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Connectm科技解決方案股票公司
2 Mount Royal Avenue, Suite 550
馬薩諸塞州美國郵政編碼01752

特別股東大會通知
將於2024年11月19日舉行

親愛的股東：

誠摯邀請您參加股東特別大會（"特別會議Connectm科技解決方案公司，一家特拉華州的公司（以下簡稱爲“公司”），將於2024年11月19日上午10:00（東部時間）舉行股東特別大會。特別大會將以純虛擬會議形式舉行，通過實時音頻網絡廣播。您將無法親自參加特別大會。您可以在2024年11月19日上午10:00（東部時間）在線參加和參與特別大會，訪問https://www.cstproxy.com/connectm/2024，您可以現場收聽會議，提出問題並投票。您需要控制號碼，該號碼已包含在您的投票指示表格、代理卡或隨附代理材料的說明中，才能參加虛擬特別大會。與往常一樣，我們鼓勵您在特別大會之前投票您的股份。

您被要求就以下事項進行投票：

To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of up to an aggregate of 10,391,588 shares of common stock upon the conversion of $13,739,484 of the Company’s outstanding debt into shares of common stock, par value $0.0001 per share (the “普通股”) of the Company at a conversion price of $2.00 per share (the “轉換價格”) subject to adjustment (“提案1”或“公司Share Issuance Proposal”).

在特別會議主席根據必要情況將特別會議的休會批准至稍後的日期，以徵詢額外的代理人（i）批准股份發行提議，或（ii）爲公司在與外部法律顧問磋商後誠實確定根據適用法律需要的任何補充或修改披露的歸檔或郵寄提供合理的額外時間，並確保該補充或修改披露在特別會議之前得到公司股東的傳播和審閱；假如特別會議被儘快再次召開。提案2”或“公司休會提案”).

這些議題在附有本通知的代理聲明中有更詳細的描述。

特別會議的股東記錄日期爲2024年10月29日。只有在該日期營業結束時名冊登記的股東才能在特別會議或其任何休會上投票。記錄股東必須在您的投票指示表、代理卡上包括的控制號碼或隨附代理材料的指示上，才能參加特別會議。如果您持有的股份以街道名稱持有，並且您的投票指示表指示您可以通過https://www.cstproxy.com/connectm/2024網站投票這些股份，那麼您可以使用您投票指示表上、代理卡上或隨附代理材料的控制號碼訪問、參加並投票特別會議。否則，以街道名稱持有其股份的股東應在特別會議前至少五天聯繫他們的銀行、經紀人或其他被提名人，並獲取「合法代理」，以便能夠參加或投票參加特別會議。

關於2024年11月19日上午10:00（美國東部時間）通過在線音頻網絡廣播舉行的特別會議的代理材料的重要通知
https://www.cstproxy.com/connectm/2024.

公司通知和代理材料可在https://www.cstproxy.com/connectm/2024 獲取。

董事會指定 Douglas Love 加利福尼亞州布里斯班 2024年4月25日

/S/ Bhaskar Panigrahi

首席執行官Bhaskar Panigrahi
馬薩諸塞州馬爾博勒，2024年10月30日

Connectm科技解決方案股票公司
2 Mount Royal Avenue, Suite 550
馬薩諸塞州美國郵政編碼01752

代理聲明書
股東特別會議

將於2024年11月19日舉行

Connectm Technology Solutions，Inc.董事會（有時也被稱爲“董事會）正在徵求您的代理，以便在股東特別會議（「董事會」）上投票。特別會議）的Connectm科技解決方案股份有限公司，一家特拉華州的公司（有時被稱爲「科技」我們,” “我們”公司“公司「」或「」ConnectM將於2024年11月19日上午10:00通過實時音頻網絡廣播方式在https://www.cstproxy.com/connectm/2024進行虛擬舉行，並可進行一次或多次休會或延期。參加虛擬會議的股東將享有與他們在現場會議上一樣的權利和參與機會。

