tm2427124-1_def14a - none

Connectm科技解决方案股票公司
2 Mount Royal Avenue, Suite 550
马萨诸塞州美国邮政编码01752

特别股东大会通知
将于2024年11月19日举行

亲爱的股东：

诚挚邀请您参加股东特别大会（"特别会议Connectm科技解决方案公司，一家特拉华州的公司（以下简称为“公司”），将于2024年11月19日上午10:00（东部时间）举行股东特别大会。特别大会将以纯虚拟会议形式举行，通过实时音频网络广播。您将无法亲自参加特别大会。您可以在2024年11月19日上午10:00（东部时间）在线参加和参与特别大会，访问https://www.cstproxy.com/connectm/2024，您可以现场收听会议，提出问题并投票。您需要控制号码，该号码已包含在您的投票指示表格、代理卡或随附代理材料的说明中，才能参加虚拟特别大会。与往常一样，我们鼓励您在特别大会之前投票您的股份。

您被要求就以下事项进行投票：

To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of up to an aggregate of 10,391,588 shares of common stock upon the conversion of $13,739,484 of the Company’s outstanding debt into shares of common stock, par value $0.0001 per share (the “普通股”) of the Company at a conversion price of $2.00 per share (the “转换价格”) subject to adjustment (“提案1”或“公司Share Issuance Proposal”).

在特别会议主席根据必要情况将特别会议的休会批准至稍后的日期，以征询额外的代理人（i）批准股份发行提议，或（ii）为公司在与外部法律顾问磋商后诚实确定根据适用法律需要的任何补充或修改披露的归档或邮寄提供合理的额外时间，并确保该补充或修改披露在特别会议之前得到公司股东的传播和审阅；假如特别会议被尽快再次召开。提案2”或“公司休会提案”).

这些议题在附有本通知的代理声明中有更详细的描述。

特别会议的股东记录日期为2024年10月29日。只有在该日期营业结束时名册登记的股东才能在特别会议或其任何休会上投票。记录股东必须在您的投票指示表、代理卡上包括的控制号码或随附代理材料的指示上，才能参加特别会议。如果您持有的股份以街道名称持有，并且您的投票指示表指示您可以通过https://www.cstproxy.com/connectm/2024网站投票这些股份，那么您可以使用您投票指示表上、代理卡上或随附代理材料的控制号码访问、参加并投票特别会议。否则，以街道名称持有其股份的股东应在特别会议前至少五天联系他们的银行、经纪人或其他被提名人，并获取“合法代理”，以便能够参加或投票参加特别会议。

关于2024年11月19日上午10:00（美国东部时间）通过在线音频网络广播举行的特别会议的代理材料的重要通知
https://www.cstproxy.com/connectm/2024.

公司通知和代理材料可在https://www.cstproxy.com/connectm/2024 获取。

董事会指定 Douglas Love 加利福尼亚州布里斯班 2024年4月25日

/S/ Bhaskar Panigrahi

首席执行官Bhaskar Panigrahi
马萨诸塞州马尔博勒，2024年10月30日

Connectm科技解决方案股票公司
2 Mount Royal Avenue, Suite 550
马萨诸塞州美国邮政编码01752

代理声明书
股东特别会议

将于2024年11月19日举行

Connectm Technology Solutions，Inc.董事会（有时也被称为“董事会）正在征求您的代理，以便在股东特别会议（“董事会”）上投票。特别会议）的Connectm科技解决方案股份有限公司，一家特拉华州的公司（有时被称为“科技”我们,” “我们”公司“公司“”或“”ConnectM将于2024年11月19日上午10:00通过实时音频网络广播方式在https://www.cstproxy.com/connectm/2024进行虚拟举行，并可进行一次或多次休会或延期。参加虚拟会议的股东将享有与他们在现场会议上一样的权利和参与机会。

本代理声明（包括股东特别会议通知）将于2024年11月1日前后开始以邮寄形式发送给股东。

在2024年10月29日营业结束时（“记录日”），持股人将有权在特别会议上投票。记录日当日，普通股面值为0.0001美元的股份有21164057股（“股权登记日”）普通股”）杰出。股东名单将在特别会议前十天提供给有权进行投票的股东查看，以便进行与特别会议相关的任何目的，在上述地址的常规工作时间内。

会议议程

提案	页面	董事会推荐
提案1：为了遵守纳斯达克上市规则5635(d)，批准发行多达10,391,588股普通股，金额为 Company的未偿债务 $13,739,484，按照每股2.00美元的价格转换为公司的普通股（“转换价格转换协议”),公司与公司的某些票据持有人和债务持有人（“提案1”或“公司Share Issuance Proposal”).	7	赞成
议案2：在某些情况下，经特别会议主席批准将特别会议的休会延期至以后日期，必要时，以征求额外的委托代理（i）批准股份发行提案，或（ii）为公司在与外部法律顾问磋商后诚信确定根据适用法律所要求的任何补充或修订披露的申报或寄出享有合理的额外时间，并使公司的股东在特别会议之前阅读和审议此类补充或修订披露；前提是特别会议随后尽快重新召开（“提案2”或“公司休会提案”).	10	赞成

