# EDGAR Filing Document

**Accession Number:** 0001895249
**File Stem:** 0001104659-25-117403
**Filing Date:** 2025-12
**Character Count:** 14652
**Document Hash:** 62e36ff1a7c7603b32610435f430012d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-117403.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0001104659-25-117403

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251201

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ConnectM Technology Solutions, Inc.
- **CENTRAL INDEX KEY:** 0001895249
- **STANDARD INDUSTRIAL CLASSIFICATION:** CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41389
- **FILM NUMBER:** 251540831

**BUSINESS ADDRESS:**
- **STREET 1:** 2 MOUNT ROYAL AVENUE, SUITE 550
- **CITY:** MARLBOROUGH
- **STATE:** MA
- **ZIP:** 01752
- **BUSINESS PHONE:** 617-395-1333

**MAIL ADDRESS:**
- **STREET 1:** 2 MOUNT ROYAL AVENUE, SUITE 550
- **CITY:** MARLBOROUGH
- **STATE:** MA
- **ZIP:** 01752

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Monterey Capital Acquisition Corp
- **DATE OF NAME CHANGE:** 20211123

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **December 1, 2025**

**ConnectM Technology Solutions, Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-41389** | **87-2898342** |
| (State or other jurisdiction <br> of incorporation) | (Commission <br> File Number) | (IRS Employer <br> Identification No.) |

---

---

| | |
|:---|:---|
| **2 Mount Royal Avenue** **, Suite 550<br> Marlborough, Massachusetts** | **01752** |
| (Address of principal executive offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **<u>(617)</u>** **<u>395-1333</u>**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading <br> Symbol(s) | Name of each exchange on which registered |
| N/A | N/A | N/A |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b- 2 of this chapter).

Emerging growth company ⌧

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

**Item 7.01. Regulation FD Disclosure.**

On December 1, 2025, ConnectM Technology Solutions, Inc., (the "Company") announced, by press release, the engagement of ThinkEquity LLC as its investment bank to advise on an anticipated uplisting to a national U.S. stock exchange.

The press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein. The information contained in the press release is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that Section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit<br> No.** | **Description** |
| [99.1](tm2532474d1_ex99-1.htm) | [Press release issued by the registrant on December 1, 2025.](tm2532474d1_ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: December 1, 2025

---

| | |
|:---|:---|
| **ConnectM Technology Solutions, Inc.** | **ConnectM Technology Solutions, Inc.** |
| By: | /s/ Bhaskar Panigrahi |
| Name: | Bhaskar Panigrahi |
| Title: | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**ConnectM Delivers on Turnaround Plan: Back to OTCQB and Aiming for National Exchange Uplisting**

*Company moved from Expert Market to OTCQB, restored SEC reporting, continues to grow revenue and builds Keen Labs platform in fast-growing battery and energy storage markets*

MARLBOROUGH, Mass., Dec. 1, 2025 (GLOBE NEWSWIRE) – ConnectM Technology Solutions, Inc. (OTC: CNTM) ("ConnectM" or the "Company"), a constellation of technology-driven businesses powering the modern energy economy, today provides an update on its capital markets turnaround since its Nasdaq delisting in May 2025 and announces that it has engaged ThinkEquity LLC as its investment bank to advise on an anticipated uplisting to a major U.S. exchange. Management believes investor appetite for companies enabling AI hyperscalers, battery power, energy storage and backup power solutions remains strong and that its Keen Labs subsidiary gives ConnectM focused exposure to these trends.

**From De-SPAC Stress to OTCQB**

**Where we were**

After its de-SPAC combination in July 2024, ConnectM:

&nbsp;&nbsp;&nbsp;&nbsp;· Saw
 its stock fall from $10 to roughly $1 per share as more than 99% of SPAC shares were redeemed

&nbsp;&nbsp;&nbsp;&nbsp;· Faced
 an initial stockholders' deficit of approximately $50 million and a limited public
 float

&nbsp;&nbsp;&nbsp;&nbsp;· Lost
 its Nasdaq listing and ultimately landed on the OTC Expert Market, with extremely limited
 liquidity

**Where we told stockholders we were going**

In May 2025, management laid out an ambitious plan to:

&nbsp;&nbsp;&nbsp;&nbsp;· Regain
 current SEC reporting status

&nbsp;&nbsp;&nbsp;&nbsp;· Move
 off the lower OTC tier and uplist to OTCQB as a step toward a major U.S. exchange

&nbsp;&nbsp;&nbsp;&nbsp;· Grow
 revenue in electrification, logistics and AI-driven energy platforms

&nbsp;&nbsp;&nbsp;&nbsp;· Reduce
 liabilities, simplify the balance sheet and raise growth capital

**Strong Execution by Management**

As of today, management has delivered on all key pillars of its plan. "Our journey since the Nasdaq delisting has been challenging, but also very focused," said Bhaskar Panigrahi, Chief Executive Officer and Chairman of ConnectM. "We told stockholders we would get current on our SEC filings, move off the Expert Market and onto OTCQB, grow revenue, reduce debt and position ConnectM for a return to a major exchange. We believe we have delivered on those commitments."