本代理聲明（包括股東特別會議通知）將於2024年11月1日前後開始以郵寄形式發送給股東。

在2024年10月29日營業結束時（「記錄日」），持股人將有權在特別會議上投票。記錄日當日，普通股面值爲0.0001美元的股份有21164057股（“股權登記日”）普通股”）傑出。股東名單將在特別會議前十天提供給有權進行投票的股東查看，以便進行與特別會議相關的任何目的，在上述地址的常規工作時間內。

會議議程

提案	頁面	董事會推薦
提案1：爲了遵守納斯達克上市規則5635(d)，批准發行多達10,391,588股普通股，金額爲 Company的未償債務 $13,739,484，按照每股2.00美元的價格轉換爲公司的普通股（“轉換價格轉換協議”),公司與公司的某些票據持有人和債務持有人（“提案1”或“公司Share Issuance Proposal”).	7	贊成
議案2：在某些情況下，經特別會議主席批准將特別會議的休會延期至以後日期，必要時，以徵求額外的委託代理（i）批准股份發行提案，或（ii）爲公司在與外部法律顧問磋商後誠信確定根據適用法律所要求的任何補充或修訂披露的申報或寄出享有合理的額外時間，並使公司的股東在特別會議之前閱讀和審議此類補充或修訂披露；前提是特別會議隨後儘快重新召開（“提案2”或“公司休會提案”).	10	贊成

關於這些代理材料和投票的問題和答案

特別會議在哪裡和何時舉行？

特別會議將於2024年11月19日上午10:00（美國東部時間）舉行。特別會議僅以虛擬會議形式進行，通過互聯網上的現場音頻網絡廣播，沒有實際的親自會議。以下提供了您參加線上特別會議所需信息摘要：

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任何股東均可通過https://www.cstproxy.com/connectm/2024的音頻網絡網絡廣播收聽特別會議。網絡廣播將於美國東部時間上午10:00開始。

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截至記錄日期的股東可在特別會議期間通過現場音頻網絡網絡廣播進行投票。

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請輸入您的控制編號以進入會議。

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如果您沒有控制編號，您只能聆聽會議，無法在會議期間投票或提交問題。

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有關如何通過互聯網參與特別會議的指示已張貼在https://www.cstproxy.com/connectm/2024。

我們建議您在東部時間上午10:00前約500分鐘登錄，以確保在特別會議開始時已登錄。

如果您計劃在特別會議期間投票，即使您已經返回了代理，您仍然可以這樣做。

為了能夠在線參加特別會議，您需要什麼？

為了能夠在特別會議期間投票或提交問題，您需要在您的投票指示表、代理卡或隨附代理材料的指示上包含的控制編號。如果您找不到您的控制編號，您只能聆聽會議，而無法在會議期間投票或提交問題。有關如何連接和參加互聯網特別會議的指示已張貼在 https://www.cstproxy.com/connectm/2024。

如果在特別會議期間遇到技術困難或無法訪問特別會議的現場音頻網絡轉播，該怎麼辦？

在特別會議當天，如果您遇到任何問題，無法訪問現場音頻網絡轉播或在特別會議期間遇到問題，請致電將在虛擬特別會議的登錄頁面上張貼的技術支持號碼尋求幫助。

誰可以在特別會議上投票？

在記錄日期，共有21,164,057股普通股股票已發行並有權投票。只有在記錄日期為股東才有權在特別會議上進行投票。

股權載冊人：記錄在您名下的股份

如果您在股東記錄日期時將股份直接註冊在我們的過戶代理Continental Stock Transfer & Trust Company名下，則您是記錄持股人。作為記錄持股人，您可以在特別股東大會上投票或通過代理投票。無論您是否計劃虛擬出席特別股東大會，我們都建議您填寫並退回代理卡，或按照以下指示通過電話或網路進行代理投票，以確保您的選票被計算。

