ConnectM Technology Solutions Files 8-K

TL;DR

ConnectM Tech filed an 8-K on Aug 27th covering Reg FD, other events, and financials.

AI Summary

ConnectM Technology Solutions, Inc. filed an 8-K on August 28, 2024, reporting on events that occurred on August 27, 2024. The filing indicates a Regulation FD Disclosure, Other Events, and 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 8-K filing provides updates on ConnectM Technology Solutions' corporate activities and regulatory disclosures, which are important for investors to monitor the company's status.

Risk Assessment

Risk Level: low — This filing is a routine 8-K reporting standard corporate events and disclosures, not indicating immediate significant financial or operational changes.

Key Players & Entities

• ConnectM Technology Solutions, Inc. (company) — Registrant
• Monterey Capital Acquisition Corp (company) — Former company name
• August 27, 2024 (date) — Date of earliest event reported
• August 28, 2024 (date) — Date of report
• Delaware (jurisdiction) — State of incorporation
• Marlborough, Massachusetts (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.0001 — ch registered Common stock, par value $0.0001 per share CNTM The Nasdaq Global Ma
• $15 million — age the balance sheet, converting up to $15 million of the Company's outstanding debt to co
• $2.00 — 's outstanding debt to common equity at $2.00 per share. In addition, the Board appro

Filing Documents

• tm2422867d1_8k.htm (8-K) — 27KB
• tm2422867d1_ex99-1.htm (EX-99.1) — 13KB
• 0001104659-24-093765.txt ( ) — 217KB
• cntm-20240827.xsd (EX-101.SCH) — 3KB
• cntm-20240827_lab.xml (EX-101.LAB) — 33KB
• cntm-20240827_pre.xml (EX-101.PRE) — 22KB
• tm2422867d1_8k_htm.xml (XML) — 4KB

01

Item 7.01. Regulation FD Disclosure. On August 28, 2024, ConnectM Technology Solutions, Inc. ("ConnectM" or the "Company") issued a press release announcing that the Company's Board of Directors has approved a debt equity swap to deleverage the balance sheet, converting up to $15 million of the Company's outstanding debt to common equity at $2.00 per share. In addition, the Board approved a trading policy for the Company's officers and directors, opening a window for share purchases by management, beginning today, August 28, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in Exhibit 99.1 is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section.

01

Item 8.01. Other Events. The information discussed under Item 7.01 of this Current Report on Form 8-K is incorporated by reference into this Item 8.01.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release issued by ConnectM Technology Solutions Inc. on August 28, 2024 104 Cover Page Interactive Data File (embedded with 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: August 28, 2024 CONNECTM TECHNOLOGY SOLUTIONS, INC. By: /s/ Bhaskar Panigrahi Name: Bhaskar Panigrahi Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR