Financing ·
Amends convertible notes to extend maturity acceleration trigger from 30 to 90 days post lock-up
CNTMConnectM Technology Solutions, Inc.
ConnectM Technology Solutions amended its Senior Secured Convertible Promissory Notes with Ascent Partners Fund LLC. The amendment changes the automatic acceleration of the Maturity Date from 30 days following the Lock-Up Termination Date to 90 days. This provides additional time before debt obligations accelerate, contingent on payment of all outstanding obligations by the effective date. ConnectM Technology Solutions operates in the technology solutions industry.