受益人：股份登記在券商或銀行名下

如果在記錄日期時，您的股份不是以您的名義持有，而是在券商、銀行、經紀商或其他類似機構的賬戶中，那麼您是作為“街市”持有的股份的受益人。

這些代理資料應由該組織轉交給您。持有您賬戶的組織被視為股東紀錄，以便在特別大會上進行投票。作為有益所有人，您有權指示您的券商、銀行、經紀人或其他代理人如何投票您賬戶中的股份。您必須遵循券商公司、銀行或其他類似組織為其銀行、券商或其他股東紀錄提供的指示，以按照您的指示投票您的股份。另外，許多券商和銀行提供方式，通過電話和互聯網授權代理人或以其他方式指示他們投票您的股份，包括通過電子郵件或投票指示表向您提供16位數控制號碼。如果您的股份存放在提供此服務的券商、銀行或其他股東紀錄的賬戶中，您可以按照您的券商、銀行或其他股東紀錄的指示通過電話（撥打代理資料中提供的電話號碼）或通過互聯網指示他們投票您的股份。如果您未收到16位數控制號碼，無論是通過電子郵件還是在投票指示表上，並希望在虛擬特別大會之前或當場投票，您必須遵循您的券商、銀行或其他股東記錄的指示，包括獲取有效的法定代理權的任何要求。許多券商、銀行和其他股東記錄允許有益所有人通過網絡或郵寄獲得有效的法定代理權，我們建議您聯繫您的券商、銀行或其他股東記錄以進行操作。

我有多少票？

就即將投票的問題而言，截至記錄日期，您擁有每股普通股一票。

我在投票什麼？

有兩個事項安排進行投票：

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提議1: 批准為了遵守納斯達克上市規則5635(d)，將公司未償還債務的13,739,484美元轉換為面值$0.0001每股的普通股，最多發行10,391,588股。普通股公司每股轉換價為$2.00 (「換股價格」，根據此處所述的調整，根據2024年9月和2024年10月簽訂的某些票據轉換協議和債務轉換協議（統稱為「轉換協議」，公司與公司的某些債權人之間的協議（「提案1” 或“公司”發行股票提議”).

提案2在某些情況下，通過特別會議主席將特別會議的休會批准到以後的日期，以便在需要時，徵集額外的代理( i )以批准股份發行提案，或( ii )為公司確認在經過與外部法律顧問協商後誠實認為依適用法律所需的任何補充或修正披露的提交或郵寄提供合理的額外時間，並使這些補充或修正披露在特別會議前被公司股東傳播並審查；前提是特別會議隨後儘快重新召開（“提案2” 或“公司”延期議案”).

如果其他事項被適當地提出在特別會議之前，會怎麼辦？

董事會不知道有任何其他事項將提呈特別會議。如果任何其他事項被正當地提呈特別會議，則附帶代理人許可書中提名的人士打算根據其最好的判斷對這些事項進行投票。當您簽署代理形式時，將授予這種自由裁量權。

我該如何投票？

投票程序如下：

持股人記錄：以您的名義註冊的股份

如果您是記錄日的持股人，您可以在特別會議上投票，通過電話代理投票，通過互聯網代理投票，或使用代理卡進行代理投票

可能會要求或我們可能選擇稍後交付。無論您是否計劃出席特別會議，我們建議您通過代理投票以確保您的投票被計算。即使您已通過代理投票，您仍可以出席特別會議並在會議期間在線投票。

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透過互聯網投票：要透過互聯網投票，請訪問 https://www.cstproxy.com/connectm/2024 完成電子代理卡。您將被要求提供您投票指示表上的控制號碼，或在您的代理卡上，或附帶您的代理材料的說明中找到的控制號碼。您的互聯網投票必須在2024年11月18日晚上11:59（美東時間）之前收到才會計算。

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透過電話投票：要通過電話投票，請使用觸摸式電話免費撥打號碼並按照錄音指示操作。您將被要求提供來自投票指示表或代理卡的公司號碼和控制號碼。您的電話投票必須在2024年11月18日晚上11:59（美東時間）之前收到才會計算。電話指示如下：

電話接入（僅限收聽）：
美國和加拿大境內：1-800-450-7155（免費通話）
美國境外與加拿大境外：+1-857-999-9155（標準費率適用）

會議ID：
5783274#

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代理人投票卡：使用代理投票卡投票，只需填寫、簽名和日期代理投票卡，然後及時將其寄回提供的信封。如果您在特別會議前將已簽署的代理投票卡寄給我們，我們將按您的指示投票您的股份。

