MCAC
Monterey Capital Acquisition Corporation Class A Common Stock
stock NASDAQ

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“ConnectM and Monterey Capital Acquisition Corporation Announce Effectiveness of Registration Statement on Form S-4

~ Special Meeting to Approve Business Combination to be Held on July 10 ~

~ Upon Closing, the Combined Company is Expected to Trade on Nasdaq Under the Ticker “CNTM” ~

Marlborough, MA, June 24, 2024 — ConnectM Technology Solutions, Inc. (“ConnectM” or the “Company”), a vertically integrated clean energy technology and solutions provider for buildings (residential and light commercial) and all-electric OEMs, and Monterey Capital Acquisition Corporation (NASDAQ: MCAC) (“MCAC”), a special purpose acquisition company, announced today that the Securities and Exchange Commission (“SEC”) has declared effective MCAC’s registration Statement on Form S-4 (the “Registration Statement”) in connection with ConnectM’s and MCAC’s previously announced proposed business combination (the “Business Combination”). MCAC has also filed with the SEC the definitive proxy statement/prospectus for its special meeting of stockholders (the “Special Meeting”) to, among other things, approve the Business Combination with ConnectM.

The Special Meeting will be held virtually via live webcast at https://cstproxy.com/montereycapital/2024 on July 10, 2024, at 10 a.m. for MCAC stockholders of record as of the close of business on May 20, 2024 (the “Record Date”), at which MCAC’s stockholders will be asked to consider and vote upon proposals to approve the Business Combination and related matters.

The Business Combination is expected to close after the Special Meeting, subject to obtaining requisite stockholder approvals and the satisfaction or waiver of the conditions in the business combination agreement and other customary closing conditions. Upon closing of the Business Combination, the post-closing company will be renamed “ConnectM Technology Solutions, Inc.” and its common stock and warrants are expected to trade on The Nasdaq Stock Market, LLC (“Nasdaq”) under the ticker symbols “CNTM” and “CNTMW,” respectively. The entity currently named “ConnectM Technology Solutions, Inc.” will be renamed “ConnectM Operations, Inc.” and operate as a wholly-owned subsidiary of the publicly traded entity.

Bhaskar Panigrahi, Chairman and Chief Executive Officer of ConnectM, commented, “Today’s announcement represents a critical step towards our goal of ConnectM becoming a publicly traded company, as we advance to the special meeting. We are determined and committed to our long-term growth strategy, focused on value creation for all constituents.”

“It has been a pleasure working with Bhaskar and the entire ConnectM team as we have reached this critical phase in both ConnectM and MCAC’s respective businesses,” commented Bala Padmakumar, Chairman and Chief Executive Officer of MCAC. “I look forward to working with Bhaskar and the ConnectM team as I maintain an active role as the Vice-Chairman of the combined entity’s board.”
https://www.sec.gov/Archives/edgar/data/1895249/000110465924074326/tm2418087d1_425.htm

Did you research the connection with Arumilli LLC?
Or this?
“ConnectM and Monterey Capital Acquisition Corporation Announce Effectiveness of Registration Statement on Form S-4

~ Special Meeting to Approve Business Combination to be Held on July 10 ~

~ Upon Closing, the Combined Company is Expected to Trade on Nasdaq Under the Ticker “CNTM” ~

Marlborough, MA, June 24, 2024 — ConnectM Technology Solutions, Inc. (“ConnectM” or the “Company”), a vertically integrated clean energy technology and solutions provider for buildings (residential and light commercial) and all-electric OEMs, and Monterey Capital Acquisition Corporation (NASDAQ: MCAC) (“MCAC”), a special purpose acquisition company, announced today that the Securities and Exchange Commission (“SEC”) has declared effective MCAC’s registration Statement on Form S-4 (the “Registration Statement”) in connection with ConnectM’s and MCAC’s previously announced proposed business combination (the “Business Combination”). MCAC has also filed with the SEC the definitive proxy statement/prospectus for its special meeting of stockholders (the “Special Meeting”) to, among other things, approve the Business Combination with ConnectM.

The Special Meeting will be held virtually via live webcast at https://cstproxy.com/montereycapital/2024 on July 10, 2024, at 10 a.m. for MCAC stockholders of record as of the close of business on May 20, 2024 (the “Record Date”), at which MCAC’s stockholders will be asked to consider and vote upon proposals to approve the Business Combination and related matters.

The Business Combination is expected to close after the Special Meeting, subject to obtaining requisite stockholder approvals and the satisfaction or waiver of the conditions in the business combination agreement and other customary closing conditions. Upon closing of the Business Combination, the post-closing company will be renamed “ConnectM Technology Solutions, Inc.” and its common stock and warrants are expected to trade on The Nasdaq Stock Market, LLC (“Nasdaq”) under the ticker symbols “CNTM” and “CNTMW,” respectively. The entity currently named “ConnectM Technology Solutions, Inc.” will be renamed “ConnectM Operations, Inc.” and operate as a wholly-owned subsidiary of the publicly traded entity.

Bhaskar Panigrahi, Chairman and Chief Executive Officer of ConnectM, commented, “Today’s announcement represents a critical step towards our goal of ConnectM becoming a publicly traded company, as we advance to the special meeting. We are determined and committed to our long-term growth strategy, focused on value creation for all constituents.”

“It has been a pleasure working with Bhaskar and the entire ConnectM team as we have reached this critical phase in both ConnectM and MCAC’s respective businesses,” commented Bala Padmakumar, Chairman and Chief Executive Officer of MCAC. “I look forward to working with Bhaskar and the ConnectM team as I maintain an active role as the Vice-Chairman of the combined entity’s board.”
https://www.sec.gov/Archives/edgar/data/1895249/000110465924074326/tm2418087d1_425.htm