.p.A., as the holder
of certain consent/blockage rights with respect to BP4 S.r.l., a society’ a responsibility’ limitation in liquidation (“BP4”).
According to BP4, it was then the owner of 11.31% of the outstanding shares of common stock of the Company
The
Amendment amends the MOU to, among other things, revise the definition of “Qualified Offering” and “Other Locked-Up
Parties” in order to facilitate an offering by the Company.
A
copy of the Amendment is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
The
foregoing description of the material terms of the MOU does not purport to be complete and is qualified in its entirety by reference
to such an exhibit.
Item
9.01 — Financial Statements and Exhibits
(d)
Exhibits.
Exhibit
No.
Description
10.1
Amendment to Amended and Restated Memorandum of Understanding, by and between Innovest S.p.A. and Milestone Scientific Inc., dated March 31, 2026.
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:
April 2, 2026
By:
/s/ Eric Hines
Eric
Hines
Chief
Executive Officer
EX-10.1
EX-10.1
Filename: ex10-1.htm · Sequence: 2
Exhibit
10.1
MILESTONE
SCIENTIFIC INC.
425
Eagle Rock Road, Ste 403,
Roseland,
New Jersey 07068
As
of March 31, 2026
Innovest
S.p.A.
Corso
Venezia 44
Milano,
Italy 20121
Attn:
Giandomenico Trombetta, President and Managing Director
BP4
S.r.l. in liquidazione
Corso
Venezia 44 Milano
Attn:
Pedro Palau, Liquidator and Legal Representative
Re:
Amendment
of Amended and Restated Memorandum of Understanding
Dear
Sirs:
Reference
is made to that certain Amended and Restated Memorandum of Understanding dated January 13, 2026 (the “MOU”) by and
between Innovest S.p.A. (“Innovest”), as the holder of certain consent/blockage rights with respect to BP4 S.r.l.,
societa’ a responsabilita’ limitata in liquidazione (“BP4”), according to BP4’s corporate bylaws,
in the person of Gian Domenico Trombetta as a duly authorized representative of Innovest, and Milestone Scientific Inc., a Delaware corporation
(the “Company”). All terms used herein as defined terms but not defined herein shall have the meanings ascribed thereto
in the MOU.
The
purpose of this letter is to modify the MOU in certain respects, including the conditions to be satisfied for each of the BP4 Parties
to enter into Lock-Up Agreements. Accordingly, the parties hereby amend the MOU, as follows:
1.
In paragraph 5 of the MOU, the references to January 31, 2026
shall be changed to refer to April 17, 2026 (provided, that if the Company is then working on a capital raise that upon consummation
would be a Qualified Offering (as amended in accordance with paragraph 2 below), then such April 17, 2026 date shall automatically be
extended until May 1, 2026.
2.
In Annex A of the MOU, a “Qualified Offering” shall
mean the Company’s consummation of one or more offerings of its securities within forty-five (45) days from the date hereof with
aggregate gross proceeds to the Company of at least $900,000 and up to 19.99% of the number of outstanding shares of the Company (which
at the closing price of the Company’s shares on March 17, 2026 of $0.29 would be approximately $2,300,000), on terms and conditions
materially similar to those terms and conditions furnished to Innovest.
3.
In Annex A of the MOU, “Other Locked-Up Parties”
shall mean each of the following:
●
Each
of the directors of the Company re-elected at the December 18, 2025 Annual Meeting of the stockholders of the Company;
●
Each
of the officers of the Company; and
●
United
Systems and its affiliates.
Except
as set forth above, the MOU shall continue in full force and effect.
In
consideration of the approval, execution and delivery of this letter, the Company hereby undertakes and irrevocably commits that, within
five (5) business days following the date on which both Innovest and BP4 have duly executed and returned this letter as evidence of their
approval of MOU Amendments, the Company shall pay to BP4 the further amount of USD 27,500 pursuant to Article 5 of the MOU, in respect
of additional disbursements accumulated in connection with the transaction contemplated by the MOU, it being understood that such payment
shall be subject, together with any prior payments made pursuant to Article 5 of the MOU, to the aggregate cap of USD 100,000 expressly
provided for therein.
[Remainder
of page intentionally blank]
Innovest S.p.A.
page 2
Please
evidence your consent to the matters set forth in this letter by signing and returning a copy of this letter.
Sincerely,
Milestone
Scientific Inc.
By: /s/
Eric Hines
Name: Eric
Hines
Title: President
and Chief Executive Officer
AGREED:
The
undersigned, as the holder of certain consent/blockage rights with respect to BP4 according to BP4’s corporate bylaws, hereby agrees
to amend the MOU as contemplated hereby.
Innovest S.p.A.
By:
/s/ G D Trombetta
Name:
Gian Domenico Trombetta
Title:
President and Managing Director
The
undersigned, as liquidator and legal representative of BP4 S.r.l. in liquidazione, duly authorized pursuant to the resolutions adopted
at the Meeting, hereby approves the MOU Amendments as set forth in this letter.
BP4 S.r.l. in liquidazione
By: /s/
P Palau
Name: Dottor
Pedro Palau
Title: iL
Liquidatore and Legal Representative
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Entity Incorporation, State or Country Code
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Entity Address, Address Line One
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