AG真人官方

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[8-K] Monogram Technologies Inc. Reports Material Event

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(Neutral)
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(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Schedule 13D/A Amendment No. 5 highlights a fresh ownership update by Saba Capital Management, L.P. and affiliates in Principal AG真人官方 Estate Income Fund (ticker PGZ). As of 7 July 2025, the group 鈥� comprising Saba Capital Management, L.P., its general partner Saba Capital Management GP, LLC, and managing member Boaz R. Weinstein 鈥� reports beneficial ownership of 317,889 common shares. This represents 4.75 % of PGZ鈥檚 6,694,109 outstanding shares (per the fund鈥檚 N-CSRS filed 7/3/25). All voting and dispositive powers are shared among the reporting persons; none hold sole authority.

The filing states that approximately $4.79 million in investor capital and related margin borrowings were used to accumulate the position, with every trade executed in the open market between 7/3/25 and 7/11/25 (full trade list in Exhibit 4, Schedule A). Item 4 (鈥淧urpose of Transaction鈥�) is marked 鈥淣ot Applicable,鈥� indicating no stated strategic plans or proposals at this time. No criminal or civil proceedings involving the reporting persons are disclosed, and there are no contracts, arrangements, or understandings affecting the securities beyond ordinary-course margin pledges.

Because the disclosed stake remains below the 5 % threshold, the amendment mainly refreshes Items 3 (source of funds), 5 (ownership details) and 7 (exhibits) rather than signalling a transformational change. Nonetheless, Saba Capital is known for value-oriented, event-driven investing, so its continued accumulation may draw investor attention even in the absence of an articulated agenda. All signatures are dated 7/14/2025 and executed by General Counsel Michael D鈥橝ngelo on behalf of each entity under existing powers of attorney.

Principali punti dell'emendamento n. 5 al Schedule 13D/A che aggiorna la propriet脿 di Saba Capital Management, L.P. e affiliati nel Principal AG真人官方 Estate Income Fund (ticker PGZ). Al 7 luglio 2025, il gruppo 鈥� composto da Saba Capital Management, L.P., il suo general partner Saba Capital Management GP, LLC, e il membro gestore Boaz R. Weinstein 鈥� dichiara la propriet脿 beneficiaria di 317.889 azioni ordinarie. Ci貌 rappresenta il 4,75% delle 6.694.109 azioni in circolazione di PGZ (secondo il modulo N-CSRS del fondo depositato il 3/7/25). Tutti i poteri di voto e dispositivi sono condivisi tra le persone che presentano la dichiarazione; nessuno detiene autorit脿 esclusiva.

La documentazione indica che circa 4,79 milioni di dollari di capitale investitore e prestiti a margine correlati sono stati utilizzati per accumulare la posizione, con ogni operazione eseguita sul mercato aperto tra il 3/7/25 e l'11/7/25 (lista completa delle operazioni in Allegato 4, Schedule A). L'Elemento 4 (鈥淪copo della Transazione鈥�) 猫 segnato come 鈥淣on Applicabile鈥�, indicando nessun piano strategico o proposta dichiarata al momento. Non sono riportati procedimenti penali o civili riguardanti le persone che presentano la dichiarazione, e non ci sono contratti, accordi o intese che influenzino i titoli oltre ai normali impegni a margine.

Poich茅 la partecipazione dichiarata rimane sotto la soglia del 5%, l'emendamento aggiorna principalmente gli Elementi 3 (fonte dei fondi), 5 (dettagli sulla propriet脿) e 7 (allegati) piuttosto che indicare un cambiamento trasformativo. Tuttavia, Saba Capital 猫 nota per un investimento orientato al valore e guidato da eventi, quindi la sua continua accumulazione potrebbe attirare l'attenzione degli investitori anche in assenza di un'agenda esplicita. Tutte le firme sono datate 14/7/2025 ed eseguite dal General Counsel Michael D鈥橝ngelo per conto di ciascuna entit脿 sotto le attuali procure.

Aspectos destacados de la Enmienda n.潞 5 al Schedule 13D/A que actualiza la propiedad de Saba Capital Management, L.P. y afiliados en Principal AG真人官方 Estate Income Fund (s铆mbolo PGZ). Al 7 de julio de 2025, el grupo 鈥� que incluye a Saba Capital Management, L.P., su socio general Saba Capital Management GP, LLC, y el miembro administrador Boaz R. Weinstein 鈥� reporta la propiedad beneficiaria de 317,889 acciones comunes. Esto representa el 4,75% de las 6,694,109 acciones en circulaci贸n de PGZ (seg煤n el formulario N-CSRS del fondo presentado el 3/7/25). Todos los poderes de voto y disposici贸n son compartidos entre las personas que reportan; ninguno tiene autoridad exclusiva.

