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Milestone Scientific Achieves Debt-Free Balance Sheet Through Debt-to-Equity Conversion by Three Directors
Globenewswire· 2026-08-26 21:00
ROSELAND, N.J., Aug. 26, 2026 (GLOBE NEWSWIRE) -- Milestone Scientific Inc. (MLSS), a leading developer of computerized drug delivery instruments that provide painless and precise injections, today announced that three members of its Board of Directors have converted $465,000 of outstanding loans owed by the Company into common stock, eliminating the Company's outstanding note payable and resulting in a debt- free balance sheet. The debt-to-equity conversion was completed effective August 19, 2026 at a rate ...