---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-000109"
form_type: "8-K"
ticker: "CNTM"
cik: "0001895249"
company_name: "ConnectM Technology Solutions, Inc."
filed_at: "2023-01-03T23:59:59+00:00"
generated_at: "2026-06-20T21:04:51.561331+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MCAC enters merger with ConnectM; 14.5M shares consideration, no minimum cash condition

## Summary
- Merger consideration of 14,500,000 shares of MCAC common stock, subject to upward adjustment if transaction expenses exceed $8M.
- Forward Purchase Agreement with Meteora Special Opportunity Fund to buy up to 6.6M shares at ~$10.21 each, supporting redemptions.
- Sponsor and independent directors waive conversion ratio adjustment and agree to vote in favor; lock-up for 180 days.
- Outside date for closing is Nov 13, 2023; break-up fee of up to $1.2M expense reimbursement payable by MCAC in certain termination scenarios.
- Closing conditions include HSR clearance, Nasdaq listing, MCAC net tangible assets >= $5M, and stockholder approvals.

## SEC filing metadata
- accession: 0001104659-23-000109
- form_type: 8-K
- ticker: CNTM
- cik: 0001895249
- company_name: ConnectM Technology Solutions, Inc.
- filed_at: 2023-01-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1895249/000110465923000109/0001104659-23-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1895249/000110465923000109/tm2233776d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-000109
- JSON: https://secwatch.observer/filing/0001104659-23-000109.json
- Plain text: https://secwatch.observer/filing/0001104659-23-000109.txt

## Key facts
- Material Agreements
  ConnectM Technology Solutions, Inc. entered into Agreement and Plan of Merger with Monterey Capital Acquisition Corporation and Chronos Merger Sub, Inc. (effective 2022-12-31).
  - Action: entry
  - Agreement: merger
  - Counterparty: Monterey Capital Acquisition Corporation and Chronos Merger Sub, Inc.
  - Effective: 2022-12-31
  source text: On December 31, 2022, Monterey Capital Acquisition Corporation, a Delaware corporation (“MCAC”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among MCAC, ConnectM Technology Solutions, Inc., a Delaware corporation (“ConnectM” or the “Company”), and Chronos Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of MCAC (“Merger Sub”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1895249/000110465923000109/0001104659-23-000109-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.