El documento indica que aproximadamente 4,79 millones de d贸lares de capital de inversionistas y pr茅stamos relacionados con margen se usaron para acumular la posici贸n, con cada operaci贸n ejecutada en el mercado abierto entre el 3/7/25 y el 11/7/25 (lista completa de operaciones en el Anexo 4, Schedule A). El 铆tem 4 (鈥淧rop贸sito de la Transacci贸n鈥�) est谩 marcado como 鈥淣o Aplicable鈥�, indicando ning煤n plan estrat茅gico o propuesta declarada en este momento. No se revelan procedimientos penales o civiles que involucren a las personas que reportan, y no hay contratos, arreglos o entendimientos que afecten los valores m谩s all谩 de los compromisos ordinarios de margen.

Dado que la participaci贸n revelada permanece por debajo del umbral del 5%, la enmienda principalmente actualiza los 铆tems 3 (fuente de fondos), 5 (detalles de propiedad) y 7 (anexos) en lugar de se帽alar un cambio transformador. No obstante, Saba Capital es conocida por invertir orientada al valor y basada en eventos, por lo que su continua acumulaci贸n podr铆a atraer la atenci贸n de los inversores incluso sin una agenda articulada. Todas las firmas est谩n fechadas el 14/7/2025 y fueron ejecutadas por el Consejero General Michael D鈥橝ngelo en nombre de cada entidad bajo poderes notariales existentes.

Schedule 13D/A 靾橃爼鞎� 5順� 欤检殧 雮挫毄鞚 Saba Capital Management, L.P. 氚� 瓿勳棿靷皜 Principal AG真人官方 Estate Income Fund(韹办护 PGZ)鞐愳劀 靻岇湢甓岇潉 靸堧…瓴� 鞐呺嵃鞚错姼頃� 雮挫毄鞛呺媹雼�. 2025雲� 7鞗� 7鞚� 旮办鞙茧, Saba Capital Management, L.P., 攴� 鞚茧皹 韺岉姼雱堨澑 Saba Capital Management GP, LLC, 攴鸽Μ瓿� 甏毽� 氅る矂鞚� Boaz R. Weinstein鞙茧 甑劚霅� 攴鸽9鞚 317,889欤� 氤错喌欤�鞚� 鞁れ 靻岇湢甓岇潉 氤搓碃頃橁碃 鞛堨姷雼堧嫟. 鞚措姅 PGZ鞚� 6,694,109欤� 氚滍枆 欤检嫕鞚� 4.75%鞐� 頃措嫻頃╇媹雼�(韼霌滌潣 2025雲� 7鞗� 3鞚� 鞝滌稖霅� N-CSRS 旮办). 氇摖 鞚橁舶甓岅臣 觳橂秳 甓岉暅鞚 氤搓碃鞛愲摛 臧勳棎 瓿奠湢霅橂┌, 雼弲 甓岉暅鞛愲姅 鞐嗢姷雼堧嫟.

鞁犼碃靹滌棎電� 鞎� 479毵� 雼煬鞚� 韴瀽鞛� 鞛愲掣瓿� 甏霠� 毵堨 雽於滌澊 韽靺� 於曥爜鞐� 靷毄霅橃棃鞙茧┌, 氇摖 瓯半灅電� 2025雲� 7鞗� 3鞚茧秬韯� 7鞗� 11鞚� 靷澊鞐� 瓿店皽 鞁滌灔鞐愳劀 鞚措(鞏挫雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟(鞝勳泊 瓯半灅 氇╇鞚 攵靻嶌劀 4, Schedule A 彀胳“). 頃 4(鈥滉卑霝� 氇╈爜鈥�)電� 鈥滍暣雼� 鞐嗢潓鈥濎溂搿� 響滌嫓霅橃柎 順勳灛 氇呾嫓霅� 鞝勲灥 瓿勴殟鞚措倶 鞝滌晥鞚� 鞐嗢潓鞚� 雮橅儉雰呺媹雼�. 氤搓碃鞛愳檧 甏霠悳 順曥偓 霕愲姅 氙检偓 靻岇啞鞚 鞐嗢溂氅�, 韱奠儊鞝侅澑 毵堨 雼措炒 鞕胳棎 歃濌秾鞐� 鞓來枼鞚� 氙胳箻電� 瓿勳暯, 頃╈潣 霕愲姅 鞚错暣甏瓿�霃� 鞐嗢姷雼堧嫟.