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會議中進行投票若要在特别会议期间在线投票，请按照提供的指示加入特别会议，链接为https://www.cstproxy.com/connectm/2024，時間為2024年11月19日上午10:00 美东时间。

受益人：股份登記在券商或銀行名下

如果您是券商、銀行、經紀人或其他代理人名下註冊股份的受益人，您應收到來自該組織而非我们的委任代表授權材料或投票指示表，只需按照指示表上的投票指示進行即可確保您的投票被計入。或者，您可以按照券商或銀行指示透過電話或網路投票。要在特别会议期间进行在线投票，您需要投票指示表、代理卡或隨授權材料附帶的指示上所包含的控制號碼。

網路委任代表投票可能提供以便讓您在線投票股份，其程序旨在確保您的委任代表投票指示的真實性和正確性。但請注意，您必須承擔與您的網路訪問相關的任何成本，如來自網路服務提供商和電話公司的使用費。

如果我是紀錄股東，沒有投票，或者提交了代理卡或以其他方式投票但沒有給出具體的選票指示，會發生什麼情況？

如果您是股東記錄人，且未通過填寫您的授權卡、電話、網路或在特别会议期间在线投票來投票，您的股份將不会被計入。

如果您返回簽署日期的授權卡或以其他方式投票而未標記投票選項，您的股份將被投票贊成提案1和提案2。如果特别会议上提出任何其他事項，您的委任代表（代理卡上列名的一個人）將根據其最佳判斷投票。

如果我是以「街名」持有的股份的受益人，並且我未向我的經紀人或銀行提供投票指示，會發生什麼情況？

如果您是以「街名」持有的股份的受益人，並且您未向您的經紀人提供如何投票您的股份的指示，您的經紀人是否仍然能夠投票您的股份的問題取決於

無論紐約證券交易所（“NYSE”）認為特定的提議屬於“例行”事項與否。雖然我們的股份未在NYSE上市，但NYSE監管券商和他們在股東提議上投票的自由裁量權。根據適用於受NYSE規則約束的券商和其他類似組織的NYSE規則，這些組織可以自行決定就根據NYSE規則被視為“例行”的事項投票您的“未指示股份”，但對於“非例行”事項則不行。根據這些規則和解讀，非例行事項是可能重大影響股東權利或特權的事項，如合併、股東提議、董事選舉（即使未有爭議）、高管薪酬（包括有關高管薪酬的任何顧問性股東投票以及對高管薪酬股東表決頻率的投票）以及一些公司治理提議，即使得到管理層支持。

提議1（股份發行提議）被視為“非例行”，因此您的券商無法在未獲您指示的情況下為這一提議投票。

什麼是「經紀商無投票權」？

如上所述，當“街名”持股的受益擁有人未向其券商、銀行或其他代理人給出有關被視為“非例行”的事項投票指示時，該券商、銀行或其他證券中介機構不能就該事項為其投票。當至少有一個“例行”事項在會議上審議時，“券商不投票”發生在一個單獨的事項被認為是“非例行”，並且持有受益擁有人股份的券商、銀行或其他證券中介沒有關於正在審議的“非例行”事項的自由投票權，也未收到受益擁有人的指示。這些未投票的“非例行”事項股份被視為券商不投票。

由於紐交所已確定提案1（股份發行提案）被視為「非例行性」，我們預計在特別會議上對提案1不會有任何券商缺席投票。因此，對於股份發行提案，有利益所有者特別重要指示他們的銀行、券商或代理人如何投票。

因此，如果您是以街道名義持有的股份的有利益所有者，為確保您的股份投票方式符合您的意願，您需在您從您的券商或銀行收到的資料中提供投票指示。必須在特定期限內向您的券商或銀行提供投票指示，以確保您的股份按照您的意願投票。

誰支付這次代理人徵求委託？

Connectm將支付所有徵集代理的費用。除了這些代理材料，我們的董事和員工也可能親自、通過電話或其他溝通方式徵集代理。董事和員工不會因徵集代理而另行支付任何額外報酬。我們還可能對券商、銀行、經銷商和其他代理支付轉發代理材料給有利益所有者的成本。此外，我們已聘請Advantage Proxy, Inc.協助徵集代理並提供相關建議和信息支持，以服務費和慣常支出的償銷，預計總額不超過$6,750。如對此代理聲明有任何問題，請致電Advantage Proxy免費電話877-870-8565，收費電話206-870-8565或通過電子郵件聯絡KSmith@advantageproxy.com。