**1. Back to current SEC reporting and a higher trading tier**

&nbsp;&nbsp;&nbsp;&nbsp;· Filed
 all outstanding SEC reports and restored current reporting status

&nbsp;&nbsp;&nbsp;&nbsp;· Uplisted
 from the OTC Expert Market to the OTCQB Venture Market under the symbol "CNTM"

**2. Delivering strong revenue growth**

&nbsp;&nbsp;&nbsp;&nbsp;· Generated
 double-digit year-over-year revenue growth in each quarter since the Nasdaq delisting

&nbsp;&nbsp;&nbsp;&nbsp;· Achieved
 approximately 60% year-to-date revenue growth through Q3 2025, supported by both organic
 growth and acquisitions

**3. Strengthening the balance sheet**

&nbsp;&nbsp;&nbsp;&nbsp;· Retired
 more than $10 million of debt and derivative liabilities year-to-date 2025 through conversions
 and structured settlements

&nbsp;&nbsp;&nbsp;&nbsp;· Moved
 from an initial stockholders' deficit of approximately $50 million shortly after the
 de-SPAC transaction to an estimated positive stockholders' equity of approximately
 $0.75 million, pro forma for the acquisitions of Amperics and Geo Impex

**4. Building a platform in high-growth electrification and energy storage markets**

Since May 2025, ConnectM has:

&nbsp;&nbsp;&nbsp;&nbsp;· Launched
 Keen Labs, a wholly owned technology subsidiary focused on AI, industrial IoT, battery systems
 and distributed energy platforms

&nbsp;&nbsp;&nbsp;&nbsp;· Acquired
 Amperics, adding next-generation hybrid battery technology to support virtual power plants
 and energy-intelligent AI data centers

&nbsp;&nbsp;&nbsp;&nbsp;· Acquired
 Geo Impex & Logistics, securing a regulatory-approved site for an AI-driven data
 center and multimodal logistics park

&nbsp;&nbsp;&nbsp;&nbsp;· Completed
 acquisitions of Air Temp Service Co. and Cambridge Energy Resources Ltd., expanding its HVAC
 services and distributed/telecom energy footprint

&nbsp;&nbsp;&nbsp;&nbsp;· Formed
 StarConnectM LLP, a joint venture with Star Engineers in India, to develop AI-powered connected
 vehicle platforms on Keen Labs' smart mobility technology

&nbsp;&nbsp;&nbsp;&nbsp;· Signed
 an initial $1.7 million distribution agreement with Greentech Renewables to scale its Keen
 smart heat pump technology across Greentech's U.S. dealer network

Management believes investor appetite for battery power, energy storage and backup power solutions remains strong and that Keen Labs gives ConnectM focused exposure to these trends.

"Very few companies make it back from the Expert Market," Panigrahi added. "We did it while growing revenue at double-digit rates, cutting liabilities, closing strategic acquisitions and launching Keen Labs and StarConnectM. We believe this combination of operational momentum and financial clean-up is exactly what longer-term investors look for in a turnaround story."

**Looking Ahead**

Near- and medium-term priorities include:

&nbsp;&nbsp;&nbsp;&nbsp;· Scaling
 revenue and margins across the Owned Service Network, Logistics and Keen Labs technology
 platforms.

&nbsp;&nbsp;&nbsp;&nbsp;· Continuing
 to reduce liabilities and raise growth capital on an opportunistic basis.

&nbsp;&nbsp;&nbsp;&nbsp;· Integrating
 recent acquisitions and pursuing targeted M&A in electrification, logistics and AI-driven
 energy infrastructure.

&nbsp;&nbsp;&nbsp;&nbsp;· Advancing
 Keen Labs' battery, distributed energy and AI infrastructure initiatives, including
 ongoing discussions with leading AI hyperscalers and data center partners regarding potential
 collaborations and deployments.

&nbsp;&nbsp;&nbsp;&nbsp;· Working
 with ThinkEquity LLC to refine the Company's capital markets strategy and prepare its
 governance, reporting and capital structure for a potential uplisting to a major U.S. exchange,
 subject to market conditions and applicable listing requirements.

**About ConnectM Technology Solutions, Inc.**

ConnectM is a constellation of technology-driven businesses powering the modern energy economy. Through its Owned Service Network, Managed Solutions, Logistics and technology subsidiary Keen Labs, the Company delivers AI-powered electrification, distributed energy, last-mile delivery and industrial IoT solutions to customers worldwide. For more information, visit <u>www.connectm.com</u>.

**Cautionary Note Regarding Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," "project" or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the "Cautionary Note Regarding Forward-Looking Statements" section of our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q that we file with the Securities and Exchange Commission. Such filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ConnectM is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

**Investor Relations**

ConnectM Technology Solutions, Inc.

+1 617-395-1333

<u>irpr@connectm.com</u>