关于这些代理材料和投票的问题和答案

特别会议在哪里和何时举行？

特别会议将于2024年11月19日上午10:00（美国东部时间）举行。特别会议仅以虚拟会议形式进行，通过互联网上的现场音频网络广播，没有实际的亲自会议。以下提供了您参加线上特别会议所需信息摘要：

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任何股东均可通过https://www.cstproxy.com/connectm/2024的音频网络网络广播收听特别会议。网络广播将于美国东部时间上午10:00开始。

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截至记录日期的股东可在特别会议期间通过现场音频网络网络广播进行投票。

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请输入您的控制编号以进入会议。

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如果您没有控制编号，您只能聆听会议，无法在会议期间投票或提交问题。

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有关如何通过互联网参与特别会议的指示已张贴在https://www.cstproxy.com/connectm/2024。

我们建议您在东部时间上午10:00前约500分钟登录，以确保在特别会议开始时已登录。

如果您计划在特别会议期间投票，即使您已经返回了代理，您仍然可以这样做。

为了能够在线参加特别会议，您需要什么？

为了能够在特别会议期间投票或提交问题，您需要在您的投票指示表、代理卡或随附代理材料的指示上包含的控制编号。如果您找不到您的控制编号，您只能聆听会议，而无法在会议期间投票或提交问题。有关如何连接和参加互联网特别会议的指示已张贴在 https://www.cstproxy.com/connectm/2024。

如果在特别会议期间遇到技术困难或无法访问特别会议的现场音频网络转播，该怎么办？

在特别会议当天，如果您遇到任何问题，无法访问现场音频网络转播或在特别会议期间遇到问题，请致电将在虚拟特别会议的登录页面上张贴的技术支持号码寻求帮助。

谁可以在特别会议上投票？

在记录日期，共有21,164,057股普通股股票已发行并有权投票。只有在记录日期为股东才有权在特别会议上进行投票。

股权载册人：记录在您名下的股份

如果您在股东记录日期时将股份直接注册在我们的过户代理Continental Stock Transfer & Trust Company名下，则您是记录持股人。作为记录持股人，您可以在特别股东大会上投票或通过代理投票。无论您是否计划虚拟出席特别股东大会，我们都建议您填写并退回代理卡，或按照以下指示通过电话或网路进行代理投票，以确保您的选票被计算。

受益人：股份登记在券商或银行名下

如果在记录日期时，您的股份不是以您的名义持有，而是在券商、银行、经纪商或其他类似机构的账户中，那么您是作为“街市”持有的股份的受益人。

这些代理资料应由该组织转交给您。持有您账户的组织被视为股东纪录，以便在特别大会上进行投票。作为有益所有人，您有权指示您的券商、银行、经纪人或其他代理人如何投票您账户中的股份。您必须遵循券商公司、银行或其他类似组织为其银行、券商或其他股东纪录提供的指示，以按照您的指示投票您的股份。另外，许多券商和银行提供方式，通过电话和互联网授权代理人或以其他方式指示他们投票您的股份，包括通过电子邮件或投票指示表向您提供16位数控制号码。如果您的股份存放在提供此服务的券商、银行或其他股东纪录的账户中，您可以按照您的券商、银行或其他股东纪录的指示通过电话（拨打代理资料中提供的电话号码）或通过互联网指示他们投票您的股份。如果您未收到16位数控制号码，无论是通过电子邮件还是在投票指示表上，并希望在虚拟特别大会之前或当场投票，您必须遵循您的券商、银行或其他股东记录的指示，包括获取有效的法定代理权的任何要求。许多券商、银行和其他股东记录允许有益所有人通过网络或邮寄获得有效的法定代理权，我们建议您联系您的券商、银行或其他股东记录以进行操作。

我有多少票？

就即将投票的问题而言，截至记录日期，您拥有每股普通股一票。

我在投票什么？

有两个事项安排进行投票：

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提议1: 批准为了遵守纳斯达克上市规则5635(d)，将公司未偿还债务的13,739,484美元转换为面值$0.0001每股的普通股，最多发行10,391,588股。普通股公司每股转换价为$2.00 (「换股价格」，根据此处所述的调整，根据2024年9月和2024年10月签订的某些票据转换协议和债务转换协议（统称为「转换协议」，公司与公司的某些债权人之间的协议（「提案1” 或“公司”发行股票提议”).

提案2在某些情况下，通过特别会议主席将特别会议的休会批准到以后的日期，以便在需要时，征集额外的代理( i )以批准股份发行提案，或( ii )为公司确认在经过与外部法律顾问协商后诚实认为依适用法律所需的任何补充或修正披露的提交或邮寄提供合理的额外时间，并使这些补充或修正披露在特别会议前被公司股东传播并审查；前提是特别会议随后尽快重新召开（“提案2” 或“公司”延期议案”).

