ConnectM Technology Solutions, Inc. — fact timeline
Source-grounded facts extracted from ConnectM Technology Solutions, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
ConnectM Technology Solutions, Inc. reported first quarter 2026 results: revenue $8.2 million, net income Net loss of $6.7 million.
“First Quarter 2026 Highlights · Net loss of $6.7 million, down 4% from $7.0 million in the prior-year quarter, despite absorbing $2.9 million of non-cash losses on the dispositions of Air Temp Service Co. and Green Energy Gains. · Adjusted EBITDA loss narrowed to $(2.7) million from $(3.0) million , a $0.3 million year-over-year improvement absorbed against meaningful transition-related costs. · SG&A declined 19.0% to $5.1 million (approximately $1.2 million in absolute dollars), with SG&A as a percentage of revenue improving 770 basis points to 62% from 70%. · Revenue of $8.2 million (versus $9.0 million), reflecting the deliberate exit from legacy Owned Service Network operations, partially offset by $1.9 million of new Keen Labs product revenue and 23% growth in Logistics. · Cash and cash equivalents of $2.5 million at quarter end.”
Material Agreements
ConnectM Technology Solutions, Inc. entered into Blue Cloud Agreement with Blue Cloud Softech Solutions Limited valued at 170 million equity shares of Blue Cloud (effective 2026-04-06).
“On April 6, 2026, ConnectM Technology Solutions, Inc. (the “Company”) entered into a Share Swap Agreement (the “Blue Cloud Agreement”) by and among the Company, AstraBridge Inc., an unaffiliated third party (“AstraBridge”), and Blue Cloud Softech Solutions Limited (“Blue Cloud”).”
Governance Changes
ConnectM Technology Solutions, Inc.: Certificate of Amendment filed to effect a 1-for-32 reverse stock split of common stock (effective 2026-04-17).
“the Company filed a certificate of amendment (the “Certificate of Amendment”) to its Second Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”), with the Secretary of State of the State of Delaware to effectuate the Reverse Split”
Debt Financings
ConnectM Technology Solutions, Inc. incurred loan of $203,072 with Harry Kahn Associates, Inc. at 8% per annum, simple interest maturing March 10, 2027.
“the principal amount of $203,072 with interest on the outstanding principal amount at the rate of 8% per annum, simple interest. The maturity date is on March 10, 2027”
Material Agreements
ConnectM Technology Solutions, Inc. entered into Note with Harry Kahn Associates, Inc. valued at principal amount of $203,072 (effective 2026-03-10).
“the Company agreed to provide HKA a loan in an amount as to be agreed by the parties, which is based on HKA’s operating capital deficit (the “Working Capital Loan”), the proceeds of which shall be utilized by HKA following the closing of the Exchange Agreement to repay the loans made to HKA from the officers of HKA, which Working Capital Loan is evidenced by a promissory note (the “Note”). The Note was in the principal amount of $203,072”
Material Agreements
ConnectM Technology Solutions, Inc. entered into Registration Rights Agreement with Harry Kahn Associates, Inc., William F. Mumma Jr., Phillip V. Perry (effective 2026-03-10).
“In connection with the Exchange Agreement, the Company and each of the Sellers entered into a Piggyback Registration Rights Agreement (each, a “Registration Rights Agreement”).”
Material Agreements
ConnectM Technology Solutions, Inc. entered into Exchange Agreement with Harry Kahn Associates, Inc., William F. Mumma Jr., Phillip V. Perry (effective 2026-03-10).
“On March 10, 2026, ConnectM Technology Solutions, Inc. (the “Company”) entered into an Exchange Agreement with Harry Kahn Associates, Inc., a New York corporation (“HKA”); William F. Mumma Jr. and Phillip V. Perry, pursuant to which the Company shall acquire from Mr. Mumma and Mr. Perry (each a “Seller” and collectively, the “Sellers”) all of the issued and outstanding shares of stock of HKA”
Debt Financings
ConnectM Technology Solutions, Inc. incurred convertible notes of $250,000 with Auctus Fund, LLC at 12% on the full principal amount maturing 12 months from the issuance date.
