ConnectM closes final $1.25M tranche of $5M convertible note deal; note bears 10% and matures Oct. 2027

ConnectM Technology Solutions, Inc.

Issued $1,388,888.89 principal Senior Secured Convertible Promissory Note (Two-B) to Ascent Partners Fund LLC for a $1,250,000 purchase price, reflecting a $138,888.89 original issue discount.
Note bears 10% annual interest, with one year guaranteed, matures Oct. 13, 2027, and converts at the lower of $4.5885 or 95% of lowest five-day VWAP during a default, subject to a 9.99% cap.
Final closing completes the purchase agreement; Ascent has now bought all securities, and ConnectM has issued notes with aggregate original principal of about $5,000,000.
Monthly principal amortization starts at the earlier of the Listing Event or free trading of 160M Blue Cloud shares, by Feb. 28, 2027; stock payments allowed at the Amortization Price.
Subsequent offerings, including any sale of Blue Cloud shares, require 100% of net proceeds to prepay the note; default interest rises to 24% and late fees are 10%.

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