瓿店皽霅� 歆攵勳澊 5% 旮办靹� 氙鸽鞚措瘈搿� 鞚措矆 靾橃爼鞎堨潃 欤茧 頃 3(鞛愱笀 於滌矘), 5(靻岇湢 雮挫棴), 7(攵靻嶌劀)鞚� 臧膘嫚頃橂姅 雿� 歆戩霅橃棃鞙茧┌, 攴茧掣鞝侅澑 氤頇旊ゼ 鞚橂頃橃電� 鞎婌姷雼堧嫟. 攴鸽熂鞐愲弰 攵堦惮頃橁碃 Saba Capital鞚 臧旃� 欷戩嫭鞚� 鞚措菠韸� 欤茧弰 韴瀽搿� 鞎岆牑鞝� 鞛堨柎, 氇呿檿頃� 瓿勴殟鞚� 鞐嗠崝霛茧弰 歆靻嶌爜鞚� 歆攵� 於曥爜鞚 韴瀽鞛愲摛鞚� 甏鞁潉 雭� 靾� 鞛堨姷雼堧嫟. 氇摖 靹滊獏鞚 2025雲� 7鞗� 14鞚检瀽搿�, 臧� 旮瓣磤鞚� 雽響滍晿電� 氩曤 瓿犽 Michael D鈥橝ngelo臧 旮办〈 鞙勳瀯鞛レ棎 霐半澕 靾橅枆頃橃榾鞀惦媹雼�.

Points cl茅s de l'amendement n掳 5 au Schedule 13D/A qui met 脿 jour la d茅tention de Saba Capital Management, L.P. et affili茅s dans le Principal AG真人官方 Estate Income Fund (symbole PGZ). Au 7 juillet 2025, le groupe 鈥� compos茅 de Saba Capital Management, L.P., son partenaire g茅n茅ral Saba Capital Management GP, LLC, et le membre gestionnaire Boaz R. Weinstein 鈥� d茅clare une propri茅t茅 b茅n茅ficiaire de 317 889 actions ordinaires. Cela repr茅sente 4,75 % des 6 694 109 actions en circulation de PGZ (selon le formulaire N-CSRS du fonds d茅pos茅 le 3/7/25). Tous les pouvoirs de vote et de disposition sont partag茅s entre les d茅clarants ; aucun ne d茅tient d'autorit茅 exclusive.

Le d茅p么t indique qu'environ 4,79 millions de dollars de capitaux d'investisseurs et d'emprunts sur marge connexes ont 茅t茅 utilis茅s pour accumuler la position, chaque transaction ayant 茅t茅 ex茅cut茅e sur le march茅 ouvert entre le 3/7/25 et le 11/7/25 (liste compl猫te des transactions en Annexe 4, Schedule A). L'item 4 (芦 Objet de la transaction 禄) est marqu茅 芦 Non applicable 禄, indiquant aucun plan strat茅gique ou proposition d茅clar茅e 脿 ce stade. Aucune proc茅dure p茅nale ou civile impliquant les d茅clarants n'est divulgu茅e, et il n'y a aucun contrat, arrangement ou entente affectant les titres en dehors des nantissements ordinaires sur marge.

脡tant donn茅 que la participation divulgu茅e reste inf茅rieure au seuil de 5 %, l'amendement met principalement 脿 jour les items 3 (source des fonds), 5 (d茅tails de la propri茅t茅) et 7 (annexes) plut么t que de signaler un changement majeur. N茅anmoins, Saba Capital est reconnue pour son investissement ax茅 sur la valeur et les 茅v茅nements, de sorte que son accumulation continue pourrait attirer l'attention des investisseurs m锚me en l'absence d'une strat茅gie formalis茅e. Toutes les signatures sont dat茅es du 14/7/2025 et ont 茅t茅 ex茅cut茅es par le conseiller juridique Michael D鈥橝ngelo au nom de chaque entit茅 en vertu des procurations existantes.

Highlights der 脛nderung Nr. 5 zum Schedule 13D/A, die eine aktualisierte Eigent眉merschaft von Saba Capital Management, L.P. und verbundenen Unternehmen im Principal AG真人官方 Estate Income Fund (Ticker PGZ) darstellt. Zum 7. Juli 2025 berichtet die Gruppe 鈥� bestehend aus Saba Capital Management, L.P., dessen General Partner Saba Capital Management GP, LLC, und dem gesch盲ftsf眉hrenden Mitglied Boaz R. Weinstein 鈥� den wirtschaftlichen Besitz von 317.889 Stammaktien. Dies entspricht 4,75 % der 6.694.109 ausstehenden PGZ-Aktien (laut dem N-CSRS des Fonds vom 3.7.25). Alle Stimm- und Verf眉gungsrechte werden unter den meldenden Personen geteilt; niemand besitzt Alleinbefugnis.

Die Einreichung gibt an, dass etwa 4,79 Millionen US-Dollar an Investorenkapital und damit verbundenen Margin-Krediten verwendet wurden, um die Position aufzubauen, wobei alle Trades zwischen dem 3.7.25 und 11.7.25 am offenen Markt ausgef眉hrt wurden (vollst盲ndige Handelstabelle in Anlage 4, Schedule A). Punkt 4 (鈥瀂weck der Transaktion鈥�) ist mit 鈥濶icht anwendbar鈥� markiert, was keine angegebenen strategischen Pl盲ne oder Vorschl盲ge zum jetzigen Zeitpunkt bedeutet. Es werden keine straf- oder zivilrechtlichen Verfahren gegen die meldenden Personen offengelegt, und es bestehen keine Vertr盲ge, Vereinbarungen oder Absprachen, die die Wertpapiere 眉ber gew枚hnliche Margin-Verpflichtungen hinaus beeinflussen.