“On January 22, 2026, the Company entered into a Securities Purchase Agreement with Auctus Fund, LLC (“Auctus Fund”), pursuant to which the Company issued a senior unsecured convertible promissory note to Auctus Fund (the “Auctus Note”) and issued 50,000 shares of the Company’s common stock as commitment shares. Auctus Fund paid a purchase price of $225,000 for the Auctus Note, subject to certain withholdings for fees and expenses. Convertible Note Issued to Auctus Fund In connection with the Auctus Securities Purchase Agreement, the Company issued the Auctus Note in the principal amount of $250,000, which includes an original issue discount of $25,000. The Auctus Note bears a one-time interest charge at a rate of 12% on the full principal amount, equal to $30,000, which interest is guaranteed and earned in full as of the issuance date. The Auctus Note matures 12 months from the issuance date.”
Debt Financings
ConnectM Technology Solutions, Inc. incurred convertible notes of $227,150 with Labrys Fund II, L.P. at 10% on the full principal amount maturing 12 months from the issuance date.
“On January 20, 2026, the Company entered into a Securities Purchase Agreement with Labrys Fund II, L.P. (“Labrys Fund”), pursuant to which the Company issued a senior unsecured convertible promissory note to Labrys Fund (the “Labrys Note”) and issued 75,000 shares of the Company’s common stock as commitment shares. Labrys Fund paid a purchase price of $206,500 for the Labrys Note, subject to certain withholdings for fees and expenses. Convertible Note Issued to Labrys Fund In connection with the Labrys Securities Purchase Agreement, the Company issued the Labrys Note in the principal amount of $227,150, which includes an original issue discount of $20,650. The Labrys Note bears a one-time interest charge at a rate of 10% on the full principal amount, equal to $22,715, which interest is guaranteed and earned in full as of the issuance date. The Labrys Note matures 12 months from the issuance date.”
Debt Financings
ConnectM Technology Solutions, Inc. incurred convertible notes of $228,000 with GS Capital Partners, LLC at 14% of the principal amount maturing January 7, 2027.
“On January 7, 2026, the Company issued an initial senior convertible promissory note to GS Capital (the “GS Capital Note”) in the principal amount of $228,000, which includes an original issue discount of $20,000, resulting in a purchase price of $208,000. As additional consideration for the issuance of the GS Capital Note, the Company issued to GS Capital 150,000 shares of the Company’s common stock as commitment shares. The GS Capital Note bears a one-time interest charge at a rate of 14% of the principal amount, which interest was earned in full at issuance and added to the principal balance. The GS Capital Note matures on January 7, 2027.”
Material Agreements
ConnectM Technology Solutions, Inc. entered into Auctus Fund Securities Purchase Agreement with Auctus Fund, LLC valued at $225,000 (effective 2026-01-22).
“On January 22, 2026, the Company entered into a Securities Purchase Agreement with Auctus Fund, LLC (“Auctus Fund”), pursuant to which the Company issued a senior unsecured convertible promissory note to Auctus Fund (the “Auctus Note”) and issued 50,000 shares of the Company’s common stock as commitment shares. Auctus Fund paid a purchase price of $225,000 for the Auctus Note, subject to certain withholdings for fees and expenses.”
Material Agreements
ConnectM Technology Solutions, Inc. entered into Labrys Fund Securities Purchase Agreement with Labrys Fund II, L.P. valued at $206,500 (effective 2026-01-20).
“On January 20, 2026, the Company entered into a Securities Purchase Agreement with Labrys Fund II, L.P. (“Labrys Fund”), pursuant to which the Company issued a senior unsecured convertible promissory note to Labrys Fund (the “Labrys Note”) and issued 75,000 shares of the Company’s common stock as commitment shares. Labrys Fund paid a purchase price of $206,500 for the Labrys Note, subject to certain withholdings for fees and expenses.”
