M&A - ConnectM Technology Solutions, Inc.

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Form Type: 8-K

Filing Date: 2025-02-11

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925011040

Filing Summary: On February 10, 2025, ConnectM Technology Solutions, Inc. reported on its recent material agreements, specifically highlighting the conversion agreements established with multiple holders in September and November 2024, as well as a transfer agreement relating to its acquisition of Green Energy Gains Inc. on October 1, 2024. The agreements involve the conversion of company debt into shares of common stock, with specific terms and conversion prices detailed for different holders. These conversions and transfers illustrate the company's ongoing financial restructuring and capital management efforts. Further, the report provides specifics on share issuance tied to debt conversions and the obligations tied to share prices, emphasizing the strategic adaptability in managing equity stakes and debt obligations.

Additional details:

Date Of Report: 2024-09-12


Commission File Number: 001-41389


Irs Employer Identification Number: 87-2898342


Office Address: 2 Mount Royal Avenue, Suite 550, Marlborough, Massachusetts, 01752


Conversion Price: $2.00


Conversion Shares Issued: 802,271


Reset Price: $1.25


November Conversion Price: $1.25


Krl Conversion Shares: 206,234


Libertas Conversion Shares: 2,492,474


Advisory Shares: 600,000


Green Energy Gains Acquisition: Yes


Benjamin Shares: 125,000


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