UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 7.01. | Regulation FD Disclosure. |
On August 28, 2024, ConnectM Technology Solutions, Inc. (“ConnectM” or the “Company”) issued a press release announcing that the Company’s Board of Directors has approved a debt equity swap to deleverage the balance sheet, converting up to $15 million of the Company’s outstanding debt to common equity at $2.00 per share. In addition, the Board approved a trading policy for the Company’s officers and directors, opening a window for share purchases by management, beginning today, August 28, 2024.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in Exhibit 99.1 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section.
| Item 8.01. | Other Events. |
The information discussed under Item 7.01 of this Current Report on Form 8-K is incorporated by reference into this Item 8.01.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number |
Description | |
| 99.1 | Press Release issued by ConnectM Technology Solutions Inc. on August 28, 2024 | |
| 104 | Cover Page Interactive Data File (embedded with 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: August 28, 2024
| CONNECTM TECHNOLOGY SOLUTIONS, INC. | ||
| By: | /s/ Bhaskar Panigrahi | |
| Name: | Bhaskar Panigrahi | |
| Title: | Chief Executive Officer | |