如果其他事项被适当地提出在特别会议之前，会怎么办？

董事会不知道有任何其他事项将提呈特别会议。如果任何其他事项被正当地提呈特别会议，则附带代理人许可书中提名的人士打算根据其最好的判断对这些事项进行投票。当您签署代理形式时，将授予这种自由裁量权。

我该如何投票？

投票程序如下：

持股人记录：以您的名义注册的股份

如果您是记录日的持股人，您可以在特别会议上投票，通过电话代理投票，通过互联网代理投票，或使用代理卡进行代理投票

可能会要求或我们可能选择稍后交付。无论您是否计划出席特别会议，我们建议您通过代理投票以确保您的投票被计算。即使您已通过代理投票，您仍可以出席特别会议并在会议期间在线投票。

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透过互联网投票：要透过互联网投票，请访问 https://www.cstproxy.com/connectm/2024 完成电子代理卡。您将被要求提供您投票指示表上的控制号码，或在您的代理卡上，或附带您的代理材料的说明中找到的控制号码。您的互联网投票必须在2024年11月18日晚上11:59（美东时间）之前收到才会计算。

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透过电话投票：要通过电话投票，请使用触摸式电话免费拨打号码并按照录音指示操作。您将被要求提供来自投票指示表或代理卡的公司号码和控制号码。您的电话投票必须在2024年11月18日晚上11:59（美东时间）之前收到才会计算。电话指示如下：

电话接入（仅限收听）：
美国和加拿大境内：1-800-450-7155（免费通话）
美国境外与加拿大境外：+1-857-999-9155（标准费率适用）

会议ID：
5783274#

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代理人投票卡：使用代理投票卡投票，只需填写、签名和日期代理投票卡，然后及时将其寄回提供的信封。如果您在特别会议前将已签署的代理投票卡寄给我们，我们将按您的指示投票您的股份。

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会议中进行投票若要在特别会议期间在线投票，请按照提供的指示加入特别会议，链接为https://www.cstproxy.com/connectm/2024，时间为2024年11月19日上午10:00 美东时间。

受益人：股份登记在券商或银行名下

如果您是券商、银行、经纪人或其他代理人名下注册股份的受益人，您应收到来自该组织而非我们的委任代表授权材料或投票指示表，只需按照指示表上的投票指示进行即可确保您的投票被计入。或者，您可以按照券商或银行指示透过电话或网路投票。要在特别会议期间进行在线投票，您需要投票指示表、代理卡或随授权材料附带的指示上所包含的控制号码。

网路委任代表投票可能提供以便让您在线投票股份，其程序旨在确保您的委任代表投票指示的真实性和正确性。但请注意，您必须承担与您的网路访问相关的任何成本，如来自网路服务提供商和电话公司的使用费。

如果我是纪录股东，没有投票，或者提交了代理卡或以其他方式投票但没有给出具体的选票指示，会发生什么情况？

如果您是股东记录人，且未通过填写您的授权卡、电话、网路或在特别会议期间在线投票来投票，您的股份将不会被计入。

如果您返回签署日期的授权卡或以其他方式投票而未标记投票选项，您的股份将被投票赞成提案1和提案2。如果特别会议上提出任何其他事项，您的委任代表（代理卡上列名的一个人）将根据其最佳判断投票。

如果我是以「街名」持有的股份的受益人，并且我未向我的经纪人或银行提供投票指示，会发生什么情况？

如果您是以「街名」持有的股份的受益人，并且您未向您的经纪人提供如何投票您的股份的指示，您的经纪人是否仍然能够投票您的股份的问题取决于

无论纽约证券交易所（“NYSE”）认为特定的提议属于“例行”事项与否。虽然我们的股份未在NYSE上市，但NYSE监管券商和他们在股东提议上投票的自由裁量权。根据适用于受NYSE规则约束的券商和其他类似组织的NYSE规则，这些组织可以自行决定就根据NYSE规则被视为“例行”的事项投票您的“未指示股份”，但对于“非例行”事项则不行。根据这些规则和解读，非例行事项是可能重大影响股东权利或特权的事项，如合并、股东提议、董事选举（即使未有争议）、高管薪酬（包括有关高管薪酬的任何顾问性股东投票以及对高管薪酬股东表决频率的投票）以及一些公司治理提议，即使得到管理层支持。

提议1（股份发行提议）被视为“非例行”，因此您的券商无法在未获您指示的情况下为这一提议投票。

什么是「经纪商无投票权」？

如上所述，当“街名”持股的受益拥有人未向其券商、银行或其他代理人给出有关被视为“非例行”的事项投票指示时，该券商、银行或其他证券中介机构不能就该事项为其投票。当至少有一个“例行”事项在会议上审议时，“券商不投票”发生在一个单独的事项被认为是“非例行”，并且持有受益拥有人股份的券商、银行或其他证券中介没有关于正在审议的“非例行”事项的自由投票权，也未收到受益拥有人的指示。这些未投票的“非例行”事项股份被视为券商不投票。

由于纽交所已确定提案1（股份发行提案）被视为「非例行性」，我们预计在特别会议上对提案1不会有任何券商缺席投票。因此，对于股份发行提案，有利益所有者特别重要指示他们的银行、券商或代理人如何投票。

因此，如果您是以街道名义持有的股份的有利益所有者，为确保您的股份投票方式符合您的意愿，您需在您从您的券商或银行收到的资料中提供投票指示。必须在特定期限内向您的券商或银行提供投票指示，以确保您的股份按照您的意愿投票。

谁支付这次代理人征求委托？

Connectm将支付所有征集代理的费用。除了这些代理材料，我们的董事和员工也可能亲自、通过电话或其他沟通方式征集代理。董事和员工不会因征集代理而另行支付任何额外报酬。我们还可能对券商、银行、经销商和其他代理支付转发代理材料给有利益所有者的成本。此外，我们已聘请Advantage Proxy, Inc.协助征集代理并提供相关建议和信息支持，以服务费和惯常支出的偿销，预计总额不超过$6,750。如对此代理声明有任何问题，请致电Advantage Proxy免费电话877-870-8565，收费电话206-870-8565或通过电子邮件联络KSmith@advantageproxy.com。

