secwatch.observer — SEC 8-K summary
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Issuer:     ConnectM Technology Solutions, Inc. (CNTM)
CIK:        0001895249
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0001104659-25-049092
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ConnectM creates Series A and B Convertible Preferred Stock with 12%/18% dividends and liquidation preference
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- Designated 100K shares each of Series A (12% dividend) and Series B (18% dividend) Convertible Preferred Stock.
- Series A converts at 90% of 5-day VWAP; Series B converts at 95% of VWAP after 1 year or VWAP >= $1.00.
- Preferred holders get liquidation preference over common; company can redeem at 115% of liquidation amount.
- No voting rights; conversions limited to 9.99% beneficial ownership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1895249/000110465925049092/0001104659-25-049092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1895249/000110465925049092/tm2515153d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-049092

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