如果我收到多於一份代理投票權，這代表什麼意思？

如果您收到超過一份代理，這表示您持有在多個帳戶註冊的股份。例如，如果您以不同的註冊形式擁有股份，如與您的配偶一起、作為信託的受託人或為未成年人的監護人，您將收到一份以上的代理，並需要簽署和退回分別針對這些股份的代理卡，因為它們以不同形式的記錄所有權持有。因此，為確保所有股份都投票，您需要簽署和退回您收到的每份代理卡，或通過在每份代理卡上使用不同的控制編號進行電話投票或通過互聯網投票。

提交代理后，我可以更改我的投票吗？

股東名冊：持有以您名義登記的股份

可以在特別股東大會最終表決前的任何時間撤回您的代理。如果您是股份的記錄持有人，則可以通過以下任何一種方式撤銷您的代理：

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•

You may submit another properly completed proxy card with a later date.

•

You may grant a subsequent proxy by telephone or through the internet.

•

You may send a timely written notice that you are revoking your proxy to: ConnectM Technology Solutions, Inc., 2 Mount Royal Avenue, Suite 550, Marlborough, Massachusetts 01752, Attention: Secretary.

•

You may vote during the Special Meeting which will be hosted via the internet. Simply attending the Special Meeting online will not, by itself, revoke your proxy. Even if you plan to attend the Special Meeting online, we recommend that you also submit your proxy or voting instructions or vote by telephone or through the internet so that your vote will be counted if you later decide not to attend the Special Meeting online.

Your most current proxy card or telephone or internet proxy is the one that is counted.

Beneficial Owner: Shares Registered in the Name of Broker or Bank

If your shares are held by your broker, bank, or other agent you should follow the instructions provided by your broker, bank, or other agent.

How are votes counted?

Each share of our Common Stock you own entitles you to one vote. The inspector of elections will count votes for the meeting.

With respect to Proposal 1 (the Share Issuance Proposal), the inspector of elections will separately count votes “For” and “Against,” and abstentions.

Abstentions will not be counted towards the vote total and will have no effect on Proposal 1 (the Share Issuance Proposal).

We have been advised by the NYSE that Proposal 1 (the Share Issuance Proposal) is considered “non-routine” under NYSE rules, and accordingly, your broker may not vote your shares on this proposal without instructions from you. Therefore, we do not anticipate any “broker non-votes” with respect to Proposal 1 at the Special Meeting.

With respect to Proposal 2 (the Adjournment Proposal), the inspector of elections will separately count votes “For” and “Against,” and abstentions. We have been advised by the NYSE that Proposal 2 (the Adjournment Proposal) is considered “routine” under NYSE rules, and accordingly, your broker may vote your shares on this proposal without instructions from you. Abstentions with respect to this proposal will have the effect of a vote “AGAINST” such proposal.

What vote is required for adoption or approval of the proposal and how will votes be counted?

The following table summarizes the minimum vote needed to approve the proposal and the effect of abstentions.

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Proposal
Number

Proposal
Description

Vote Required for Approval

Voting Options

Effect of
Abstentions

Effect of
Broker
Non-Votes
(if any)

Board
Recommendation

Share
Issuance
Proposal

“For” votes from the holders of a majority of total votes cast on the matter

FOR,
AGAINST,
or ABSTAIN

No effect

N/A

FOR

Adjournment
Proposal

“For” votes from the holders of a majority of total votes cast on the matter

FOR,
AGAINST,
or ABSTAIN

AGAINST

FOR

What Happens if Proposal 1 is approved at the Special Meeting?

If Proposal 1 is approved at the Special Meeting, the Company will be permitted to convert the principal and accrued interest owed by the Company to certain debt holders in an amount of $13,739,484 into an aggregate amount of up to 10,391,588 shares of Company Common Stock, pursuant to the Conversion Agreements. For additional information, please see “Proposal 1 — Potential Effects of Approval of this Proposal” below.

