Mahesh Choudhury - Jul 12, 2024 Form 4 Insider Report for Monterey Capital Acquisition Corp (CNTM)

Role: Vice President, US Operations and Secretary
Signature: /s/ Bhaskar Panigrahi, Attorney-in-Fact
Stock symbol: CNTM
Transactions as of: Jul 12, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/16/2024, 04:36 PM
Next filing: Sep 6, 2024
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CNTM	Stock Option (Right to Buy)	Award		+52.7K			52.7K	Jul 12, 2024	Common Stock	52.7K	$0.50	Direct	F1
transaction	CNTM	Stock Option (Right to Buy)	Award		+24.9K			24.9K	Jul 12, 2024	Common Stock	24.9K	$0.50	Direct	F1

Showing 1 to 2 of 2 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the Agreement and Plan of Merger, dated December 31, 2022, as amended, among Monterey Capital Acquisition Corp. (now known as ConnectM Technology Solutions, Inc.) (the "Issuer"), ConnectM Operations, Inc. (f/k/a ConnectM Technology Solutions, Inc.) ("Legacy ConnectM"), and Chronos Merger Sub, Inc. (such transactions, the "Business Combination"), at the effective time of the Business Combination (the "Effective Time"), each Legacy ConnectM stock option was converted into an option to purchase a number of shares of common stock of the Issuer, equal to the product (rounded down to the nearest whole number) of (x) the number of shares of Legacy ConnectM common stock subject to such Legacy ConnectM option immediately prior to the Effective Time and (y) the exchange ratio of approximately 3.32 (the "Exchange Ratio"), at an exercise price per share equal to (A) the exercise price of such Legacy ConnectM option divided by (B) the Exchange Ratio.

Content

Pursuant to the Agreement and Plan of Merger, dated December 31, 2022, as amended, among Monterey Capital Acquisition Corp. (now known as ConnectM Technology Solutions, Inc.) (the "Issuer"), ConnectM Operations, Inc. (f/k/a ConnectM Technology Solutions, Inc.) ("Legacy ConnectM"), and Chronos Merger Sub, Inc. (such transactions, the "Business Combination"), at the effective time of the Business Combination (the "Effective Time"), each Legacy ConnectM stock option was converted into an option to purchase a number of shares of common stock of the Issuer, equal to the product (rounded down to the nearest whole number) of (x) the number of shares of Legacy ConnectM common stock subject to such Legacy ConnectM option immediately prior to the Effective Time and (y) the exchange ratio of approximately 3.32 (the "Exchange Ratio"), at an exercise price per share equal to (A) the exercise price of such Legacy ConnectM option divided by (B) the Exchange Ratio.

Remarks:

Vice President, US Operations and Secretary