如果我收到多于一份代理投票权，这代表什么意思？

如果您收到超过一份代理，这表示您持有在多个账户注册的股份。例如，如果您以不同的注册形式拥有股份，如与您的配偶一起、作为信托的受托人或为未成年人的监护人，您将收到一份以上的代理，并需要签署和退回分别针对这些股份的代理卡，因为它们以不同形式的记录所有权持有。因此，为确保所有股份都投票，您需要签署和退回您收到的每份代理卡，或通过在每份代理卡上使用不同的控制编号进行电话投票或通过互联网投票。

提交代理后，我可以更改我的投票吗？

股东名册：持有以您名义登记的股份

可以在特别股东大会最终表决前的任何时间撤回您的代理。如果您是股份的记录持有人，则可以通过以下任何一种方式撤销您的代理：

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•

You may submit another properly completed proxy card with a later date.

•

You may grant a subsequent proxy by telephone or through the internet.

•

You may send a timely written notice that you are revoking your proxy to: ConnectM Technology Solutions, Inc., 2 Mount Royal Avenue, Suite 550, Marlborough, Massachusetts 01752, Attention: Secretary.

•

You may vote during the Special Meeting which will be hosted via the internet. Simply attending the Special Meeting online will not, by itself, revoke your proxy. Even if you plan to attend the Special Meeting online, we recommend that you also submit your proxy or voting instructions or vote by telephone or through the internet so that your vote will be counted if you later decide not to attend the Special Meeting online.

Your most current proxy card or telephone or internet proxy is the one that is counted.

Beneficial Owner: Shares Registered in the Name of Broker or Bank

If your shares are held by your broker, bank, or other agent you should follow the instructions provided by your broker, bank, or other agent.

How are votes counted?

Each share of our Common Stock you own entitles you to one vote. The inspector of elections will count votes for the meeting.

With respect to Proposal 1 (the Share Issuance Proposal), the inspector of elections will separately count votes “For” and “Against,” and abstentions.

Abstentions will not be counted towards the vote total and will have no effect on Proposal 1 (the Share Issuance Proposal).

We have been advised by the NYSE that Proposal 1 (the Share Issuance Proposal) is considered “non-routine” under NYSE rules, and accordingly, your broker may not vote your shares on this proposal without instructions from you. Therefore, we do not anticipate any “broker non-votes” with respect to Proposal 1 at the Special Meeting.

With respect to Proposal 2 (the Adjournment Proposal), the inspector of elections will separately count votes “For” and “Against,” and abstentions. We have been advised by the NYSE that Proposal 2 (the Adjournment Proposal) is considered “routine” under NYSE rules, and accordingly, your broker may vote your shares on this proposal without instructions from you. Abstentions with respect to this proposal will have the effect of a vote “AGAINST” such proposal.

What vote is required for adoption or approval of the proposal and how will votes be counted?

The following table summarizes the minimum vote needed to approve the proposal and the effect of abstentions.

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Proposal
Number

Proposal
Description

Vote Required for Approval

Voting Options

Effect of
Abstentions

Effect of
Broker
Non-Votes
(if any)

Board
Recommendation

Share
Issuance
Proposal

“For” votes from the holders of a majority of total votes cast on the matter

FOR,
AGAINST,
or ABSTAIN

No effect

N/A

FOR

Adjournment
Proposal

“For” votes from the holders of a majority of total votes cast on the matter

FOR,
AGAINST,
or ABSTAIN

AGAINST

FOR

What Happens if Proposal 1 is approved at the Special Meeting?

If Proposal 1 is approved at the Special Meeting, the Company will be permitted to convert the principal and accrued interest owed by the Company to certain debt holders in an amount of $13,739,484 into an aggregate amount of up to 10,391,588 shares of Company Common Stock, pursuant to the Conversion Agreements. For additional information, please see “Proposal 1 — Potential Effects of Approval of this Proposal” below.

What Happens if Proposal 1 is not approved at the Special Meeting?

If Proposal 1 is not approved at the Special Meeting, no Issuable Shares (as defined below) will be issued and the Company will remain obligated to make regular payments of interest and principal under the existing promissory notes and debt instruments that are the subject of the Conversion Agreements, which could adversely impact our ability to fund our operations.

What is the quorum requirement?

A quorum of stockholders is necessary to hold the Special Meeting. The presence, by virtual attendance or by proxy, of the holders of one-third in voting power of the shares of Common Stock issued and outstanding on the Record Date and entitled to vote at a meeting of stockholders will constitute a quorum for the transaction of business at the Special Meeting. On the Record Date, there were 21,164,057shares of Common Stock outstanding and entitled to vote. Broker non-votes and abstentions will be counted as present for the purpose of establishing a quorum

Thus, the holders of 7,054,687 shares of Common Stock must be present by virtual attendance or represented by proxy at the Special Meeting to have a quorum.

