ConnectM Technology Solutions Inc. announced the completion of a private placement in connection with its acquisition of a 40% membership interest in Sun Solar LLC. As part of the transaction, ConnectM issued 15,000,000 shares of its common stock to Caleb Arthur, the sole owner of Sun Solar, or his assignees. The shares were issued in an unregistered sale, exempt from registration under the Securities Act of 1933, relying on Section 4(a)(2) and Regulation D, as Mr. Arthur is an accredited investor acquiring the securities for investment purposes. Following this transaction, ConnectM reported 168,255,345 shares of common stock issued and outstanding as of January 5, 2026.

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