While our common stock is publicly traded on the Nasdaq, we’re offering you an investment option that includes an 8.00% Series D Convertible Cumulative Preferred Stock per share (the “Series D Preferred Stock”) and one Common Stock Purchase Warrant. Each investment unit includes:
Preferred stock with an 8% annual dividend yield.
A 12-month stock purchase warrant to purchase one share of our common stock.
8% Series D Convertible Cumulative Preferred Stock at an offering price of $2.25 and one $3.375 Common Stock Purchase Warrant
| Year 0 | Year 1 | Year 2 | Year 3 | Total Return | |
|---|---|---|---|---|---|
| Initial Investment | $2.25 | ||||
| Annual Dividend | $0.18 | $0.18 | $0.18 | $0.54 | |
| Redemption Value | $3.38 | $3.38 | |||
| Warrant Value ( Black Scholes1) | $3.37 |
At any time, Series D Preferred Stock is convertible one-for-one into shares of our Common Stock at the option of the holder.
1. As of 6/24/2024 close, 25% illiquidity discount, 130% historical volatility, 4.5% RFR
2. Assumes redemption of convertible preferred, dividend payable in cash or shares, mandatory conversion at 125% of offering price for 10 consecutive trading days
*These comparable companies may not be similar to Monogram Technologies nor indicative of future performance.