Your shares will be counted towards the quorum only if you submit a valid proxy (or one is submitted on your behalf by your broker, bank, dealer or other agent) or if you vote online during the Special Meeting. Abstentions will be counted towards the quorum requirement. If there is no quorum, the chair of the Special Meeting or the holders of a majority of shares of our Common Stock present by virtual attendance at the Special Meeting or represented by proxy may adjourn the Special Meeting to another date.

How can I find out the results of the voting at the Special Meeting?

Preliminary voting results will be announced at the Special Meeting. In addition, final voting results will be published in a Current Report on Form 8-K that we expect to file with the SEC within four business days after the Special Meeting. If final voting results are not available to us in time to file a Form 8-K within four business days after the Special Meeting, we intend to file a Form 8-K to publish preliminary results and, within four business days after the final results are known to us, file an additional Form 8-K to publish the final results.

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PROPOSAL 1:
THE SHARE ISSUANCE PROPOSAL

Background

From September 12, 2024 through and including October 21, 2024, ConnectM Technology Solutions, Inc., a Delaware corporation (the “Company”) entered into certain note conversion agreements and debt conversion agreements (collectively, the “Conversion Agreements”), between the Company and certain of the Company’s note holders and debt holders (each, a “Holder”), pursuant to which the Holders have agreed to convert an aggregate amount of $13,739,484 of principal and accrued but unpaid interest on certain debt instruments issued by the Company to such Holders into up to 10,391,588 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a conversion price of $2.00 per share (the “Conversion Price”) subject to adjustment, as set forth below.

Share Adjustment Mechanisms. The number of shares issuable pursuant to the Conversion Agreements are subject to one of two adjustment mechanisms, as follows:

Share Adjustment Mechanism I. With respect to certain of the Conversion Agreements (“Mechanism I Agreements”), a share adjustment operates as follows: on the date that is the earlier of (A) six months from the date of the applicable agreement and (B) the date that a registration statement filed with the Securities and Exchange Commission registering the shares issued pursuant to the agreement, is declared effective (the “Mechanism I Reset Date”), if the Mechanism I Reset Price (as defined below) is less than $2.00 per share, then the Company shall issue to the Holder an additional number of shares of Common Stock equal to the quotient obtained by dividing (i) the product of (A) the Conversion Price less the Mechanism I Reset Price and (B) the number of shares of Common Stock initially issued to such Holder upon conversion (the “Conversion Shares”), by (ii) the Reset Price (such additional shares, the “Mechanism I Reset Shares”).

With respect to Mechanism I Agreements, “Mechanism I Reset Price” means, with respect to one share of Common Stock, the greater of (A) the volume weighted average price of the Common Stock on the principal market for the Common Stock during the period beginning at 9:30:01 a.m., New York time and ending at 4:00:00 p.m. New York time over the five (5) trading days immediately preceding the Mechanism I Reset Date and (B) $1.25 (as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events occurring after the date hereof).

II.

Share Adjustment Mechanism II. With respect to certain other Conversion Agreements (“Adjustment II Agreements”) a share adjustment operates as follows:

(A) On the on the date that is eighteen (18) weeks from the date that a registration statement filed with the Securities and Exchange Commission registering the Conversion Shares for resale, is declared effective (the “Mechanism II First Reset Date”), if the Mechanism II First Reset Price (as defined below) is less than the $2.00 (each, as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events occurring after the date hereof), then the Company shall, at the Holder’s election, either (i) issue to the Holder an additional number of shares of Common Stock equal to the quotient obtained by dividing (A) the product of (1) $2.00 less the Mechanism II First Reset Price and (2) the number of Conversion Shares held by the holder as of the end of business on the Mechanism II First Reset Date by (B) the Mechanism II First Reset Price or (ii) pay to the Holder an amount equal to the product of (A) $2.00 less the Mechanism II First Reset Price and (B) the number of Conversion Shares held by the Holder as of the end of business on the Mechanism II First Reset Date.

(B) On the date that is thirty-six (36) weeks from the date that a registration statement filed with the Securities and Exchange Commission registering the Conversion Shares for resale is declared effective (the “Mechanism II Second Reset Date”) if the Mechanism II Second Reset Price (as defined below) is less than the Mechanism II First Reset Price (each, as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events occurring after the date hereof), then the Company shall, at the Holder’s election, either (i) issue

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to the Holder an additional number of shares of Common Stock equal to the quotient obtained by dividing (A) the product of (1) the Mechanism II First Reset Price less the Mechanism II Second Reset Price and (2) the number of Conversion Shares held by the Holder as of the end of business on the Mechanism II Second Reset Date by (B) the Mechanism II Second Reset Price (such additional shares, the “Mechanism II Second Reset Shares” and together with the Mechanism I Reset Shares, the “Reset Shares”) or (ii) pay to the Holder an amount equal to the product of (A) the Mechanism II First Reset Price less the Mechanism II Second Reset Price and (B) the number of Conversion Shares held by the Holder as of the end of business on the Mechanism II Second Reset Date.

(C) In addition, on the Mechanism II Second Reset Date, if the Mechanism II Second Reset Date Market Price is less than $1.25, then the Company shall pay to the Holder an amount equal to the product of (i) $1.25 less the Mechanism II Second Reset Date Market Price and (ii) the number of Conversion Shares (including without limitation any Mechanism II Second Reset Shares) held by the Holder as of the end of business on the Mechanism II Second Reset Date (the “Make-Whole Payment”), which Make-Whole Payment shall be paid by the Company to the Holder within thirty (30) days of the Mechanism II Second Reset Date.