Da der gemeldete Anteil unter der 5 %-Schwelle bleibt, aktualisiert die 脛nderung haupts盲chlich die Punkte 3 (Kapitalquelle), 5 (Eigentumsdetails) und 7 (Anlagen), anstatt eine tiefgreifende Ver盲nderung anzudeuten. Dennoch ist Saba Capital f眉r wertorientiertes, ereignisgetriebenes Investieren bekannt, sodass die fortgesetzte Aufstockung trotz fehlender klarer Agenda die Aufmerksamkeit der Anleger auf sich ziehen k枚nnte. Alle Unterschriften sind auf den 14.7.2025 datiert und wurden vom General Counsel Michael D鈥橝ngelo im Namen jeder Einheit gem盲脽 bestehender Vollmachten ausgef眉hrt.

Positive
  • Saba Capital invested approximately $4.79 million to acquire 317,889 PGZ shares, signalling continued institutional interest in the fund.
  • Transparent disclosure via Amendment No. 5 provides investors with up-to-date ownership data and transaction dates.
Negative
  • No strategic purpose disclosed under Item 4, leaving investors without guidance on Saba鈥檚 intentions.
  • Stake remains below 5 %, limiting Saba鈥檚 formal influence and making any potential activist impact uncertain.

Insights

TL;DR: Saba now owns 4.75 % of PGZ after $4.8 M open-market buys; no stated plans, modest impact.

The amendment shows steady but not threshold-crossing accumulation. At 4.75 %, Saba remains just under the 5 % line that can trigger additional scrutiny or activism signals. The $4.8 million cost basis suggests an average price near $15 per share, roughly in line with PGZ鈥檚 recent trading range, implying no obvious premium. Because Item 4 is blank, investors receive no information on potential strategic initiatives such as tender offers or board engagement. In my view, the filing is largely informational: it affirms Saba鈥檚 ongoing interest but stops short of an activist declaration. Market impact should therefore be neutral to mildly positive given Saba鈥檚 reputation for unlocking value.

TL;DR: 4.75 % stake gives Saba visibility but limited leverage; no governance actions disclosed.

From a governance standpoint, Saba and Boaz Weinstein have opted for transparency via repeated amendments, yet the filing expressly notes no contracts or arrangements regarding PGZ securities and offers no plans under Item 4. Without an articulated purpose or a 5 %+ holding, Saba lacks formal requisition rights that some CEF bylaws trigger at higher thresholds. Should the fund trade at a persistent discount, Saba could still agitate informally, but that remains speculative and outside this filing. Overall, this document does not introduce immediate governance risk or catalyst, rendering its impact neutral.

Principali punti dell'emendamento n. 5 al Schedule 13D/A che aggiorna la propriet脿 di Saba Capital Management, L.P. e affiliati nel Principal AG真人官方 Estate Income Fund (ticker PGZ). Al 7 luglio 2025, il gruppo 鈥� composto da Saba Capital Management, L.P., il suo general partner Saba Capital Management GP, LLC, e il membro gestore Boaz R. Weinstein 鈥� dichiara la propriet脿 beneficiaria di 317.889 azioni ordinarie. Ci貌 rappresenta il 4,75% delle 6.694.109 azioni in circolazione di PGZ (secondo il modulo N-CSRS del fondo depositato il 3/7/25). Tutti i poteri di voto e dispositivi sono condivisi tra le persone che presentano la dichiarazione; nessuno detiene autorit脿 esclusiva.

La documentazione indica che circa 4,79 milioni di dollari di capitale investitore e prestiti a margine correlati sono stati utilizzati per accumulare la posizione, con ogni operazione eseguita sul mercato aperto tra il 3/7/25 e l'11/7/25 (lista completa delle operazioni in Allegato 4, Schedule A). L'Elemento 4 (鈥淪copo della Transazione鈥�) 猫 segnato come 鈥淣on Applicabile鈥�, indicando nessun piano strategico o proposta dichiarata al momento. Non sono riportati procedimenti penali o civili riguardanti le persone che presentano la dichiarazione, e non ci sono contratti, accordi o intese che influenzino i titoli oltre ai normali impegni a margine.

Poich茅 la partecipazione dichiarata rimane sotto la soglia del 5%, l'emendamento aggiorna principalmente gli Elementi 3 (fonte dei fondi), 5 (dettagli sulla propriet脿) e 7 (allegati) piuttosto che indicare un cambiamento trasformativo. Tuttavia, Saba Capital 猫 nota per un investimento orientato al valore e guidato da eventi, quindi la sua continua accumulazione potrebbe attirare l'attenzione degli investitori anche in assenza di un'agenda esplicita. Tutte le firme sono datate 14/7/2025 ed eseguite dal General Counsel Michael D鈥橝ngelo per conto di ciascuna entit脿 sotto le attuali procure.

