---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-046756"
form_type: "8-K"
ticker: "CNTM"
cik: "0001895249"
company_name: "ConnectM Technology Solutions, Inc."
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:38:09.307572+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MCAC extends ConnectM merger deadline to Nov 13; receives Nasdaq total holder deficiency notice

## Summary
- Second Amendment to Merger Agreement extends outside date from May 13, 2024 to November 13, 2024.
- ConnectM may fund up to $325,715 per monthly extension (max $1,954,290 total) to extend MCAC's combination deadline.
- Nasdaq notified MCAC on Apr 10 it fails 400 total holder requirement; 45 days to submit compliance plan.
- If accepted, Nasdaq may grant up to 180-day extension; no assurance of regaining compliance.

## SEC filing metadata
- accession: 0001104659-24-046756
- form_type: 8-K
- ticker: CNTM
- cik: 0001895249
- company_name: ConnectM Technology Solutions, Inc.
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1895249/000110465924046756/0001104659-24-046756-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1895249/000110465924046756/tm2411657d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-046756
- JSON: https://secwatch.observer/filing/0001104659-24-046756.json
- Plain text: https://secwatch.observer/filing/0001104659-24-046756.txt

## Key facts
- Listing & Compliance Notices
  ConnectM Technology Solutions, Inc. received a nasdaq deficiency notice notice regarding shareholders (rules 5450(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: shareholders
  - Rules: 5450(a)(2)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1895249/000110465924046756/0001104659-24-046756-index.htm
- Material Agreements
  ConnectM Technology Solutions, Inc. amended Second Amendment to Agreement and Plan of Merger with Monterey Capital Acquisition Corporation (effective 2024-04-12).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Monterey Capital Acquisition Corporation
  - Effective: 2024-04-12
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1895249/000110465924046756/0001104659-24-046756-index.htm

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