4//SEC Filing
Panigrahi Bhaskar 4
Accession 0001104659-24-080227
CIK 0001895249other
Filed
Jul 15, 8:00 PM ET
Accepted
Jul 16, 4:38 PM ET
Size
14.1 KB
Accession
0001104659-24-080227
Insider Transaction Report
Form 4
Panigrahi Bhaskar
DirectorSee Remarks
Transactions
- Award
Common Stock
2024-07-12+3,208,421→ 3,208,421 total(indirect: See Footnote) - Award
Common Stock
2024-07-12+377,239→ 3,585,660 total(indirect: See Footnote) - Award
Common Stock
2024-07-12+254,647→ 254,647 total - Award
Common Stock
2024-07-12+127,838→ 127,838 total(indirect: See Footnote)
Avanti Holdings LLC
10% Owner
Transactions
- Award
Common Stock
2024-07-12+377,239→ 3,585,660 total(indirect: See Footnote) - Award
Common Stock
2024-07-12+3,208,421→ 3,208,421 total(indirect: See Footnote) - Award
Common Stock
2024-07-12+254,647→ 254,647 total - Award
Common Stock
2024-07-12+127,838→ 127,838 total(indirect: See Footnote)
Footnotes (4)
- [F1]Reflects shares of common stock of the Issuer acquired upon consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of December 31, 2022 and as amended from time to time, by and among Monterey Capital Acquisition Corporation (now known as ConnectM Technology Solutions, Inc. and referred to herein as the "Issuer"), ConnectM Operations, Inc. (formerly known as ConnectM Technology Solutions, Inc. and referred to herein as "Legacy ConnectM"), and Chronos Merger Sub, Inc., a wholly-owned subsidiary of the Issuer (such transactions, the "Business Combination"). At the effective time of the Business Combination (the "Effective Time"), each share of Legacy ConnectM common stock issued and outstanding immediately prior to the Effective Time was cancelled and converted into the right to receive shares of the Issuer's common stock equal to an exchange ratio of approximately 3.32 (the "Exchange Ratio"), rounded down to the nearest whole share.
- [F2]Shares are held by Avanti Holdings LLC, of which the Reporting Person is the controlling equityholder. As such, the Reporting Person may be deemed to have beneficial ownership of such shares. The Reporting Person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- [F3]Reflects shares of common stock of the Issuer acquired upon consummation of the Business Combination. At the Effective Time, each share of Legacy ConnectM preferred stock issued and outstanding immediately prior to the Effective Time was cancelled and converted into the right to receive such number of shares of the Issuer's common stock equal to (A) the aggregate number of shares of Legacy ConnectM common stock that would be issued upon conversion of the shares of Legacy ConnectM preferred stock based on the applicable conversion ratio immediately prior to the Effective Time, multiplied by (B) the Exchange Ratio, rounded down to the nearest whole share.
- [F4]Shares are held by Southwood Partners LP, of which the Reporting Person is the general partner. As such, the Reporting Person may be deemed to have beneficial ownership of such shares. The Reporting Person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Documents
Issuer
ConnectM Technology Solutions, Inc.
CIK 0001895249
Entity typeother
Related Parties
1- filerCIK 0002028722
Filing Metadata
- Form type
- 4
- Filed
- Jul 15, 8:00 PM ET
- Accepted
- Jul 16, 4:38 PM ET
- Size
- 14.1 KB