Financing ·
ConnectM raises $1.25M via final tranche closing of secured convertible notes
CNTMConnectM Technology Solutions, Inc.
On October 13, 2026, ConnectM Technology Solutions consummated the final closing under its Securities Purchase Agreement with Ascent Partners Fund LLC. The company issued a Senior Secured Convertible Promissory Note (Two-B) with an original principal amount of $1,388,888.89 for a purchase price of $1,250,000. This transaction reflects the final tranche of financing under the agreement, bringing the aggregate original principal amount of notes issued to approximately $5,000,000. The note bears 10% annual interest and matures on October 13, 2027. ConnectM Technology Solutions provides technology solutions.