ConnectM extends Ascent Partners note maturity trigger to 90 days after lock-up ends
CNTM•ConnectM Technology Solutions amended two senior secured convertible promissory notes with Ascent Partners Fund, extending the automatic maturity acceleration trigger from 30 days to 90 days after the Lock-Up Termination Date. The amendment takes effect only after payment of all obligations due and cannot take effect before October 27, 2026.
1. Amended maturity terms
ConnectM Technology Solutions amended two Senior Secured Convertible Promissory Notes with Ascent Partners Fund on October 27, 2026. The amendment shifts automatic maturity acceleration to 90 days after the Lock-Up Termination Date, from 30 days.
2. Effectiveness conditions
Effectiveness requires payment of all obligations due, including invoiced costs and fees, and cannot precede October 27, 2026. Ascent may terminate the amendment upon notice if it remains ineffective two business days beyond that date.
