secwatch.observer — SEC 8-K summary
======================================

Issuer:     Monogram Technologies Inc. (—)
CIK:        0001769759
Form:       8-K
Filed at:   2025-07-14T23:59:59+00:00
Accession:  0001104659-25-067801
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.02, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Monogram terminates Mount Sinai license; pays $4M with cash and Series E Preferred
--------------------------------------------------------------------------------

- Terminated exclusive license with Icahn School of Medicine at Mount Sinai, effective July 10, 2025.
- Pays $4M total: $500k cash and 35,000 shares of new Series E Preferred Stock ($3.5M liquidation preference).
- Series E Preferred is perpetual, $100/sh liquidation preference, no voting rights, 10% cumulative dividend, convertible after July 1, 2026.
- Mandatory redemption of Series E upon securities offerings ≥$25M gross proceeds or change of control ≥40% voting power.
- Mutual release of claims; no further payments due under original license agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769759/000110465925067801/0001104659-25-067801-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769759/000110465925067801/tm2520751d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-067801

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer