---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-086132"
form_type: "8-K"
ticker: "CNTM"
cik: "0001895249"
company_name: "ConnectM Technology Solutions, Inc."
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:40:59.757057+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ConnectM acquires controlling interest in DeliveryCircle for up to $5.2M

## Summary
- Acquired 46% equity (57% voting) in DeliveryCircle, a last-mile delivery platform with 500K+ drivers.
- Consideration includes $520K base plus contingent payouts based on revenue/EBITDA over 8 years (up to ~$5.2M).
- ConnectM gains right to appoint 4 of 7 board members; deal closed Aug 5, 2024.
- DeliveryCircle provides positive EBITDA and strong gross margins; entry into $165B U.S. courier market.
- Also amended Forward Purchase Agreement with Meteora, changing settlement to cash and reset price floor at $2.00.

## SEC filing metadata
- accession: 0001104659-24-086132
- form_type: 8-K
- ticker: CNTM
- cik: 0001895249
- company_name: ConnectM Technology Solutions, Inc.
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1895249/000110465924086132/0001104659-24-086132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1895249/000110465924086132/tm2420938d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-086132
- JSON: https://secwatch.observer/filing/0001104659-24-086132.json
- Plain text: https://secwatch.observer/filing/0001104659-24-086132.txt

## Key facts
- M&A Transactions
  ConnectM Technology Solutions, Inc. completed an acquisition involving Vijaya Rao for up to $5,234,788.00 (closed 2024-08-05).
  - Action: acquisition
  - Counterparty: Vijaya Rao
  - Consideration: up to $5,234,788.00
  - Closing: 2024-08-05
  source text: members to DeliveryCircle’s board of directors. Purchase Price Pursuant to the Purchase Agreement, ConnectM has agreed to acquire the Acquired Interests for an amount up to $5,234,788.00, comprising: (i) $520,000.00 (the “ Base Purchase Price ”), plus (ii) the Contingent Value Amount, as described below, subject to adjustment as provided in the Purchase
  evidence_url: https://www.sec.gov/Archives/edgar/data/1895249/000110465924086132/0001104659-24-086132-index.htm

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