Milestone Scientific BP4 lock-up on 11.31% stake

Milestone Scientific Inc. entered into an amended and restated memorandum of understanding with Innovest S.p.A. concerning BP4 S.r.l., which holds 11.31% of Milestone’s outstanding common stock.

Accepted by SEC EDGAR 01/20/2026 - 05:27 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Milestone Scientific Inc. entered into an amended and restated memorandum of understanding with Innovest S.p.A. concerning BP4 S.r.l., which holds 11.31% of Milestone’s outstanding common stock. BP4 has agreed, subject to conditions including its shareholders’ approval and the completion of a $2.5 million offering by Milestone, to a 12‑month lock-up on selling or transferring its Milestone shares.

The lock-up allows earlier distributions of BP4’s shares to its own shareholders if Milestone’s stock trades above set price thresholds for 10 consecutive trading days: up to 33.33% of the locked shares above $0.50, up to 66.66% cumulatively above $0.70, and up to 100% cumulatively above $0.90. BP4’s shareholders approved the memorandum on January 15, 2026, and the agreement includes customary exceptions for underwriters.

8-K Event Classification

Item 1.01 — Entry into a Material Definitive Agreement

1 item

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What agreement did Milestone Scientific (MLSS) enter on January 15, 2026?

Milestone Scientific Inc. entered into an Amended and Restated Memorandum of Understanding with Innovest S.p.A. regarding BP4 S.r.l.’s lock-up of its Milestone common stock holdings.

How large is BP4 S.r.l.’s stake in Milestone Scientific (MLSS)?

According to BP4, it was the owner of 11.31% of the outstanding shares of common stock of Milestone Scientific Inc.

What is the lock-up period agreed to by BP4 for its Milestone (MLSS) shares?

BP4 agreed, subject to conditions, not to sell or transfer any of its Milestone shares for 12 months following consummation of a $2.5 million offering by the company.

Under what stock price conditions can BP4 distribute locked-up Milestone (MLSS) shares earlier?

If Milestone’s stock closes above $0.50, $0.70, or $0.90 for 10 consecutive trading days, BP4 may distribute up to 33.33%, then 66.66% cumulatively, and finally 100% cumulatively of the lock-up securities, respectively.

When did BP4’s shareholders approve the lock-up MOU with Milestone Scientific (MLSS)?

BP4’s shareholders approved the memorandum of understanding on January 15, 2026.

Where can investors find the full terms of the Milestone Scientific (MLSS) and BP4 MOU?

A copy of the memorandum of understanding is attached as Exhibit 1.1 to the report and is incorporated by reference for full terms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): January 15, 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.)

220 South Orange Avenue, Livingston Corporate Park Livingston, New Jersey		070340
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (973) 535-2717

(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 Agreement

On January 15, 2026, Milestone Scientific Inc. (“the Company”) entered into an Amended and Restated Memorandum of Understanding (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. BP4 agreed, among other things, subject to certain conditions, including approval by its shareholders, not to sell or transfer any of its shares of the Company for a period of twelve months (the “Lock-Up” and such a period, the “Lock-Up Period”) following consummation of a $2.5 million offering by the Company. The BP4 Lock-Up, in addition to customary underwriter exceptions, permits transfers of Lock-Up securities prior to the 12-month Lock-Up Period terminating, as follows:

● If the Company’s stock closes above $0.50 for 10 consecutive trading days, then BP4 may distribute to its shareholders up to 33.33% of the Lock-Up securities; and

● If the Company’s stock closes above $0.70 for 10 consecutive trading days, then BP4 may distribute to its shareholders up to an additional 33.3% of the Lock-Up securities (or up to 66.66% of the Lock-Up securities on a cumulative basis); and

● If the Company’s stock closes above $0.90 for 10 consecutive trading days, then BP4 may distribute to its shareholders up to an additional 33.3% of the Lock-Up securities (or up to 100% of the Lock-Up securities on a cumulative basis).

The MOU was approved by BP4’s shareholders at on January 15, 2026.

A copy of the MOU is attached hereto as Exhibit 1.1 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.

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: January 20, 2026	By:	/s/ Eric Hines
		Eric Hines
		Chief Financial Officer