With respect to Mechanism II Agreements:

“Mechanism II First Reset Price” means, with respect to one share of Common Stock, the greater of (A) the volume weighted average price of the Common Stock on the principal market for the Common Stock during the period beginning at 9:30:01 a.m., New York time and ending at 4:00:00 p.m. New York time over the five (5) trading days immediately preceding the Mechanism II First Reset Date and (B) $1.25.

“Mechanism II Second Reset Price” means, with respect to one share of Common Stock, the greater of (A) the volume weighted average price of the Common Stock on the principal market for the Common Stock during the period beginning at 9:30:01 a.m., New York time and ending at 4:00:00 p.m. New York time over the five (5) trading days immediately preceding the Mechanism II Second Reset Date (the “Mechanism II Second Reset Date Market Price”) and (B) $1.25.

Accordingly, a total of 10,391,588 shares of Common Stock are issuable pursuant to the Conversion Agreements, comprised of 6,719,742 Conversion Shares and up to 3,671,846 Reset Shares (collectively, the “Issuable Shares”).

The Proposal

This is a proposal to approve, for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of up to an aggregate of 10,391,588 shares of Common Stock upon the conversion of $13,739,484 of the Company’s outstanding debt into shares of Common Stock of the Company at a conversion price of $2.00 per share (the “Conversion Price”) subject to adjustment, pursuant to the Conversion Agreements (“Proposal 1” or the “Share Issuance Proposal”).

Why We Need Stockholder Approval

Nasdaq Listing Rule 5635(d) requires stockholder approval in connection with a transaction, other than a public offering, involving the sale or issuance by the issuer of common stock (or securities convertible into or exchangeable for common stock) equal to 20% or more of the common stock or 20% or more of the voting power outstanding before the issuance for a price that is less than the lower of: (i) the closing price of the common stock immediately preceding the signing of the binding agreement for the issuance of such securities; or (ii) the average closing price of the common stock for the five trading days immediately preceding the signing of the binding agreement for the issuance of such securities.

The issuance of the Issuable Shares would not constitute a public offering under the Nasdaq Listing Rules. In addition, immediately prior to the execution of the Conversion Agreements, we had 21,164,057 shares of Common Stock issued and outstanding. Therefore, the issuance of up to 10,391,588 Issuable Shares would constitute greater than 20% of the shares of common stock outstanding immediately prior to the execution of the Conversion Agreements. Moreover, the Conversion Price is a price that is less than the lower of: (i) the closing price of the Common Stock immediately preceding the signing of the Conversion

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Agreements; or (ii) the average closing price of the Common Stock for the five trading days immediately preceding the signing of the Conversion Agreements.

Accordingly, stockholder approval is required as the issuance of the Issuable Shares does not constitute a public offering under the Nasdaq Listing Rules and the previously described pricing conditions were not met.

Dilution and Potential Adverse Impact of Approval of the Share Issuance Proposal

The issuances of the Issuable Securities, will result in an increase in the number of shares of Common Stock outstanding and our stockholders will incur dilution of their percentage ownership as a result. Following such issuances, our current stockholders will own a smaller proportionate interest in the Company and, therefore, have less ability to influence corporate decisions requiring stockholder approval. The issuance of such shares could also have a dilutive effect on our book value per share and on any future earnings per share, and the sale or any resale of such shares could cause prevailing market prices for our Common Stock to decline.

Potential Effects of Non-Approval of this Proposal

The Company is not seeking the approval of stockholders to authorize its entry into the transaction described above, as the Company has already done so and such documents are already binding obligations of the Company. The failure of stockholders to approve this proposal will not negate the existing terms of the transactions or the relevant documents, which will remain binding on the Company.

If the Share Issuance Proposal is not approved at the Special Meeting, no Issuable Shares will be issued and the Company will remain obligated to make regular payments of interest and principal under the existing promissory notes and debt instruments that are the subject of the Conversion Agreements, which could adversely impact our ability to fund our operations.

Vote Required

The approval of this proposal requires “For” votes from the holders of a majority of total votes cast on the proposal in accordance with Nasdaq Listing Rule 5635-3(e). Abstentions will have no effect on the proposal. We have been advised by the NYSE that this Proposal 1 is considered “non-routine” under NYSE rules, and accordingly, your broker may not vote your shares without instructions from you. Therefore, we do not expect “broker non-votes” to exist in connection with this proposal. If a proxy card is signed and returned or otherwise voted without marking voting selections, the persons named in your proxy will vote your shares “For” this proposal.

THE BOARD OF DIRECTORS RECOMMENDS
A VOTE “FOR” FOR THE APPROVAL OF THE SHARE ISSUANCE PROPOSAL.

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PROPOSAL 2
THE ADJOURNMENT PROPOSAL

The Proposal

This is a proposal to approve the adjournment of the Special Meeting by the chair of the Special Meeting to a later date, if necessary, under certain circumstances, to solicit additional proxies (i) to approve the Share Issuance Proposal, or (ii) to allow reasonable additional time for the filing or mailing of any supplemental or amended disclosure that the Company has determined in good faith after consultation with outside legal counsel is required under applicable law and for such supplemental or amended disclosure to be disseminated and reviewed by the Company’s stockholders prior to the Special Meeting; provided that the Special Meeting is reconvened as promptly as practical thereafter (“Proposal 2” or the “Adjournment Proposal”).

