ConnectM Tech Files 8-K/A Amendment on Asset Deal
Ticker: CNTM · Form: 8-K/A · Filed: Nov 21, 2024 · CIK: 1895249
| Field | Detail |
|---|---|
| Company | Connectm Technology Solutions, INC. (CNTM) |
| Form Type | 8-K/A |
| Filed Date | Nov 21, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, acquisition, disposition, financials
TL;DR
ConnectM Tech amended its 8-K filing from August 5th regarding an asset deal. Check for updated financials and exhibits.
AI Summary
ConnectM Technology Solutions, Inc. filed an 8-K/A amendment on November 21, 2024, related to an event that occurred on August 5, 2024. This filing pertains to the completion of an acquisition or disposition of assets and includes financial statements and exhibits. The company, formerly known as Monterey Capital Acquisition Corp, is incorporated in Delaware and headquartered in Marlborough, Massachusetts.
Why It Matters
This amended filing provides updated information and exhibits related to a significant asset transaction, offering clarity on the completion of an acquisition or disposition for ConnectM Technology Solutions, Inc.
Risk Assessment
Risk Level: low — This is an amendment to a previous filing, providing updated information rather than announcing a new, significant event.
Key Players & Entities
- ConnectM Technology Solutions, Inc. (company) — Registrant
- Monterey Capital Acquisition Corp (company) — Former company name
- August 5, 2024 (date) — Earliest event date
- November 21, 2024 (date) — Filing date
- 2 Mount Royal Avenue, Suite 550 Marlborough, Massachusetts 01752 (address) — Principal executive offices
FAQ
What is the primary purpose of this 8-K/A filing?
The primary purpose is to amend a previous 8-K filing to report the completion of an acquisition or disposition of assets and to provide related financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on August 5, 2024.
What was ConnectM Technology Solutions, Inc. formerly known as?
ConnectM Technology Solutions, Inc. was formerly known as Monterey Capital Acquisition Corp.
In which state is ConnectM Technology Solutions, Inc. incorporated?
ConnectM Technology Solutions, Inc. is incorporated in Delaware.
What is the address of ConnectM Technology Solutions, Inc.'s principal executive offices?
The address of ConnectM Technology Solutions, Inc.'s principal executive offices is 2 Mount Royal Avenue, Suite 550, Marlborough, Massachusetts 01752.
Filing Stats: 778 words · 3 min read · ~3 pages · Grade level 12.9 · Accepted 2024-11-21 16:45:28
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share CNTM The Nasdaq Stock Mar
Filing Documents
- tm2429065d1_8ka.htm (8-K/A) — 29KB
- tm2429065d1_ex23-1.htm (EX-23.1) — 2KB
- tm2429065d1_ex99-1.htm (EX-99.1) — 123KB
- tm2429065d1_ex99-2.htm (EX-99.2) — 102KB
- tm2429065d1_ex23-1img001.jpg (GRAPHIC) — 12KB
- 0001104659-24-121588.txt ( ) — 478KB
- cntm-20240805.xsd (EX-101.SCH) — 3KB
- cntm-20240805_lab.xml (EX-101.LAB) — 33KB
- cntm-20240805_pre.xml (EX-101.PRE) — 22KB
- tm2429065d1_8ka_htm.xml (XML) — 4KB
01. Completion of Acquisition or Disposition
Item 2.01. Completion of Acquisition or Disposition of Assets. As previously disclosed, 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 "). DeliveryCircle is engaged in the business of providing dispatch and delivery services and related software. Capitalized terms used herein but not defined herein have the meanings ascribed thereto in the Purchase Agreement. We filed the Original Report describing the Acquisition and other, related matters on August 6, 2024, and we are now filing this amendment to include the historical
financial statements required by Item 9.01 of Form 8-K
financial statements required by Item 9.01 of Form 8-K.
01 Financial statements Pro Forma
Item 9.01 Financial statements Pro Forma Financial Information and Exhibits (a) Financial Statements of Businesses Acquired. In accordance with Item 9.01(a), the audited financial statements of DeliveryCircle, which comprise the balance sheet as of December 31, 2023, and the related statements of income, changes in members' equity, and cash flows for the year then ended, and the related notes to the financial statements are filed as Exhibit 99.1 to this Report and are incorporated herein by reference and the unaudited condensed interim financial statements of DeliveryCircle, which comprise the unaudited condensed interim balance sheet as of June 30, 2024, and the related unaudited condensed interim statements of income, changes in members' equity, and cash flows for the six-months then ended, and the related notes to the unaudited condensed interim financial statements are filed as Exhibit 99.2 to this Report and are incorporated herein by reference. (d) Exhibits Exhibit Number Description 23.1 Consent of Adeptus Partners, LLC 99.1 Audited Financial Statements of DeliveryCircle, LLC 99.2 Unaudited Financial Statements of DeliveryCircle, LLC 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Dated: November 21, 2024 CONNECTM TECHNOLOGY SOLUTIONS, INC. By: /s/ Bhaskar Panigrahi Name: Bhaskar Panigrahi Title: Chief Executive Officer