ConnectM Technology Solutions Retires Over $8.3 Million in Convertible Debt
ConnectM Technology Solutions Inc. announced that it has retired over $8.3 million of convertible notes through privately negotiated equity conversions, issuing 39,503,096 shares of common stock to existing lenders in exchange for the cancellation of convertible promissory notes and accrued interest. The company also eliminated related derivative liabilities, simplifying its capital structure. In addition, ConnectM has secured new funding arrangements with multiple lenders, including a $275,000 convertible promissory note with Labrys Fund II, LP, to provide additional liquidity for its growth initiatives. Management highlighted that these actions position the company for disciplined growth in electrification, logistics, distributed energy, and AI infrastructure.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ConnectM Technology Solutions Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9603912-en) on December 17, 2025, and is solely responsible for the information contained therein.
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