Consequences if the Adjournment Proposal is Not Approved

If the Adjournment Proposal is not approved by our stockholders, the chair of the Special Meeting will not adjourn the Special Meeting to a later date.

Required Vote

The Adjournment Proposal will be approved and adopted only if holders of at least a majority of the issued and outstanding shares of Common Stock present in person by virtual attendance or represented by proxy and entitled to vote at the Special Meeting vote “FOR” the Adjournment Proposal. Abstentions with respect to this proposal will have the effect of a vote “AGAINST” such proposal. Broker non-votes with respect to this proposal will have no effect on the vote.

THE BOARD OF DIRECTORS RECOMMENDS
A VOTE “FOR” FOR THE APPROVAL OF THE ADJOURNMENT PROPOSAL.

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SECURITY OWNERSHIP OF
CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth information regarding beneficial ownership of our capital stock as of October 30, 2024 by:

•

each person, or group of affiliated persons, known by us to beneficially own more than 5% of our Common Stock;

•

each of our directors;

•

each of our named executive officers; and

•

all of our current executive officers and directors as a group.

The following table is based upon information supplied by officers, directors and principal stockholders and Schedules 13D and 13G filed with the SEC. Unless otherwise indicated in a footnote to this table and subject to community property laws where applicable, the Company believes that each of the stockholders named in this table has sole voting and investment power with respect to the shares indicated as beneficially owned.

Applicable percentages are based on 21,164,057 shares of our Common Stock outstanding on October 30, 2024, adjusted as required by rules promulgated by the SEC. Unless otherwise indicated, the address for the following stockholders is care of: ConnectM Technology Solutions, Inc., 2 Mount Royal Avenue, Suite 550, Marlborough, Massachusetts 01752.

Name and Address of Beneficial Owner(1)	Number of Shares		% of Class
Directors and Executive Officers of ConnectM
Bala Padmakumar(2)		2,250,000		10.6%
Bhaskar Panigrahi(6)		4,206,043		19.9%
Girish Subramanya		431,775		2.0%
Kevin Stateham(3)		24,967
Mahesh Choudhury(4)		225,936
Gautam Barua		—
Kathy Cuocolo		25,000
Stephen Markscheid		25,000
All directors and executive officers of ConnectM as a group (eight individuals)
Five Percent Holders of ConnectM:
Bala Padmakumar(2)		1,625,000		7.7%
Bhaskar Panigrahi(6)		4,206,043		19.4%

Less than 1%

(1)

Unless otherwise noted, the business address of each of the following individuals is c/o ConnectM Technology Solutions, Inc., 2 Mount Royal Ave., Suite 550, Marlborough, MA 01752.

(2)

Monterrey Acquisition Sponsor, LLC, (“MAS”), is the record holder of the securities reported herein. Bala Padmakumar is the managing member of MAS. Mr. Padmakumar shares voting and dispositive power over the founder shares held by MAS and may be deemed to beneficially own such shares. Bala Padmakumar, Daniel Davis, and Vivek Soni are each members of MAS. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly. The post-business combination shares includes 3,040,000 shares issuable pursuant to warrants that will be exercisable following the business combination.

(3)

Consists of 24,967 shares issuable pursuant to stock options exercisable within 60 days of the date hereof.

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HOUSEHOLDING OF PROXY MATERIALS

The SEC has adopted rules that permit companies and intermediaries (e.g., brokers) to satisfy the delivery requirements for Special Meeting materials with respect to two or more stockholders sharing the same address by delivering a single proxy statement or other Special Meeting materials addressed to those stockholders. This process, which is commonly referred to as “householding,” potentially means extra convenience for stockholders and cost savings for companies.

A number of brokers with account holders who are ConnectM stockholders will be “householding” the Company’s proxy materials. A single proxy statement will be delivered to multiple stockholders sharing an address unless contrary instructions have been received from the affected stockholders.

Once you have received notice from your broker that they will be “householding” communications to your address, “householding” will continue until you are notified otherwise or until you revoke your consent. If, at any time, you no longer wish to participate in “householding” and would prefer to receive separate materials, please notify your broker or ConnectM. Direct your written request to the attention of the Secretary of ConnectM Technology Solutions, Inc., 2 Mount Royal Avenue, Suite 550, Marlborough, Massachusetts 01752. Stockholders who currently receive multiple copies of the proxy materials at their addresses and would like to request “householding” of their communications should contact their brokers.

ADDITIONAL FILINGS

We make available, free of charge on our website, all of our filings that are made electronically with the SEC, including Forms 10-K, 10-Q and 8-K. To access these filings, go to our website https://www.connectm.com and click on “SEC Filings” under the “Investors” heading. Copies of our SEC filings, are also available without charge to stockholders by contacting the Secretary of ConnectM Technology Solutions, Inc., 2 Mount Royal Avenue, Suite 550, Marlborough, Massachusetts 01752.

