ConnectM issues USD 1,388,889 senior secured convertible note to Ascent Partners Fund
CNTM•CNTM•CNTM•CNTM•ConnectM Technology Solutions issued Ascent Partners Fund a senior secured convertible note with USD 1,388,888.89 principal for a USD 1.25 million purchase price. The note carries 10% annual interest and matures Sept. 28, 2027, subject to earlier acceleration.
ConnectM Technology Solutions issued Senior Secured Convertible Promissory Note Two-A to Ascent Partners Fund in an unregistered private placement. The note has USD 1,388,888.89 in principal against a USD 1.25 million purchase price, reflecting a USD 138,888.89 original issue discount.
The note carries 10% annual interest, with one year guaranteed, and matures Sept. 28, 2027, subject to earlier acceleration. Before a listing event, it may be converted at the lower of USD 4.5885 or 95% of the lowest five-day VWAP.
The sale relied on exemptions under Securities Act Section 4(a)(2) and Regulation D Rule 506.
