--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-115728" form_type: "8-K" ticker: "CNTM" cik: "0001895249" company_name: "ConnectM Technology Solutions, Inc." filed_at: "2023-11-08T23:59:59+00:00" generated_at: "2026-06-08T11:27:07.194976+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Monterey Capital shareholders approve extension to May 2024; 21% of public shares redeemed ## Summary - Shareholders approved charter amendment to extend business combination deadline up to May 13, 2024. - Trust agreement amended to allow monthly deposits of the lesser of $414k or $0.045 per share for extensions. - Redemption limitation removed, allowing redemptions even if net tangible assets fall below $5,000,001. - Approximately 1,961,875 public shares (21% of outstanding) redeemed at the special meeting. - Company continues to pursue proposed business combination with ConnectM Technology Solutions. ## SEC filing metadata - accession: 0001104659-23-115728 - form_type: 8-K - ticker: CNTM - cik: 0001895249 - company_name: ConnectM Technology Solutions, Inc. - filed_at: 2023-11-08T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1895249/000110465923115728/0001104659-23-115728-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1895249/000110465923115728/tm2329789d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-115728 - JSON: https://secwatch.observer/filing/0001104659-23-115728.json - Plain text: https://secwatch.observer/filing/0001104659-23-115728.txt ## Key facts - Governance Changes ConnectM Technology Solutions, Inc.: Amended Charter to allow board to extend combination period up to six additional one-month extensions from November 13, 2023 to May 13, 2024 (effective 2023-11-06). - Change: charter amendment - Effective: 2023-11-06 source text: the Company filed an amendment (the “Extension Amendment”) to the Company’s Amended and Restated Certificate of Incorporation (as amended, the “Charter”) with the Secretary of State of the State of Delaware. evidence_url: https://www.sec.gov/Archives/edgar/data/1895249/000110465923115728/0001104659-23-115728-index.htm - Governance Changes ConnectM Technology Solutions, Inc.: Amended Charter to eliminate the limitation that the Company shall not redeem public shares to the extent such redemption would cause net tangible assets to be less than $5,000,001 (effective 2023-11-06). - Change: charter amendment - Effective: 2023-11-06 source text: the Redemption Limitation Amendment would allow the Company to redeem public shares irrespective of whether such redemption would exceed the Redemption Limitation evidence_url: https://www.sec.gov/Archives/edgar/data/1895249/000110465923115728/0001104659-23-115728-index.htm - Material Agreements ConnectM Technology Solutions, Inc. amended Trust Amendment with Continental Stock Transfer & Trust Company (effective 2023-11-06). - Action: amendment - Counterparty: Continental Stock Transfer & Trust Company - Effective: 2023-11-06 source text: Monterey Capital Acquisition Corporation (the “Company” or “MCAC”) entered into an amendment to the Investment Management Trust Agreement, dated as of May 10, 2022 (the “Trust Agreement”), with Continental Stock Transfer & Trust Company on November 6, 2023 (the “Trust Amendment”). evidence_url: https://www.sec.gov/Archives/edgar/data/1895249/000110465923115728/0001104659-23-115728-index.htm - Shareholder Votes ConnectM Technology Solutions, Inc. shareholders approved To amend the Company’s Charter to eliminate the limitation that the Company shall not redeem public shares to the extent that such redemption would cause the Company’s net tangible assets to be less than $5,000,001 at the 2023-11-06 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-11-06 source text: The Redemption Limitation Amendment Proposal – To amend (the “Redemption Limitation Amendment”) the Company’s Charter to eliminate from the Charter the limitation that the Company shall not redeem public shares to the extent that such redemption would cause the Company’s net tangible assets to be less than $5,000,001 (the “Redemption Limitation”). The Redemption Limitation Amendment would allow the Company to redeem public shares irrespective of whether such redemption would exceed the Redemption Limitation (the “Redemption Limitation Amendment Proposal” and together with Extension Amendment Proposal, the “Extension Proposals”). For Against Abstain 9,664,121 0 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1895249/000110465923115728/0001104659-23-115728-index.htm - Shareholder Votes ConnectM Technology Solutions, Inc. shareholders approved To amend the Company’s Charter to provide the board with the right to extend the Combination Period up to an additional six times for one month each time, from November 13, 2023 to May 13, 2024 at the 2023-11-06 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-11-06 source text: The Extension Amendment Proposal – To amend the Company’s Charter to provide the Company’s board of directors with the right to extend (the “Extension”) the Combination Period up to an additional six (6) times for one (1) month each time, from November 13, 2023 to May 13, 2024 (as extended, the “Extended Date”) (i.e., for a period of time ending 24 months after the consummation of its initial public offering (the “IPO”)) (the “Extension Amendment Proposal”). For Against Abstain 9,664,121 0 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1895249/000110465923115728/0001104659-23-115728-index.htm - Shareholder Votes ConnectM Technology Solutions, Inc. shareholders approved To approve the adoption of the Trust Amendment to the Trust Agreement, to allow the Company to extend the Combination Period up to an additional six times for one month each time from November 13, 2023 to May 13, 2024 at the 2023-11-06 meeting. - Outcome: passed - Meeting: 2023-11-06 source text: The Trust Amendment Proposal – To approve the adoption of the Trust Amendment to the Trust Agreement, to allow the Company to extend the Combination Period up to an additional six (6) times for one (1) month each time from November 13, 2023 to May 13, 2024, the Extended Date, by depositing into the Company’s trust account, for each one-month extension, the Extension Payment for each then-outstanding share of the Company’s Public Shares after giving effect to the redemption of the Public Shares for the redemption price (the “Trust Amendment Proposal”). For Against Abstain 9,664,121 0 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1895249/000110465923115728/0001104659-23-115728-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.