UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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INTRODUCTORY NOTE
On July 12, 2024, ConnectM Technology Solutions, Inc., a Delaware corporation (f/k/a Monterey Capital Acquisition Corporation, “ConnectM,” the “Company,” “we,” “us” or “our”), consummated its previously announced business combination pursuant to that certain Agreement and Plan of Merger, dated December 31, 2022 (as amended, the “Merger Agreement”), by and among the Company, Chronos Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), and ConnectM Operations, Inc. (f/k/a ConnectM Technology Solutions Inc., “Legacy ConnectM”), following the approval at a special meeting of the stockholders of the Company held on July 10, 2024 (the “Special Meeting”). Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into Legacy ConnectM, with Legacy ConnectM surviving the merger as a wholly owned subsidiary of the Company (the “Merger” and, together with the other transactions contemplated by the Merger Agreement, the “Business Combination”). On the Closing Date, the Company changed its name from “Monterey Capital Acquisition Corporation” to “ConnectM Technology Solutions, Inc.”
On July 18, 2024, ConnectM filed a Current Report on Form 8-K under Items 1.01, 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 5.05, 5.06 and 9.01 of the Current Report on Form 8-K, to report the consummation of the Business Combination and related matters (together, the “Original Report”). This Current Report on Form 8-K/A is being filed to amend the Original Report to provide (x) certain historical unaudited financial information of Legacy ConnectM as of June 30, 2024 and June 30, 2023 and for the six months ended June 30, 2024 and June 30, 2023 under Item 9.01(a) of the Current Report on Form 8-K and (y) management’s discussion and analysis of financial condition and results of operations of Legacy ConnectM as of and for the six months ended June 30, 2024 and June 30, 2023.
Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Original Report.
| Item 9.01. | Financial Statement and Exhibits. |
(a) Financial statements of businesses acquired.
The (a) Condensed Consolidated Balance Sheets as of June 30, 2024 (unaudited) and December 31, 2023 (audited), (b) Condensed Consolidated Statements of Operations and Comprehensive Loss for the six months ended June 30, 2024 and 2023 (unaudited), (c) Condensed Consolidated Statements of Changes in Stockholders’ Deficit for the six months ended June 30, 2024 and 2023 (unaudited) and (d) Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and 2023 (unaudited) of Legacy ConnectM are filed as Exhibit 99.1 to this Current Report on Form 8-K/A and are incorporated herein by reference.
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 14, 2024
| CONNECTM TECHNOLOGY SOLUTIONS, INC. | ||
| By: | /s/ Bhaskar Panigrahi | |
| Name: | Bhaskar Panigrahi | |
| Title: | Chief Executive Officer | |