ConnectM Completes Business Combination with Monterey Capital Acquisition Corporation [Yahoo! Finance]
Monterey Capital Acquisition Corporation - Unit (MCACU)
Company Research
Source: Yahoo! Finance
MARLBOROUGH, MA / ACCESSWIRE / July 12, 2024 ConnectM Technology Solutions, Inc. ("ConnectM"), a technology company focused on the electrification economy by integrating electrified energy assets with its AI driven technology solution platform, today announced that it has completed its previously announced business combination with special purpose acquisition company, Monterey Capital Acquisition Corporation ("MCAC"). The business combination was approved at a special meeting of MCAC's stockholders on July 10, 2024 and the combined company now operates as ConnectM Technology Solutions, Inc. ("ConnectM"). Beginning Monday, July 15, 2024, ConnectM's common stock will trade on the Nasdaq Global Market under the ticker symbol "CNTM." Bhaskar Panigrahi, Chairman and Chief Executive Officer of ConnectM, and the legacy management team of ConnectM will continue to lead combined company. Bala Padmakumar, former Chairman and Chief Executive Officer of MCAC will assume an active role as the
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