ConnectM settles $9M liabilities with stock; initial price $1.09, floor $0.02

ConnectM Technology Solutions, Inc.

LH acquired ~$9.036M of ConnectM's past-due liabilities; settled via common stock issuance at $1.09/share initial price.
Share price subject to adjustment based on VWAP during valuation period, with floor of $0.02; could massively increase share count.
Shares issued under Section 3(a)(10) exempt from registration via court fairness hearing; ownership capped at 4.99% for LH.
Default triggers include stock price <$1.13, 30-day avg volume <140k shares, or failure to deliver shares; price multiple drops to 75% on default.
Company has ~29M shares outstanding, 100M authorized; reserve of at least 10M shares required initially.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.