Material Agreements
ConnectM Technology Solutions, Inc. entered into GS Capital Securities Purchase Agreement with GS Capital Partners, LLC valued at up to $1,250,000 (effective 2026-01-07).
“On January 7, 2026, ConnectM Technology Solutions, Inc. (the “Company”) entered into a Securities Purchase Agreement with GS Capital Partners, LLC (“GS Capital”), pursuant to which the Company agreed to sell, and GS Capital agreed to purchase, a series of convertible notes of the Company in the aggregate face amount of up to $1,250,000.”
Equity Issuances
ConnectM Technology Solutions, Inc. issued 15,000,000 shares of common stock of common stock to Caleb Arthur or his assignees.
“On January 5, 2026, the Company issued 15,000,000 shares of common stock of the Company to Mr. Arthur or his assignees in connection with the Acquisition Agreement.”
Material Agreements
ConnectM Technology Solutions, Inc. entered into Acquisition Agreement with Sun Solar LLC, Caleb Arthur (effective 2026-01-05).
“On January 5, 2026, ConnectM Technology Solutions, Inc. (the “Company”) entered into and consummated an Acquisition Agreement (the “Acquisition Agreement”) by and among the Company, Sun Solar LLC, a Missouri limited liability company (“Sun Solar”), and Caleb Arthur (“Arthur”).”
M&A Transactions
ConnectM Technology Solutions, Inc. completed an acquisition involving Sun Solar LLC (closed 2026-01-05).
“On January 5, 2026, the Company completed the transaction described under Item 1.01, which is incorporated herein by reference. Pursuant to the Sun Solar LLC Acquisitions Agreement, the Company acquired 40% of the LLC membership interest of Sun Solar and in exchange issued the Payment Shares to Mr. Arthur or his assignees.”
Debt Financings
ConnectM Technology Solutions, Inc. incurred convertible notes of $500,000 with Adv Health Technologies Ltd. at 20% per annum maturing 210 days after issuance.
“025 with $500,000 invested ● Adv Health Technologies Ltd. on September 10, 2025 with $500,000 invested; ● Ashish Kulkarni on October 8, 2025 with”
Debt Financings
ConnectM Technology Solutions, Inc. incurred convertible notes of $500,000 with Umesh Goradia at 20% per annum maturing 210 days after issuance.
“● Umesh Goradia on June 9, 2025 with $500,000 principal invested; ● Umesh Goradia on July 11, 2025 with $500,000”
Debt Financings
ConnectM Technology Solutions, Inc. incurred convertible notes of $1,000,000 with Mahesh Kumar Navani Revocable Trust at 20% per annum maturing 210 days after issuance.
“Mahesh Kumar Navani Revocable Trust on December 8, 2025 with $1,000,000 invested;”
Debt Financings
ConnectM Technology Solutions, Inc. incurred convertible notes of $1,000,000 with Corey T. Lee at 20% per annum maturing 180 days after issuance.
“● Corey T. Lee on January 29, 2025 with $1,000,000 principal invested; ● Zachary Espelund on February 4, 2025 with”
M&A Transactions
ConnectM Technology Solutions, Inc. completed an acquisition involving Seller and Global Impex for Payment Shares and other consideration described in the agreements (closed 2025-11-03).
“On November 3, 2025, the Company completed each of the transaction described under Item 1.01, which is incorporated herein by reference. Pursuant to the Asset Purchase Agreement, the Company acquired the Assets and issued the Payment Shares to the Seller. Pursuant to the Acquisition Agreement, the Company acquired all of the Membership Interests and ConnectM India acquired all of the March CDM/Geo Impex India Shares, issuing the consideration described above. As a result of the Acquisition Agreement, Global Impex became a wholly owned subsidiary of the Company, and the Company, through Global Impex and Connect M India, indirectly and directly holds a majority of the outstanding equity of Geo Impex India.”
Governance Changes
ConnectM Technology Solutions, Inc.: Increased authorized common stock from 100,000,000 to 250,000,000 shares (effective 2025-09-25).
