8-K
filed May 7, 2024, 7:59 PM ET
ticker CNTM
CIK 0001895249
other material
confidence high
sentiment neutral
materiality 0.55
MCAC stockholders approve extension to Nov 13, 2024; 3.1% of public shares redeemed
ConnectM Technology Solutions, Inc.
- Approved amendment extending business combination deadline up to Nov 13, 2024; monthly deposit of $325,715 or $0.045/share required.
- 228,678 public shares (3.10% of public shares) redeemed at the special meeting on May 7, 2024.
- Extension Amendment and Trust Amendment approved with 7,413,075 votes for, 391,969 against; Trust Amendment passed unanimously.
- Company has a pending merger with ConnectM Technology Solutions, Inc. under a previously filed S-4.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
ConnectM Technology Solutions, Inc.: Amended charter to extend the combination period up to an additional six months from May 13, 2024 to November 13, 2024 (effective 2024-05-07).
- Change
- charter amendment
- Effective
- 2024-05-07
Exact text from the filing
On May 7, 2024, to effectuate the Extension, 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.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ConnectM Technology Solutions, Inc. amended Trust Amendment with Continental Stock Transfer & Trust Company (effective 2024-05-07).
- Action
- amendment
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2024-05-07
Exact text from the filing
Monterey Capital Acquisition Corporation (the “Company” or “MCAC”) entered into Amendment No. 2 to the Investment Management Trust Agreement, dated as of May 10, 2022 (the “Trust Agreement”), with Continental Stock Transfer & Trust Company on May 7, 2024 (the “Trust Amendment”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
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 May 13, 2024 to November 13, 2024. at the 2024-05-07 meeting.
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
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 May 13, 2024 to November 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 7,805,044 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ConnectM Technology Solutions, Inc. shareholders approved To amend the Company’s Charter to provide the Company’s board of directors with the right to extend the Combination Period up to an additional six times for one month each time, from May 13, 2024 to November 13, 2024. at the 2024-05-07 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-05-07
Exact text from the filing
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 May 13, 2024 to November 13, 2024 (as extended, the “Extended Date”) (i.e., for a period of time ending 30 months after the consummation of its initial public offering (the “IPO”)) (the “Extension Amendment Proposal”). For Against Abstain 7,413,075 391,969 0
View on SEC.gov
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