$MLSS just closed a $2.15M private placement at $0.27 per share, issuing ~7.96M shares with 3-year warrants at $0.3375. Insiders participated and agreed to 12-month lock-ups, with proceeds going toward working capital and paying past-due accounts. Bullishโผ๏ธ
$MLSS filed an 8-K today updating an agreement with BP4 S.r.l. that would lock up major insiders from selling shares once an upcoming capital raise is completed. With only $1.1M cash on hand, that fundraise needs to happen soon. Expect dilution, but also a needed cash injection.
Strong Buy ratings, price targets above $1.00, zero institutional shorts. The capital raise is expected immediately before or after the call. At $0.30, the market is pricing in essentially none of it.
On April 1, the company reports Q4 and full year 2025 earnings. Managementโs announcement specifically references โcase submission expectations, reimbursement targets, and revenue estimatesโ for the first time in company history, signaling materially positive disclosures.