Aspectos destacados de la Enmienda n.潞 5 al Schedule 13D/A que actualiza la propiedad de Saba Capital Management, L.P. y afiliados en Principal AG真人官方 Estate Income Fund (s铆mbolo PGZ). Al 7 de julio de 2025, el grupo 鈥� que incluye a Saba Capital Management, L.P., su socio general Saba Capital Management GP, LLC, y el miembro administrador Boaz R. Weinstein 鈥� reporta la propiedad beneficiaria de 317,889 acciones comunes. Esto representa el 4,75% de las 6,694,109 acciones en circulaci贸n de PGZ (seg煤n el formulario N-CSRS del fondo presentado el 3/7/25). Todos los poderes de voto y disposici贸n son compartidos entre las personas que reportan; ninguno tiene autoridad exclusiva.

El documento indica que aproximadamente 4,79 millones de d贸lares de capital de inversionistas y pr茅stamos relacionados con margen se usaron para acumular la posici贸n, con cada operaci贸n ejecutada en el mercado abierto entre el 3/7/25 y el 11/7/25 (lista completa de operaciones en el Anexo 4, Schedule A). El 铆tem 4 (鈥淧rop贸sito de la Transacci贸n鈥�) est谩 marcado como 鈥淣o Aplicable鈥�, indicando ning煤n plan estrat茅gico o propuesta declarada en este momento. No se revelan procedimientos penales o civiles que involucren a las personas que reportan, y no hay contratos, arreglos o entendimientos que afecten los valores m谩s all谩 de los compromisos ordinarios de margen.

Dado que la participaci贸n revelada permanece por debajo del umbral del 5%, la enmienda principalmente actualiza los 铆tems 3 (fuente de fondos), 5 (detalles de propiedad) y 7 (anexos) en lugar de se帽alar un cambio transformador. No obstante, Saba Capital es conocida por invertir orientada al valor y basada en eventos, por lo que su continua acumulaci贸n podr铆a atraer la atenci贸n de los inversores incluso sin una agenda articulada. Todas las firmas est谩n fechadas el 14/7/2025 y fueron ejecutadas por el Consejero General Michael D鈥橝ngelo en nombre de cada entidad bajo poderes notariales existentes.

Schedule 13D/A 靾橃爼鞎� 5順� 欤检殧 雮挫毄鞚 Saba Capital Management, L.P. 氚� 瓿勳棿靷皜 Principal AG真人官方 Estate Income Fund(韹办护 PGZ)鞐愳劀 靻岇湢甓岇潉 靸堧…瓴� 鞐呺嵃鞚错姼頃� 雮挫毄鞛呺媹雼�. 2025雲� 7鞗� 7鞚� 旮办鞙茧, Saba Capital Management, L.P., 攴� 鞚茧皹 韺岉姼雱堨澑 Saba Capital Management GP, LLC, 攴鸽Μ瓿� 甏毽� 氅る矂鞚� Boaz R. Weinstein鞙茧 甑劚霅� 攴鸽9鞚 317,889欤� 氤错喌欤�鞚� 鞁れ 靻岇湢甓岇潉 氤搓碃頃橁碃 鞛堨姷雼堧嫟. 鞚措姅 PGZ鞚� 6,694,109欤� 氚滍枆 欤检嫕鞚� 4.75%鞐� 頃措嫻頃╇媹雼�(韼霌滌潣 2025雲� 7鞗� 3鞚� 鞝滌稖霅� N-CSRS 旮办). 氇摖 鞚橁舶甓岅臣 觳橂秳 甓岉暅鞚 氤搓碃鞛愲摛 臧勳棎 瓿奠湢霅橂┌, 雼弲 甓岉暅鞛愲姅 鞐嗢姷雼堧嫟.

鞁犼碃靹滌棎電� 鞎� 479毵� 雼煬鞚� 韴瀽鞛� 鞛愲掣瓿� 甏霠� 毵堨 雽於滌澊 韽靺� 於曥爜鞐� 靷毄霅橃棃鞙茧┌, 氇摖 瓯半灅電� 2025雲� 7鞗� 3鞚茧秬韯� 7鞗� 11鞚� 靷澊鞐� 瓿店皽 鞁滌灔鞐愳劀 鞚措(鞏挫雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟(鞝勳泊 瓯半灅 氇╇鞚 攵靻嶌劀 4, Schedule A 彀胳“). 頃 4(鈥滉卑霝� 氇╈爜鈥�)電� 鈥滍暣雼� 鞐嗢潓鈥濎溂搿� 響滌嫓霅橃柎 順勳灛 氇呾嫓霅� 鞝勲灥 瓿勴殟鞚措倶 鞝滌晥鞚� 鞐嗢潓鞚� 雮橅儉雰呺媹雼�. 氤搓碃鞛愳檧 甏霠悳 順曥偓 霕愲姅 氙检偓 靻岇啞鞚 鞐嗢溂氅�, 韱奠儊鞝侅澑 毵堨 雼措炒 鞕胳棎 歃濌秾鞐� 鞓來枼鞚� 氙胳箻電� 瓿勳暯, 頃╈潣 霕愲姅 鞚错暣甏瓿�霃� 鞐嗢姷雼堧嫟.