What Happens if Proposal 1 is not approved at the Special Meeting?

If Proposal 1 is not approved at the Special Meeting, no Issuable Shares (as defined below) will be issued and the Company will remain obligated to make regular payments of interest and principal under the existing promissory notes and debt instruments that are the subject of the Conversion Agreements, which could adversely impact our ability to fund our operations.

What is the quorum requirement?

A quorum of stockholders is necessary to hold the Special Meeting. The presence, by virtual attendance or by proxy, of the holders of one-third in voting power of the shares of Common Stock issued and outstanding on the Record Date and entitled to vote at a meeting of stockholders will constitute a quorum for the transaction of business at the Special Meeting. On the Record Date, there were 21,164,057shares of Common Stock outstanding and entitled to vote. Broker non-votes and abstentions will be counted as present for the purpose of establishing a quorum

Thus, the holders of 7,054,687 shares of Common Stock must be present by virtual attendance or represented by proxy at the Special Meeting to have a quorum.

Your shares will be counted towards the quorum only if you submit a valid proxy (or one is submitted on your behalf by your broker, bank, dealer or other agent) or if you vote online during the Special Meeting. Abstentions will be counted towards the quorum requirement. If there is no quorum, the chair of the Special Meeting or the holders of a majority of shares of our Common Stock present by virtual attendance at the Special Meeting or represented by proxy may adjourn the Special Meeting to another date.

How can I find out the results of the voting at the Special Meeting?

Preliminary voting results will be announced at the Special Meeting. In addition, final voting results will be published in a Current Report on Form 8-K that we expect to file with the SEC within four business days after the Special Meeting. If final voting results are not available to us in time to file a Form 8-K within four business days after the Special Meeting, we intend to file a Form 8-K to publish preliminary results and, within four business days after the final results are known to us, file an additional Form 8-K to publish the final results.

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PROPOSAL 1:
THE SHARE ISSUANCE PROPOSAL

Background

From September 12, 2024 through and including October 21, 2024, ConnectM Technology Solutions, Inc., a Delaware corporation (the “Company”) entered into certain note conversion agreements and debt conversion agreements (collectively, the “Conversion Agreements”), between the Company and certain of the Company’s note holders and debt holders (each, a “Holder”), pursuant to which the Holders have agreed to convert an aggregate amount of $13,739,484 of principal and accrued but unpaid interest on certain debt instruments issued by the Company to such Holders into up to 10,391,588 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a conversion price of $2.00 per share (the “Conversion Price”) subject to adjustment, as set forth below.

Share Adjustment Mechanisms. The number of shares issuable pursuant to the Conversion Agreements are subject to one of two adjustment mechanisms, as follows:

Share Adjustment Mechanism I. With respect to certain of the Conversion Agreements (“Mechanism I Agreements”), a share adjustment operates as follows: on the date that is the earlier of (A) six months from the date of the applicable agreement and (B) the date that a registration statement filed with the Securities and Exchange Commission registering the shares issued pursuant to the agreement, is declared effective (the “Mechanism I Reset Date”), if the Mechanism I Reset Price (as defined below) is less than $2.00 per share, then the Company shall issue to the Holder an additional number of shares of Common Stock equal to the quotient obtained by dividing (i) the product of (A) the Conversion Price less the Mechanism I Reset Price and (B) the number of shares of Common Stock initially issued to such Holder upon conversion (the “Conversion Shares”), by (ii) the Reset Price (such additional shares, the “Mechanism I Reset Shares”).

With respect to Mechanism I Agreements, “Mechanism I Reset Price” means, with respect to one share of Common Stock, the greater of (A) the volume weighted average price of the Common Stock on the principal market for the Common Stock during the period beginning at 9:30:01 a.m., New York time and ending at 4:00:00 p.m. New York time over the five (5) trading days immediately preceding the Mechanism I Reset Date and (B) $1.25 (as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events occurring after the date hereof).

II.

