ConnectM Issues $1.39 Million Secured Convertible Note to Ascent Partners Fund

Bitget2026/10/19 20:54

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ConnectM Technology Solutions closed its final financing tranche with Ascent Partners Fund on October 13, 2026, raising $1.25 million.
The Senior Secured Convertible Promissory Note (Two-B) has $1.39 million in principal, reflecting an original issue discount of $138,888.89.
The note bears 10% annual interest, with one year guaranteed, maturing October 13, 2027, subject to automatic acceleration.
Total original principal issued under the completed securities purchase agreement reached approximately $5 million.
Monthly principal amortization begins upon the earlier of the Listing Event or unrestricted trading of Blue Cloud Shares, no later than February 28, 2027.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-116927), on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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ConnectM Issues $1.39 Million Secured Convertible Note to Ascent Partners Fund

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