瓿店皽霅� 歆攵勳澊 5% 旮办靹� 氙鸽鞚措瘈搿� 鞚措矆 靾橃爼鞎堨潃 欤茧 頃 3(鞛愱笀 於滌矘), 5(靻岇湢 雮挫棴), 7(攵靻嶌劀)鞚� 臧膘嫚頃橂姅 雿� 歆戩霅橃棃鞙茧┌, 攴茧掣鞝侅澑 氤頇旊ゼ 鞚橂頃橃電� 鞎婌姷雼堧嫟. 攴鸽熂鞐愲弰 攵堦惮頃橁碃 Saba Capital鞚 臧旃� 欷戩嫭鞚� 鞚措菠韸� 欤茧弰 韴瀽搿� 鞎岆牑鞝� 鞛堨柎, 氇呿檿頃� 瓿勴殟鞚� 鞐嗠崝霛茧弰 歆靻嶌爜鞚� 歆攵� 於曥爜鞚 韴瀽鞛愲摛鞚� 甏鞁潉 雭� 靾� 鞛堨姷雼堧嫟. 氇摖 靹滊獏鞚 2025雲� 7鞗� 14鞚检瀽搿�, 臧� 旮瓣磤鞚� 雽響滍晿電� 氩曤 瓿犽 Michael D鈥橝ngelo臧 旮办〈 鞙勳瀯鞛レ棎 霐半澕 靾橅枆頃橃榾鞀惦媹雼�.

Points cl茅s de l'amendement n掳 5 au Schedule 13D/A qui met 脿 jour la d茅tention de Saba Capital Management, L.P. et affili茅s dans le Principal AG真人官方 Estate Income Fund (symbole PGZ). Au 7 juillet 2025, le groupe 鈥� compos茅 de Saba Capital Management, L.P., son partenaire g茅n茅ral Saba Capital Management GP, LLC, et le membre gestionnaire Boaz R. Weinstein 鈥� d茅clare une propri茅t茅 b茅n茅ficiaire de 317 889 actions ordinaires. Cela repr茅sente 4,75 % des 6 694 109 actions en circulation de PGZ (selon le formulaire N-CSRS du fonds d茅pos茅 le 3/7/25). Tous les pouvoirs de vote et de disposition sont partag茅s entre les d茅clarants ; aucun ne d茅tient d'autorit茅 exclusive.

Le d茅p么t indique qu'environ 4,79 millions de dollars de capitaux d'investisseurs et d'emprunts sur marge connexes ont 茅t茅 utilis茅s pour accumuler la position, chaque transaction ayant 茅t茅 ex茅cut茅e sur le march茅 ouvert entre le 3/7/25 et le 11/7/25 (liste compl猫te des transactions en Annexe 4, Schedule A). L'item 4 (芦 Objet de la transaction 禄) est marqu茅 芦 Non applicable 禄, indiquant aucun plan strat茅gique ou proposition d茅clar茅e 脿 ce stade. Aucune proc茅dure p茅nale ou civile impliquant les d茅clarants n'est divulgu茅e, et il n'y a aucun contrat, arrangement ou entente affectant les titres en dehors des nantissements ordinaires sur marge.

脡tant donn茅 que la participation divulgu茅e reste inf茅rieure au seuil de 5 %, l'amendement met principalement 脿 jour les items 3 (source des fonds), 5 (d茅tails de la propri茅t茅) et 7 (annexes) plut么t que de signaler un changement majeur. N茅anmoins, Saba Capital est reconnue pour son investissement ax茅 sur la valeur et les 茅v茅nements, de sorte que son accumulation continue pourrait attirer l'attention des investisseurs m锚me en l'absence d'une strat茅gie formalis茅e. Toutes les signatures sont dat茅es du 14/7/2025 et ont 茅t茅 ex茅cut茅es par le conseiller juridique Michael D鈥橝ngelo au nom de chaque entit茅 en vertu des procurations existantes.

Highlights der 脛nderung Nr. 5 zum Schedule 13D/A, die eine aktualisierte Eigent眉merschaft von Saba Capital Management, L.P. und verbundenen Unternehmen im Principal AG真人官方 Estate Income Fund (Ticker PGZ) darstellt. Zum 7. Juli 2025 berichtet die Gruppe 鈥� bestehend aus Saba Capital Management, L.P., dessen General Partner Saba Capital Management GP, LLC, und dem gesch盲ftsf眉hrenden Mitglied Boaz R. Weinstein 鈥� den wirtschaftlichen Besitz von 317.889 Stammaktien. Dies entspricht 4,75 % der 6.694.109 ausstehenden PGZ-Aktien (laut dem N-CSRS des Fonds vom 3.7.25). Alle Stimm- und Verf眉gungsrechte werden unter den meldenden Personen geteilt; niemand besitzt Alleinbefugnis.

