Financing ·
ConnectM issues $1.25M senior secured convertible note with 105% repayment requirement upon listing
CNTMConnectM Technology Solutions, Inc.
ConnectM Technology Solutions, Inc. entered into Amendment No. 1 to its Securities Purchase Agreement with Ascent Partners Fund LLC on September 28, 2026. The company issued a Senior Secured Convertible Promissory Note (Two-A) with an original principal amount of $1,388,888.89 and a purchase price of $1,250,000.00. The amendment deleted Right of First Refusal and Most Favorable Terms provisions, replaced existing notes to require repayment of 105% of principal plus accrued interest upon the Listing Event, and limited registrable securities to common stock issued with warrants. A Lock-Up Agreement was executed by certain security holders, and a Side Letter committed Ascent Partners to purchase shares in the Listing Event Offering. ConnectM Technology Solutions operates in the technology sector, providing digital marketing solutions.