Monogram Technologies Inc. Announces Mandatory Conversion of 8.00% Series D Preferred Shares Effective July 14, 2025

Reuters

07/08

Monogram Technologies Inc. Announces Mandatory Conversion of 8.00% Series D Preferred Shares Effective July 14, 2025

Monogram Technologies Inc., an AI-driven robotics company specializing in orthopedic surgery, announced the mandatory conversion of its 8.00% Series D Convertible Cumulative Preferred Stock. This decision comes after the company's common stock maintained a closing price of at least $2.8125 per share for ten consecutive trading days, triggering the conversion as per the terms outlined in the Certificate of Designation. The conversion will take effect on July 14, 2025, impacting all outstanding shares issued during the company's October 1, 2024 offering. This strategic move is part of Monogram's ongoing efforts to streamline its capital structure and enhance shareholder value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Monogram Technologies Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1046717) on July 08, 2025, and is solely responsible for the information contained therein.

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Announces Mandatory Conversion of 8.00% Series D Preferred Shares Effective July 14, 2025\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-08 20:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Monogram Technologies Inc. Announces Mandatory Conversion of 8.00% Series D Preferred Shares Effective July 14, 2025\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Monogram Technologies Inc., an AI-driven robotics company specializing in orthopedic surgery, announced the mandatory conversion of its 8.00% Series D Convertible Cumulative Preferred Stock. This decision comes after the company's common stock maintained a closing price of at least $2.8125 per share for ten consecutive trading days, triggering the conversion as per the terms outlined in the Certificate of Designation. The conversion will take effect on July 14, 2025, impacting all outstanding shares issued during the company's October 1, 2024 offering. 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ID: 1046717) on July 08, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MGRM","symbol_name":"Monogram Orthopaedics Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250708:nNDL4QkcbG:1","article_id":"2549542907","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549542907","pubTimestamp":1751977847,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Monogram Technologies Inc., an AI-driven robotics company specializing in orthopedic surgery, announced the mandatory conversion of its 8.00% Series D Convertible Cumulative Preferred Stock. 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