secwatch.observer — SEC 8-K summary
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Issuer:     ConnectM Technology Solutions, Inc. (CNTM)
CIK:        0001895249
Form:       8-K
Filed at:   2026-10-19T20:53:17+00:00
Accession:  0001104659-26-116927
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1895249/000110465926116927/0001104659-26-116927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1895249/000110465926116927/tm2627834d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-116927

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