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

Role: Chief Technology Officer
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

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CNTM	Common Stock	Award		+432K			432K	Jul 12, 2024	Direct	F1

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

Explanation of Responses:

Id	Content
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.

Content

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.

Remarks:

Chief Technology Officer