Die Einreichung gibt an, dass etwa 4,79 Millionen US-Dollar an Investorenkapital und damit verbundenen Margin-Krediten verwendet wurden, um die Position aufzubauen, wobei alle Trades zwischen dem 3.7.25 und 11.7.25 am offenen Markt ausgef眉hrt wurden (vollst盲ndige Handelstabelle in Anlage 4, Schedule A). Punkt 4 (鈥瀂weck der Transaktion鈥�) ist mit 鈥濶icht anwendbar鈥� markiert, was keine angegebenen strategischen Pl盲ne oder Vorschl盲ge zum jetzigen Zeitpunkt bedeutet. Es werden keine straf- oder zivilrechtlichen Verfahren gegen die meldenden Personen offengelegt, und es bestehen keine Vertr盲ge, Vereinbarungen oder Absprachen, die die Wertpapiere 眉ber gew枚hnliche Margin-Verpflichtungen hinaus beeinflussen.

Da der gemeldete Anteil unter der 5 %-Schwelle bleibt, aktualisiert die 脛nderung haupts盲chlich die Punkte 3 (Kapitalquelle), 5 (Eigentumsdetails) und 7 (Anlagen), anstatt eine tiefgreifende Ver盲nderung anzudeuten. Dennoch ist Saba Capital f眉r wertorientiertes, ereignisgetriebenes Investieren bekannt, sodass die fortgesetzte Aufstockung trotz fehlender klarer Agenda die Aufmerksamkeit der Anleger auf sich ziehen k枚nnte. Alle Unterschriften sind auf den 14.7.2025 datiert und wurden vom General Counsel Michael D鈥橝ngelo im Namen jeder Einheit gem盲脽 bestehender Vollmachten ausgef眉hrt.

false --12-31 0001769759 0001769759 2025-07-09 2025-07-09 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): July 9, 2025

 

Monogram Technologies Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-41707   81-3777260

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

 

3919 Todd Lane, Austin, TX 78744

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (512) 399-2656

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading Symbol(s)

 

Name of each exchange on which registered

Common Stock, par value $0.001 per share   MGRM   The Nasdaq Stock Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company  x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

 

 

 

Item 1.02 Termination of a Material Definitive Agreement

 

On July 9, 2025, Monogram Technologies Inc. (the “Company”) entered into a Termination and Release Agreement (the “Termination Agreement”) with Icahn School of Medicine at Mount Sinai (“Mount Sinai”), pursuant to which that certain Exclusive License Agreement, dated October 3, 2017, including subsequent amendments, as amended most recently on May 31, 2023 by and between the Company and Mount Sinai (collectively, the “License Agreement”) was terminated as of July 10, 2025.

 

Pursuant to the License Agreement, Mount Sinai agreed to license certain specified intellectual property to Monogram, as set forth and in accordance with the terms and conditions of the License Agreement.

 

Upon termination of the License Agreement, the rights and licenses granted to the Company thereunder from Mount Sinai terminated, and all rights, title and interest in and to the licensed intellectual property under the License Agreement reverted to Mount Sinai.

 

In full satisfaction of any payment obligations under the License Agreement and as consideration for the termination of the License Agreement and the promises set forth therein, the Company agrees to pay and deliver to Mount Sinai the amount of $4,000,000 (the “Termination Payment”). The Termination Payment shall be payable as follows: (a) immediately available funds in the amount of $500,000 (the “Cash Amount”) ; and (b) 35,000 shares of Series E Preferred Stock (as defined below) with an aggregate liquidation preference of $3,500,000 (the “Preferred Stock Shares”). The Termination Agreement includes a customary mutual release of claims and provides that, other than the Termination Payment, no further payments shall be due between the Company and Mount Sinai under the License Agreement.

 

Item 3.02 Unregistered Sales of Equity Securities.

 

The information set forth above in Item 1.02 is hereby incorporated by reference into this Item 3.02. The issuance of the Series E Preferred Stock and any shares of Common Stock (as defined below) issuable upon conversion of the Series E Preferred Stock was made pursuant to Section 4(a)(2) and/or Rule 506 of the Securities Act of 1933, as amended, and the rules promulgated thereunder.

 

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

On July 11, 2025, the Board of Directors of the Company adopted a Certificate of Designation (the “Certificate of Designation”) of Series E Redeemable Perpetual Preferred Stock (the “Series E Preferred Stock”) to be filed with the Secretary of State of the State of Delaware (the “DE Secretary”) to create, out of the Company’s authorized but unissued preferred stock, par value $0.001 per share, the Series E Preferred Stock. On July 11, 2025, the Certificate of Designation was filed with the DE Secretary and became effective upon filing.

