M&A - ConnectM Technology Solutions, Inc.
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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