Montrose Environmental to redeem $60M of Series A-2 Preferred for cash by April 13, 2025

Onterris, Inc.

Received conversion notice from holder OCM Montrose II Holdings for $60M stated value of A-2 Preferred.
Company elects to redeem for cash instead of issuing common stock.
Expects to pay $60M by April 13, 2025 from cash on hand and debt.
After redemption, approximately $62.2M of A-2 Preferred will remain outstanding.

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