Monogram Technologies Launches Continuous Offering of 8.00% Convertible Preferred Stock and Warrants

Monogram Technologies Inc. (NASDAQ:MGRM), an AI-driven robotics company based in Austin, Texas, has announced a continuous public offering of up to $10 million in units. Each unit, priced at $2.25, consists of one share of 8.00% Series D Redeemable Convertible Cumulative Preferred Stock and one warrant to purchase common stock at $3.375 per share. The net proceeds, after expenses and commissions, are expected to be approximately $9.25 million if all units are sold.

The Preferred Stock and warrants will be issued and traded separately but purchased together. The Preferred Stock offers a dividend yield of 8.00% and can be converted into common stock. The Company can redeem the Preferred Stock at a premium that decreases over time. The offering allows investors to subscribe online via Monogram's website.

Digital Offering, LLC is the sole managing agent, selling the units on a "reasonable best efforts" basis. There are no plans to list the Preferred Stock or warrants on any national securities exchange. Monogram may terminate the offering at any time. CEO Benjamin Sexson highlighted the inclusivity of this offering, typically reserved for institutional investors.

The offering is filed with the SEC under a shelf registration statement. Interested investors can find more information on Monogram’s website or the SEC's EDGAR system.