---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-121588"
form_type: "8-K/A"
ticker: "CNTM"
cik: "0001895249"
company_name: "ConnectM Technology Solutions, Inc."
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T21:16:46.356735+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ConnectM acquires 46% stake in DeliveryCircle; audited FY 2023 revenue $8.4M, net income $466K

## Summary
- Purchase price $520K plus earn-out based on 20% of revenue growth or 37% EBITDA through 2031.
- DeliveryCircle FY2023 revenue $8.43M, gross profit $1.6M, net income $466K, cash $603K.
- One customer drives 99% of revenue and receivables – significant concentration risk.
- DeliveryCircle provides same-day delivery platform with proprietary software; $502K in capitalized software.
- Acquisition closed Aug 5, 2024; ConnectM now holds 46% equity and 57% voting control.

## SEC filing metadata
- accession: 0001104659-24-121588
- form_type: 8-K/A
- ticker: CNTM
- cik: 0001895249
- company_name: ConnectM Technology Solutions, Inc.
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01, 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1895249/000110465924121588/0001104659-24-121588-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1895249/000110465924121588/tm2429065d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-121588
- JSON: https://secwatch.observer/filing/0001104659-24-121588.json
- Plain text: https://secwatch.observer/filing/0001104659-24-121588.txt

## Key facts
- M&A Transactions
  ConnectM Technology Solutions, Inc. completed an acquisition involving Vijaya Rao for Not disclosed in excerpt (closed 2024-08-05).
  - Action: acquisition
  - Counterparty: Vijaya Rao
  - Consideration: Not disclosed in excerpt
  - Closing: 2024-08-05
  source text: On August 5, 2024, ConnectM Technology Solutions Inc., a Delaware corporation (" ConnectM "), entered into that certain Membership Interest Purchase Agreement (as it may be amended and/or restated from time to time, the " Purchase Agreement ") by and between ConnectM and Vijaya Rao, an individual resident of the State of Delaware (" Seller "), for the purposes of ConnectM acquiring from Seller certain of the issued and outstanding equity securities of DeliveryCircle, LLC, a Delaware limited liability company (" DeliveryCircle ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1895249/000110465924121588/0001104659-24-121588-index.htm

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