ConnectM Technology Solutions Holds Security Holder Vote

TL;DR

ConnectM Tech had a shareholder vote on Nov 19th. Details to follow.

AI Summary

ConnectM Technology Solutions, Inc. filed an 8-K on November 26, 2024, reporting on a matter submitted to a vote of security holders on November 19, 2024. The company, formerly known as Monterey Capital Acquisition Corp, is incorporated in Delaware and headquartered in Marlborough, Massachusetts.

Why It Matters

This filing indicates a significant corporate action or decision requiring shareholder approval, which could impact the company's future direction and investor interests.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of a shareholder vote and does not contain immediate financial or operational risks.

Key Players & Entities

• ConnectM Technology Solutions, Inc. (company) — Registrant
• Monterey Capital Acquisition Corp (company) — Former company name
• November 19, 2024 (date) — Date of earliest event reported / Date of vote
• November 26, 2024 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation
• Marlborough, Massachusetts (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.0001 — ch registered Common stock, par value $0.0001 per share CNTM The Nasdaq Stock Mar
• $13,739,484 — of Common Stock upon the conversion of $13,739,484 of the Company's outstanding debt into
• $2.00 — f Common Stock at a conversion price of $2.00 per share subject to adjustment, pursua

Filing Documents

• tm2429538d1_8k.htm (8-K) — 26KB
• 0001104659-24-122652.txt ( ) — 198KB
• cntm-20241119.xsd (EX-101.SCH) — 3KB
• cntm-20241119_lab.xml (EX-101.LAB) — 33KB
• cntm-20241119_pre.xml (EX-101.PRE) — 22KB
• tm2429538d1_8k_htm.xml (XML) — 4KB

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders. ConnectM Technology Solutions Inc., a Delaware corporation (" ConnectM " or the " Company ") held a special meeting of stockholders of the Company (the " Meeting ") on November 19, 2024 at 10:00 a.m. Eastern Time via live webcast. There were 21,249,056 shares of Company common stock, par value $0.0001 per share (" Common Stock ") issued and outstanding on the record date, October 29, 2024. There were 11,189,991 common shares present at the Meeting in person or represented by proxy, which is 52.66% of the Common Stock entitled to vote, thereby constituting a quorum. Summarized below are the results of the matter voted on at the Meeting. Share Issuance Proposal Stockholders approved the proposal (the " Share Issuance Proposal "), for purposes of complying with Nasdaq Listing Rule 5635(d), for the issuance of up to an aggregate of 10,391,588 shares of Common Stock upon the conversion of $13,739,484 of the Company's outstanding debt into shares of Common Stock at a conversion price of $2.00 per share subject to adjustment, pursuant to certain note conversion agreements and debt conversion agreements entered into in September 2024 and October 2024, between the Company and certain of the Company's note holders and debt holders. Approval of the Share Issuance Proposal required "For" votes from the holders of a majority of total votes cast on the proposal in accordance with Nasdaq Listing Rule 5635-3(e). Abstentions had no effect on the proposal. The Share Issuance Proposal received the following votes: FOR AGAINST ABSTAIN BROKER NON-VOTES 11,166,478 21,364 2,149 0 The Share Issuance Proposal was approved. 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 25, 2024 CONNECTM TECHNOLOGY SOLUTIONS, INC. By: /s/ Bhaskar Panig

View Full Filing

View this 8-K filing on SEC EDGAR