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SPAC · Merger completed

Monterey Capital Acquisition Corp

Business combination with ConnectM Technology Solutions Inc.

Monterey Capital Acquisition Corp is a blank-check company (SPAC) that raised $80M in its initial public offering on May 12, 2022, listing on Nasdaq Global Market. It completed its business combination with ConnectM Technology Solutions Inc. on Jul 12, 2024; the combined company is ConnectM Technology Solutions, Inc. (CNTM). Advantary led the IPO, with FocalPoint Partners and Chief Executive Officer of NTherma. Mintz advised the SPAC and Seward & Kissel advised the underwriters on the IPO.

ConnectM Technology Solutions Inc. is a vertically integrated clean energy technology and solutions provider for residential and light commercial buildings and all-electric OEMs. Its proprietary platform supports the transition to solar and all-electric heating, cooling and transportation.

Status
Merger completed
IPO date
May 12, 2022
IPO size
$80M
IPO exchange
Nasdaq Global Market
Target
ConnectM Technology Solutions Inc. (ConnectM Operations, Inc.)
Announced
Jan 3, 2023
Closed
Jul 12, 2024
Combined company
ConnectM Technology Solutions, Inc. (CNTM)
IPO underwriters
Advantary, FocalPoint Partners, Chief Executive Officer of NTherma, Seed Capital, CEO of Hyperscale Data Center Company, Advanced Systems Automation and OneValley
SPAC counsel (IPO)
Mintz
Underwriters' counsel (IPO)
Seward & Kissel

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