“The Amendment had the effect of increasing the total number of authorized shares of the Company’s common stock, $0.0001 par value per share, from 100,000,000 to 250,000,000.”
Auditor Changes
ConnectM Technology Solutions, Inc. engaged KNAV CPA LLP as its auditor.
“On August 8, 2025, the Audit Committee approved the engagement of KNAV CPA LLP (“KNAV”), effective as of August 8, 2025, as the Company’s new independent registered public accounting firm”
Auditor Changes
Adeptus Partners, LLC resigned as auditor of ConnectM Technology Solutions, Inc..
“On August 7, 2025, Adeptus Partners, LLC (“Adeptus”) resigned as the independent registered public accounting firm to ConnectM Technology Solutions, Inc.”
Governance Changes
ConnectM Technology Solutions, Inc.: Filed Certificates of Designation for Series A and Series B Convertible Preferred Stock (effective 2025-05-05).
“Effective May 5, 2025, ConnectM Technology Solutions, Inc., a Delaware corporation (the “Company”) filed with the Secretary of State of the State of Delaware, a Certificate of Designations of Preferences and Rights of Series A Convertible Preferred Stock (the “Series A Certificate”) and a Certificate of Designations of Preferences and Rights of Series B Convertible Preferred Stock (the “Series B Certificate”)”
Listing & Compliance Notices
ConnectM Technology Solutions, Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“April 17, 2025, ConnectM Technology Solutions, Inc., a Delaware corporation (“ ConnectM ” or the “ Company ”), received a letter (the “ Letter ”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that it is not in compliance with the Securities and Exchange Commission (the “ SEC ”) periodic reporting requirements for continued listing, as set forth in Nasdaq Listing Rule 5250(c)(1), because the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “ 2024 10-K ”), was not filed with the SEC by the require”
Auditor Changes
ConnectM Technology Solutions, Inc. reported that prior financial statements should not be relied upon.
“On April 8, 2025, Bhaskar Panigrahi, the Chief Executive Officer of ConnectM Technology Solutions, Inc. (the “ Company ”), after discussion with the Audit Committee of the Company and in consultation with the Company’s independent registered public accounting firm, concluded that the unaudited interim consolidated financial statements for the quarterly period ended September 30, 2024 (the “ Restated Period ”), as included in the Company’s Quarterly Report on Form 10-Q for such period (the “ Prior Filing ”), should no longer be relied upon due to material errors in those financial statements.”
Listing & Compliance Notices
ConnectM Technology Solutions, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).
“March 27, 2025, ConnectM Technology Solutions, Inc. (“ ConnectM ” or the “ Company ”) received written notice from the Listing Qualifications Staff (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s common stock had closed below the minimum $1.00 per share required for continued listing on Global Market tier of Nasdaq pursuant to Nasdaq Listing Rule 5450(a)(1) (the “ Minimum Bid Price Requirement ”). In accordance with Nasdaq rules, the Company has been provided an initial pe”
Listing & Compliance Notices
ConnectM Technology Solutions, Inc. received a nasdaq delisting notice notice regarding market value (rules 5450(b)(2)(A)).
“March 7, 2025, the Company received another notice (the “ Additional Notice ”) from Nasdaq stating that the Company had not regained compliance with the Rule. Accordingly, its securities will be delisted from The Nasdaq Global Market. Unless the Company requests an appeal of the determination before the Nasdaq Hearings Panel (the “ Panel ”) by March 14, 2025, trading of the Company’s common stock will be suspended at the opening of business on March 18, 2025, and a Form 25-NSE will be filed with the Commission, which will remove the Company’s securities from listing and registration on Nasdaq.”
Listing & Compliance Notices
ConnectM Technology Solutions, Inc. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(C)).
