ConnectM Technology Solutions Inc 2024年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended September 30, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 Commission File Number: 001-41389 ConnectM Technology Solutions, Inc.(Exact name of registrant as specified in its charter) Registrant’s telephone number, including area code:617-395-1333 Not applicable(Former name or former address, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrantwas required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Date File required to besubmitted and pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (orfor such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer”,“accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. Large accelerated filerNon-accelerated filer Accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YesNo As of December 10, 2024, there were 21,249,057 shares of common stock of the Company issued and outstanding. EXPLANATORY NOTE On July 12, 2024 (the “Closing Date”), ConnectM Technology Solutions, Inc., a Delaware corporation (f/k/aMonterey Capital Acquisition Corporation, “ConnectM,” the “Company,” “we,” “us” or “our”), consummated itspreviously announced business combination pursuant to that certain Agreement and Plan of Merger, datedDecember 31, 2022 (as amended, the “Merger Agreement”), by and among the Company, Chronos Merger Sub Inc.,a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), and ConnectM Operations,Inc. (f/k/a ConnectM Technology Solutions Inc., “Legacy ConnectM”), following the approval at a special meetingof the stockholders of the Company held on July 10, 2024 (the “Special Meeting”). Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into Legacy ConnectM, with LegacyConnectM surviving the merger as a wholly owned subsidiary of the Company (the “Merger” and, together with theother transactions contemplated by the Merger Agreement, the “business combination”). On the Closing Date, theCompany changed its name from “Monterey Capital Acquisition Corporation” to “ConnectM Technology Solutions,Inc.” Unless the context otherwise requires, the “registrant” and the “Company” refer to MCAC prior to the Closing andto the Combined Company and its subsidiaries following the Closing and “ConnectM” refers to ConnectMTechnology Solutions, Inc., and its subsidiaries prior to the Closing and the business of the Combined Company andits subsidiaries following the Closing. Unless otherwise defined herein, capitalized terms used in this Current Reporton Form 8-K have the same meaning as set forth in the definitive proxy statement (the “Proxy Statement”) filed withthe Securities and Exchange Commission (the “SEC”) on June 17, 2024 by MCAC. The Company’s common stock, par value $0.0001 per share (the “Common Stock”), is now listed on The NasdaqStock Market LLC (“NASDAQ”) under the symbol “CNTM”. The Company intends to list the warrants to purchaseshares of Common Stock with an exercise price of $11.50 per share (the “Public Warrants”) on the OTC Market.The unaudited condensed consolidated financial statements included herein reflect the operations of ConnectM forprior periods, as ConnectM is the accounting acquirer and predecessor. Until the Merger, MCAC neither engaged inany operations nor generated any revenue, and based on its business activities, MCAC was a “shell company” asdefined under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). CONNECTM TECHNOLOGY SOLUTIONS, INC. FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2024 TABLE OF CONTENTS PART I. FINANCIAL INFORMATION3Item 1.Unaudited Condensed Consolidated Financial Statements3Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.36Item 3.Quantitative and Qualitative Disclosures