ConnectM Technology Solutions, Inc. (CNTM): Nasdaq/NYSE listing notice — MCAC extends ConnectM merger deadline to Nov 13; receives Nasdaq total holder deficiency notice

April 10, 2024, MCAC received a letter (the “Notice”) from the Nasdaq Listing Qualifications department of the Nasdaq Stock Market LLC (“Nasdaq”) stating that MCAC no longer complies with the requirements of Nasdaq Listing Rule 5450(a)(2) (the “Rule”) for continued listing on the Nasdaq Global Market. Under the Rule, MCAC is required to maintain at least 400 total holders (the “Total Holder Requirement”). The Notice indicates that MCAC has 45 calendar days (the “Deadline”) to submit a plan (the “Compliance Plan”) to regain compliance with the Rule. If Nasdaq accepts the Compliance Plan, Nasdaq

On April 12, 2024, Monterey Capital Acquisition Corporation (the “MCAC”), Chronos Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of MCAC (“Merger Sub”), and ConnectM Technology Solutions, Inc., a Delaware corporation (“ConnectM”), entered into a Second Amendment to Agreement and Plan of Merger (the “Amendment”), which amended the Agreement and Plan of Merger, dated as of December 31, 2022, by and among MCAC, Merger Sub, and ConnectM (as amended on October 12, 2023, the “Merger Agreement”).