“December 13, 2024, ConnectM Technology Solutions, Inc., a Delaware corporation (the " Company "), received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (" Nasdaq ") indicating that based upon Nasdaq’s review of the Company’s Market Value of Publicly Held Shares (MVPHS) for the 33 consecutive business days prior to the date of the letter, the Company no longer meets the requirements of Nasdaq Listing Rule 5450(b)(2)(C), which requires listed securities to maintain a minimum MVPHS of $15,000,000. However, Nasdaq rules also provide the Company a”
Listing & Compliance Notices
ConnectM Technology Solutions, Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“December 6, 2024, ConnectM Technology Solutions, Inc. (“ ConnectM ” or the “ Company ”) received a notice from the staff of the Listing Qualifications Department of Nasdaq stating that because the Company had not filed its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the “ Filing ”), it no longer complies with Nasdaq Listing Rule 5250(c)(1) for continued listing, which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “ SEC ”). This notification has no immediate effect on the listing of th”
M&A Transactions
ConnectM Technology Solutions, Inc. completed an acquisition involving Vijaya Rao for Not disclosed in excerpt (closed 2024-08-05).
“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 ").”
M&A Transactions
ConnectM Technology Solutions, Inc. completed an acquisition involving Vijaya Rao for up to $5,234,788.00 (closed 2024-08-05).
“members to DeliveryCircle’s board of directors. Purchase Price Pursuant to the Purchase Agreement, ConnectM has agreed to acquire the Acquired Interests for an amount up to $5,234,788.00, comprising: (i) $520,000.00 (the “ Base Purchase Price ”), plus (ii) the Contingent Value Amount, as described below, subject to adjustment as provided in the Purchase”
M&A Transactions
ConnectM Technology Solutions, Inc. completed an acquisition involving Legacy ConnectM (ConnectM Operations, Inc.) (closed 2024-07-12).
“On July 12, 2024 (the “Closing Date”), ConnectM Technology Solutions, Inc., a Delaware corporation (f/k/a Monterey Capital Acquisition Corporation, “ConnectM,” the “Company,” “we,” “us” or “our”), consummated its previously announced business combination pursuant to that certain Agreement and Plan of Merger, dated December 31, 2022 (as amended, the “Merger Agreement”), by and among the Company, Chronos Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), and ConnectM Operations, Inc. (f/k/a ConnectM Technology Solutions Inc., “Legacy ConnectM”), following the approval at a special meeting of the stockholders of the Company held on July 10, 2024 (the “Special Meeting”).”
M&A Transactions
ConnectM Technology Solutions, Inc. underwent a change of control involving Legacy ConnectM (ConnectM Operations, Inc.) (closed 2024-07-12).
“On July 12, 2024 (the “Closing Date”), ConnectM Technology Solutions, Inc., a Delaware corporation (f/k/a Monterey Capital Acquisition Corporation, “ConnectM,” the “Company,” “we,” “us” or “our”), consummated its previously announced business combination pursuant to that certain Agreement and Plan of Merger, dated December 31, 2022 (as amended, the “Merger Agreement”), by and among the Company, Chronos Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), and ConnectM Operations, Inc. (f/k/a ConnectM Technology Solutions Inc., “Legacy ConnectM”), following the approval at a special meeting of the stockholders of the Company held on July 10, 2024 (the “Special Meeting”).”
Governance Changes
ConnectM Technology Solutions, Inc.: Amended charter to extend the combination period up to an additional six months from May 13, 2024 to November 13, 2024 (effective 2024-05-07).
“On May 7, 2024, to effectuate the Extension, the Company filed an amendment (the “Extension Amendment”) to the Company’s Amended and Restated Certificate of Incorporation (as amended, the “Charter”) with the Secretary of State of the State of Delaware.”
Shareholder Votes
ConnectM Technology Solutions, Inc. shareholders approved To approve the adoption of the Trust Amendment to the Trust Agreement, to allow the Company to extend the Combination Period up to an additional six times for one month each time from May 13, 2024 to November 13, 2024. at the 2024-05-07 meeting.