OTHER MATTERS

The Board knows of no other matters that will be presented for consideration at the Special Meeting. If any other matters are properly brought before the Special Meeting, it is the intention of the persons named in the accompanying proxy to vote on such matters in accordance with their best judgment. This discretionary authority is granted when you sign the form of proxy.

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ANNEX A

PROXY CARD

ConnectM Technology Solutions, Inc.
2 Mount Royal Avenue, Suite 550
Marlborough, Massachusetts 01752

SPECIAL MEETING OF STOCKHOLDERS

November 19, 2024

YOUR VOTE IS IMPORTANT

FOLD AND DETACH HERE

ConnectM Technology Solutions, Inc.

THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS
FOR THE SPECIAL MEETING OF STOCKHOLDERS TO BE HELD ON
November 19, 2024

The undersigned, revoking any previous proxies relating to these shares, hereby acknowledges receipt of the Notice and Proxy Statement, dated October 30, 2024, in connection with the Special Meeting to be held at 10:00 a.m. ET on November 19, 2024 in a virtual meeting format at https://www.cstproxy.com/connectm/2024 and via teleconference using the following dial-in information and via teleconference using the following dial-in information:

Telephone access (listen-only):
Within the U.S. and Canada: 1 800-450-7155 (toll-free)
Outside of the U.S. and Canada: +1 857-999-9155 (standard rates apply)

Conference ID:
5783274#

The undersigned hereby appoints each of Bhaskar Panigrahi and Mahesh Choudhury, either of whom may act, as the attorney and proxy of the undersigned, with power of substitution, to vote all shares of the common stock, par value $0.0001 per share, of ConnectM Technology Solutions, Inc. (the “Company”) registered in the name provided, which the undersigned is entitled to vote at the Special Meeting of Stockholders, and at any adjournments thereof, with all the powers the undersigned would have if personally present. Without limiting the general authorization hereby given, said proxy is instructed to vote or act as follows on the proposal set forth in this Proxy Statement.

THIS PROXY, WHEN EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED “FOR” EACH OF THE PROPOSALS TO BE VOTED ON AT THE SPECIAL METING.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” EACH OF PROPOSALS. This notice of meeting, the accompany proxy statement and proxy card will be available at https://www.cstproxy.com/connectm/2024.

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PROPOSAL 1. The Share Issuance Proposal — To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of up to an aggregate of 10,391,588 shares of Common Stock upon the conversion of $13,739,484 of the Company’s outstanding debt into shares of Common Stock of the Company at a conversion price of $2.00 per share, subject to adjustment.

For ☐

Against ☐

Abstain ☐

PROPOSAL 2. The Adjournment Proposal — to approve the adjournment of the Special Meeting by the chair of the Special Meeting to a later date, if necessary, under certain circumstances, to solicit additional proxies (i) to approve the Share Issuance Proposal, or (ii) to allow reasonable additional time for the filing or mailing of any supplemental or amended disclosure that the Company has determined in good faith after consultation with outside legal counsel is required under applicable law and for such supplemental or amended disclosure to be disseminated and reviewed by the Company’s stockholders prior to the Special Meeting; provided that the Special Meeting is reconvened as promptly as practical thereafter.

For ☐

Against ☐

Abstain ☐

				Dated: , 2024
	Dated: , 2024 Stockholder Signature			Stockholder’s Signature
				Stockholder’s Signature

Signature should agree with name printed hereon. If stock is held in the name of more than one person, EACH joint owner should sign. Executors, administrators, trustees, guardians, and attorneys should indicate the capacity in which they sign. Attorneys should submit powers of attorney.

PLEASE SIGN, DATE AND RETURN THE PROXY IN THE ENVELOPE ENCLOSED TO

CONTINENTAL STOCK TRANSFER & TRUST COMPANY. THIS PROXY WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED “FOR” PROPOSALS 1 AND 2 AND WILL GRANT DISCRETIONARY AUTHORITY TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING OR ANY ADJOURNMENTS THEREOF. THIS PROXY WILL REVOKE ALL PRIOR PROXIES SIGNED BY YOU.

	我为什么会收到有关代理材料在互联网上的通知？					1
	提案1：批准普通股发行					7
	提案2：休会提案					10
	选民资料的家庭持有一些银行，经纪人和其他被提名人持有者可能参与“家庭持有”选民申明和年度报告的实践。这意味着我们的文件，包括这份选民申明，只可能被发送到您家庭中的多个股东中的一个人。如果您要在以后收到选民申明或股东年报的单独副本，或者如果您收到多个副本并希望每个家庭只收到一个副本，请联系您的银行，经纪人或其他被提名人持有者，或者您可以通过上述地址和电话号码与我们联系。					13
	SEC允许我们将我们向其提交的信息和报告纳入参考，这意味着我们可以通过提供这些文件向您披露重要信息。纳入的信息是本选民申明的重要组成部分，稍后我们向SEC提交的信息将自动更新并取代已经纳入参考的信息。这些文件被认为是本选民申明的一部分，自提交这些文件的日期起生效。如果这些文件中的信息存在冲突，则最新提交的文件中的信息应被视为正确。我们将纳入以下文件，这些文件已经向SEC提交，以及我们在证券交易所法规13(a)、13(c)、14或15(d)项下向SEC提交的任何未来提交，包括此选民申明提交日期之后提交的所有提交，但不包括未按要求提交的未来报告或文件的任何部分。					13