ConnectM Technology Solutions Inc. Issues $455,150 in Convertible Notes

Reuters
Feb 04
ConnectM Technology Solutions Inc. Issues $455,150 in Convertible Notes

ConnectM Technology Solutions Inc. has announced a new debt offering through the issuance of senior convertible promissory notes. On January 7, 2026, the company entered into a Securities Purchase Agreement with GS Capital Partners, LLC, under which it agreed to sell up to $1,250,000 in convertible notes. As part of this agreement, ConnectM issued an initial senior convertible note to GS Capital in the principal amount of $228,000, which includes an original issue discount of $20,000. The note carries a one-time interest charge of 14% and matures on January 7, 2027. Additionally, ConnectM issued a separate convertible note to Labrys Fund in the principal amount of $227,150, which includes an original issue discount of $20,650 and an interest charge of 10%. The Labrys note matures 12 months from issuance.

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