“The Trust Amendment Proposal – To approve the adoption of the Trust Amendment to the Trust Agreement, to allow the Company to extend the Combination Period up to an additional six (6) times for one (1) month each time from May 13, 2024 to November 13, 2024, the Extended Date, by depositing into the Company’s trust account, for each one-month extension, the Extension Payment for each then-outstanding share of the Company’s Public Shares after giving effect to the redemption of the Public Shares for the redemption price (the “Trust Amendment Proposal”). For Against Abstain 7,805,044 0 0”
Shareholder Votes
ConnectM Technology Solutions, Inc. shareholders approved To amend the Company’s Charter to provide the Company’s board of directors with the right to extend the Combination Period up to an additional six times for one month each time, from May 13, 2024 to November 13, 2024. at the 2024-05-07 meeting.
“The Extension Amendment Proposal – To amend the Company’s Charter to provide the Company’s board of directors with the right to extend (the “Extension”) the Combination Period up to an additional six (6) times for one (1) month each time, from May 13, 2024 to November 13, 2024 (as extended, the “Extended Date”) (i.e., for a period of time ending 30 months after the consummation of its initial public offering (the “IPO”)) (the “Extension Amendment Proposal”). For Against Abstain 7,413,075 391,969 0”
Material Agreements
ConnectM Technology Solutions, Inc. amended Trust Amendment with Continental Stock Transfer & Trust Company (effective 2024-05-07).
“Monterey Capital Acquisition Corporation (the “Company” or “MCAC”) entered into Amendment No. 2 to the Investment Management Trust Agreement, dated as of May 10, 2022 (the “Trust Agreement”), with Continental Stock Transfer & Trust Company on May 7, 2024 (the “Trust Amendment”).”
Material Agreements
ConnectM Technology Solutions, Inc. amended Second Amendment to Agreement and Plan of Merger with Monterey Capital Acquisition Corporation (effective 2024-04-12).
“On April 12, 2024, Monterey Capital Acquisition Corporation (the “MCAC”), Chronos Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of MCAC (“Merger Sub”), and ConnectM Technology Solutions, Inc., a Delaware corporation (“ConnectM”), entered into a Second Amendment to Agreement and Plan of Merger (the “Amendment”), which amended the Agreement and Plan of Merger, dated as of December 31, 2022, by and among MCAC, Merger Sub, and ConnectM (as amended on October 12, 2023, the “Merger Agreement”).”
Listing & Compliance Notices
ConnectM Technology Solutions, Inc. received a nasdaq deficiency notice notice regarding shareholders (rules 5450(a)(2)).
“April 10, 2024, MCAC received a letter (the “Notice”) from the Nasdaq Listing Qualifications department of the Nasdaq Stock Market LLC (“Nasdaq”) stating that MCAC no longer complies with the requirements of Nasdaq Listing Rule 5450(a)(2) (the “Rule”) for continued listing on the Nasdaq Global Market. Under the Rule, MCAC is required to maintain at least 400 total holders (the “Total Holder Requirement”). The Notice indicates that MCAC has 45 calendar days (the “Deadline”) to submit a plan (the “Compliance Plan”) to regain compliance with the Rule. If Nasdaq accepts the Compliance Plan, Nasdaq”
Auditor Changes
ConnectM Technology Solutions, Inc. engaged Adeptus Partners, LLC as its auditor.
“the Committee approved the appointment of Adeptus Partners, LLC (“Adeptus”) as the Company’s independent registered public accounting firm to perform independent audit services, including the audit of the Company’s consolidated financial statements for the fiscal year ending December 31, 2023.”
Auditor Changes
ConnectM Technology Solutions, Inc. dismissed Marcum LLP as its auditor.
“the Audit Committee (the “Committee”) of the Board of Directors of Monterey Capital Acquisition Corporation (the “Company”) approved the dismissal of Marcum LLP (“Marcum”) as the Company’s independent registered public accounting firm, effective immediately.”
Governance Changes
ConnectM Technology Solutions, Inc.: Amended Charter to eliminate the limitation that the Company shall not redeem public shares to the extent such redemption would cause net tangible assets to be less than $5,000,001 (effective 2023-11-06).