 

Series E Preferred Stock

 

The Series E Preferred Stock shall be perpetual, subject to certain provisions in the Certificate of Designation, and the authorized number of shares of the Series E Preferred Stock shall be 35,000 shares. Each share of Series E Preferred Stock shall have the same designations, rights, preferences, powers, restrictions and limitations as every other share of Series E Preferred Stock. The Series E Preferred Stock ranks (i) senior to the Company’s common stock, par value $0.001 per share (the “Common Stock”), (ii) junior to any future senior securities, and (iii) pari passu to the Company’s 8.00% Series D Convertible Cumulative Preferred Stock, with respect to the payment of amounts upon any liquidation, dissolution or winding up of the Company. Holders of the Series E Preferred Stock shall not be entitled to vote on any matter submitted to a vote of the stockholders of the Company.

 

In the event of any voluntary or involuntary liquidation, dissolution, or winding up of the Company or a Deemed Liquidation Event (as defined in the Certificate of Designation), before any distribution or payment is made to holders of Common Stock or any other class or series of stock ranking junior to the Series E Preferred Stock with respect to liquidation rights but following distribution or payment to any class or series of stock ranking senior to the Series E Preferred Stock with respect to liquidation rights, each holder of Series E Preferred Stock then outstanding shall be entitled to receive out of the assets of the Company legally available for distribution to its stockholders, an amount equal to $100 per share (the “Liquidation Preference”), plus any accrued but unpaid dividends, if any, and no more.

 

 

 

 

Upon the occurrence of any of the following events (each, a “Redemption Event”), the Company shall redeem all outstanding shares of Series E Preferred Stock within ten business days of the occurrence of such event, for cash in an amount per share equal to the Liquidation Preference plus any accrued but unpaid dividends:

 

·the Company consummates one or more offerings of securities in the form of equity, debt, or hybrid securities resulting in gross cash proceeds to the Company (before underwriting discounts, commissions and expenses) of at least $25,000,000 in the aggregate since the date of the initial issuance of the Series E Preferred Stock; or

 

·any person or “group” (within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended) becomes a “beneficial owner” (as defined in Rule 13d-3 under such Act), directly or indirectly, of securities of the Company representing 40% or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of directors (other than any transaction constituting a Deemed Liquidation Event, which shall not trigger a Redemption Event, but shall instead be treated in accordance with Section 4 of the Certificate of Designation).

 

Additionally, in the event that the Company consummates one or more offerings of securities from and after the date of the initial issuance of Series E Preferred Stock in the form of equity, debt, or hybrid securities resulting in aggregate gross cash proceeds to the Company (before underwriting discounts, commissions and expenses) in excess of $10,000,000 but less than $25,000,000 (such excess, the “Intermediate Capital Amount”), the Company shall, within ten business days of the closing of each such offering (or, if multiple offerings are aggregated for this purpose, within ten business days of the offering that causes total gross proceeds to exceed $10,000,000 and any future such offering), use fifteen percent of the Intermediate Capital Amount to redeem, on a pro rata basis among all holders of Series E Preferred Stock, outstanding shares of Series E Preferred Stock for cash at a per share amount equal to the Liquidation Preference plus any accrued but unpaid dividends.

 

Further, at any time on or after July 1, 2026, each share of Series E Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, into fully paid and non-assessable shares of Common Stock of the Company, subject to the terms and conditions set forth in the Certificate of Designation. Additionally, beginning on July 1, 2026, holders of Series E Preferred Stock will be entitled to receive cumulative dividends on each issued and outstanding share of Series E Preferred stock in an amount equivalent to an annual rate of ten percent of the Liquidation Preference per share.

 

The foregoing description of the Series E Preferred Stock is subject to and qualified by reference to the full text of the Certificate of Designations, which is attached to this Current Report on Form 8-K as Exhibit 3.1.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

 Exhibit

Number

  Description
3.1   Certificate of Designation of Series E Redeemable Perpetual Preferred Stock
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  MONOGRAM TECHNOLOGIES INC.
   
Dated: July 14, 2025 /s/ Benjamin Sexson
  Benjamin Sexson
  Chief Executive Officer

 

 

 

 

FAQ

How many PGZ shares does Saba Capital own?

The filing reports 317,889 common shares, representing 4.75 % of shares outstanding.

What percentage of Principal AG真人官方 Estate Income Fund does 317,889 shares represent?

Based on 6,694,109 shares outstanding, the holding equals 4.75 % of the fund.

How much did Saba Capital pay for its PGZ position?

Approximately $4,794,791 was used to acquire the reported shares.

Did Saba Capital disclose any plans for PGZ in Item 4?

No. Item 4 is marked 鈥�Not Applicable,鈥� indicating no stated purpose or future actions.

When were the most recent PGZ transactions executed?

All open-market trades occurred between 7/3/2025 and 7/11/2025, per Schedule A.

Who are the reporting persons in this Schedule 13D/A?

They are Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein.
Monogram Orthopaedics Inc

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205.39M
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Medical Devices
Surgical & Medical Instruments & Apparatus
United States
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