ConnectM Announces Material Definitive Agreement

TL;DR

ConnectM signed a big deal and sold some stock, filing shows.

AI Summary

ConnectM Technology Solutions, Inc. announced on September 12, 2024, that it entered into a Material Definitive Agreement. The company also disclosed unregistered sales of equity securities and provided a Regulation FD disclosure. The filing includes financial statements and exhibits.

Why It Matters

This filing indicates significant corporate actions, including a new agreement and equity sales, which could impact the company's financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing details a material definitive agreement and unregistered equity sales, which can introduce financial and operational risks.

Key Players & Entities

• ConnectM Technology Solutions, Inc. (company) — Registrant
• September 12, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Monterey Capital Acquisition Corp (company) — Former company name
• 20211123 (date) — Date of name change

FAQ

Key Financial Figures

• $0.0001 — ch registered Common stock, par value $0.0001 per share CNTM The Nasdaq Stock Mar
• $2,652,250 — ), pursuant to which Arumilli converted $2,652,250 of principal and accrued but unpaid int
• $2.00 — mmon Stock "), at a conversion price of $2.00 per share (the " Conversion Price ") an
• $4,867,100 — "), pursuant to which SriSid converted $4,867,100 of principal and accrued but unpaid int

Filing Documents

• tm2424240d1_8k.htm (8-K) — 29KB
• tm2424240d1_ex10-1.htm (EX-10.1) — 45KB
• tm2424240d1_ex10-2.htm (EX-10.2) — 44KB
• tm2424240d1_ex99-1.htm (EX-99.1) — 8KB
• 0001104659-24-100674.txt ( ) — 320KB
• cntm-20240912.xsd (EX-101.SCH) — 3KB
• cntm-20240912_lab.xml (EX-101.LAB) — 33KB
• cntm-20240912_pre.xml (EX-101.PRE) — 22KB
• tm2424240d1_8k_htm.xml (XML) — 4KB

01

Item 1.01. Entry into a Material Definitive Agreement. Note Conversion Agreements On September 12, 2024, ConnectM Technology Solutions, Inc., a Delaware corporation (the " Company ") entered into (A) a Note Conversion Agreement with Arumilli LLC, a Delaware limited liability company (" Arumilli "), pursuant to which Arumilli converted $2,652,250 of principal and accrued but unpaid interest on certain promissory notes issued by the Company to Arumilli into 1,326,125 shares of the Company's common stock, par value $0.0001 per share (the " Common Stock "), at a conversion price of $2.00 per share (the " Conversion Price ") and (B) a Note Conversion Agreement with SriSid LLC, a Delaware limited liability company (" SriSid "), pursuant to which SriSid converted $4,867,100 of principal and accrued but unpaid interest on certain promissory notes issued by the Company to SriSid into 2,443,550 shares of Common Stock at the Conversion Price (together, the " Note Conversion Agreements "). The foregoing description of the Note Conversion Agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the Note Conversion Agreements, copies of which are filed as Exhibit 10.1 and Exhibit 10.2 to this Current Report on Form 8-K and are incorporated herein by reference.

02 Unregistered Sales of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities The information set forth in Item 1.01 relating to the issuance of shares of Common Stock pursuant to the Note Conversion Agreements is incorporated by reference herein in its entirety. All such shares were not registered under the Securities Act of 1933, as amended (" Securities Act "), in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Rule 506(b) of Regulation D promulgated thereunder. The securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy, the securities described herein.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Furnished as Exhibit 99.1 hereto is a press release issued in connection with the Note Conversion Agreements. The information in this Item 7.01 and Exhibit 99.1 attached hereto are being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act, or the Exchange Act, except as expressly set forth by specific reference in such filing.

01 Exhibits

Item 9.01 Exhibits. (d) Exhibits Exhibit Number Description 10.1 Note Conversion Agreement by and between the Company and Arumilli LLC, dated as of September 12, 2024 10.2 Note Conversion Agreement by and between the Company and SriSid LLC, dated as of September 12, 2024 99.1 Press Release dated September 17, 2024 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: September 17, 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