“the Redemption Limitation Amendment would allow the Company to redeem public shares irrespective of whether such redemption would exceed the Redemption Limitation”
Governance Changes
ConnectM Technology Solutions, Inc.: Amended Charter to allow board to extend combination period up to six additional one-month extensions from November 13, 2023 to May 13, 2024 (effective 2023-11-06).
“the Company filed an amendment (the “Extension Amendment”) to the Company’s Amended and Restated Certificate of Incorporation (as amended, the “Charter”) with the Secretary of State of the State of Delaware.”
Shareholder Votes
ConnectM Technology Solutions, Inc. shareholders approved To amend the Company’s Charter to eliminate the limitation that the Company shall not redeem public shares to the extent that such redemption would cause the Company’s net tangible assets to be less than $5,000,001 at the 2023-11-06 meeting.
“The Redemption Limitation Amendment Proposal – To amend (the “Redemption Limitation Amendment”) the Company’s Charter to eliminate from the Charter the limitation that the Company shall not redeem public shares to the extent that such redemption would cause the Company’s net tangible assets to be less than $5,000,001 (the “Redemption Limitation”). The Redemption Limitation Amendment would allow the Company to redeem public shares irrespective of whether such redemption would exceed the Redemption Limitation (the “Redemption Limitation Amendment Proposal” and together with Extension Amendment Proposal, the “Extension Proposals”). For Against Abstain 9,664,121 0 0”
Shareholder Votes
ConnectM Technology Solutions, Inc. shareholders approved To approve the adoption of the Trust Amendment to the Trust Agreement, to allow the Company to extend the Combination Period up to an additional six times for one month each time from November 13, 2023 to May 13, 2024 at the 2023-11-06 meeting.
“The Trust Amendment Proposal – To approve the adoption of the Trust Amendment to the Trust Agreement, to allow the Company to extend the Combination Period up to an additional six (6) times for one (1) month each time from November 13, 2023 to May 13, 2024, the Extended Date, by depositing into the Company’s trust account, for each one-month extension, the Extension Payment for each then-outstanding share of the Company’s Public Shares after giving effect to the redemption of the Public Shares for the redemption price (the “Trust Amendment Proposal”). For Against Abstain 9,664,121 0 0”
Shareholder Votes
ConnectM Technology Solutions, Inc. shareholders approved To amend the Company’s Charter to provide the board with the right to extend the Combination Period up to an additional six times for one month each time, from November 13, 2023 to May 13, 2024 at the 2023-11-06 meeting.
“The Extension Amendment Proposal – To amend the Company’s Charter to provide the Company’s board of directors with the right to extend (the “Extension”) the Combination Period up to an additional six (6) times for one (1) month each time, from November 13, 2023 to May 13, 2024 (as extended, the “Extended Date”) (i.e., for a period of time ending 24 months after the consummation of its initial public offering (the “IPO”)) (the “Extension Amendment Proposal”). For Against Abstain 9,664,121 0 0”
Material Agreements
ConnectM Technology Solutions, Inc. amended Trust Amendment with Continental Stock Transfer & Trust Company (effective 2023-11-06).
“Monterey Capital Acquisition Corporation (the “Company” or “MCAC”) entered into an amendment to the Investment Management Trust Agreement, dated as of May 10, 2022 (the “Trust Agreement”), with Continental Stock Transfer & Trust Company on November 6, 2023 (the “Trust Amendment”).”
Material Agreements
ConnectM Technology Solutions, Inc. amended First Amendment to Agreement and Plan of Merger with Monterey Capital Acquisition Corporation, Chronos Merger Sub, Inc. (effective 2023-10-12).
“On October 12, 2023, Monterey Capital Acquisition Corporation (the “MCAC”), Chronos Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of MCAC (“Merger Sub”), and ConnectM Technology Solutions, Inc., a Delaware corporation (“ConnectM”), entered into a First Amendment to Agreement and Plan of Merger (the “Amendment”), which amended the Agreement and Plan of Merger, dated as of December 31, 2022, by and among MCAC, Merger Sub, and ConnectM (the “Merger Agreement”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.