Monogram Orthopaedics (MGRM) Launches $10M Preferred Units Offering

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Go back to Monogram Orthopaedics (MGRM) Launches $10M Preferred Units Offering

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

July 9, 2024 9:46 AM EDT

AUSTIN, TX / ACCESSWIRE / July 9, 2024 / Monogram Technologies Inc. (NASDAQ: MGRM) ("Monogram" or the "Company"), an AI-driven robotics company focused on improving human health with an initial focus on orthopedic surgery, announced the launch of a continuous public offering of up to $10,000,000 of units at a public offering price of $2.25 (the "Public Offering"). Each unit consists of one share 8.00% Series D Redeemable Convertible Cumulative Preferred Stock and one warrant to purchase one share of common stock exercisable at $3.375 per share, which will result in net proceeds to the Company of approximately $9.25... More