Share Adjustment Mechanism II. With respect to certain other Conversion Agreements (“Adjustment II Agreements”) a share adjustment operates as follows:

(A) On the on the date that is eighteen (18) weeks from the date that a registration statement filed with the Securities and Exchange Commission registering the Conversion Shares for resale, is declared effective (the “Mechanism II First Reset Date”), if the Mechanism II First Reset Price (as defined below) is less than the $2.00 (each, as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events occurring after the date hereof), then the Company shall, at the Holder’s election, either (i) issue to the Holder an additional number of shares of Common Stock equal to the quotient obtained by dividing (A) the product of (1) $2.00 less the Mechanism II First Reset Price and (2) the number of Conversion Shares held by the holder as of the end of business on the Mechanism II First Reset Date by (B) the Mechanism II First Reset Price or (ii) pay to the Holder an amount equal to the product of (A) $2.00 less the Mechanism II First Reset Price and (B) the number of Conversion Shares held by the Holder as of the end of business on the Mechanism II First Reset Date.

(B) On the date that is thirty-six (36) weeks from the date that a registration statement filed with the Securities and Exchange Commission registering the Conversion Shares for resale is declared effective (the “Mechanism II Second Reset Date”) if the Mechanism II Second Reset Price (as defined below) is less than the Mechanism II First Reset Price (each, as adjusted for stock splits, stock dividends, recapitalizations, reorganizations, reclassification, combinations, reverse stock splits or other similar events occurring after the date hereof), then the Company shall, at the Holder’s election, either (i) issue

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to the Holder an additional number of shares of Common Stock equal to the quotient obtained by dividing (A) the product of (1) the Mechanism II First Reset Price less the Mechanism II Second Reset Price and (2) the number of Conversion Shares held by the Holder as of the end of business on the Mechanism II Second Reset Date by (B) the Mechanism II Second Reset Price (such additional shares, the “Mechanism II Second Reset Shares” and together with the Mechanism I Reset Shares, the “Reset Shares”) or (ii) pay to the Holder an amount equal to the product of (A) the Mechanism II First Reset Price less the Mechanism II Second Reset Price and (B) the number of Conversion Shares held by the Holder as of the end of business on the Mechanism II Second Reset Date.

(C) In addition, on the Mechanism II Second Reset Date, if the Mechanism II Second Reset Date Market Price is less than $1.25, then the Company shall pay to the Holder an amount equal to the product of (i) $1.25 less the Mechanism II Second Reset Date Market Price and (ii) the number of Conversion Shares (including without limitation any Mechanism II Second Reset Shares) held by the Holder as of the end of business on the Mechanism II Second Reset Date (the “Make-Whole Payment”), which Make-Whole Payment shall be paid by the Company to the Holder within thirty (30) days of the Mechanism II Second Reset Date.

With respect to Mechanism II Agreements:

“Mechanism II First Reset Price” means, with respect to one share of Common Stock, the greater of (A) the volume weighted average price of the Common Stock on the principal market for the Common Stock during the period beginning at 9:30:01 a.m., New York time and ending at 4:00:00 p.m. New York time over the five (5) trading days immediately preceding the Mechanism II First Reset Date and (B) $1.25.

“Mechanism II Second Reset Price” means, with respect to one share of Common Stock, the greater of (A) the volume weighted average price of the Common Stock on the principal market for the Common Stock during the period beginning at 9:30:01 a.m., New York time and ending at 4:00:00 p.m. New York time over the five (5) trading days immediately preceding the Mechanism II Second Reset Date (the “Mechanism II Second Reset Date Market Price”) and (B) $1.25.

Accordingly, a total of 10,391,588 shares of Common Stock are issuable pursuant to the Conversion Agreements, comprised of 6,719,742 Conversion Shares and up to 3,671,846 Reset Shares (collectively, the “Issuable Shares”).

The Proposal

This is a proposal to approve, for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of up to an aggregate of 10,391,588 shares of Common Stock upon the conversion of $13,739,484 of the Company’s outstanding debt into shares of Common Stock of the Company at a conversion price of $2.00 per share (the “Conversion Price”) subject to adjustment, pursuant to the Conversion Agreements (“Proposal 1” or the “Share Issuance Proposal”).

Why We Need Stockholder Approval

Nasdaq Listing Rule 5635(d) requires stockholder approval in connection with a transaction, other than a public offering, involving the sale or issuance by the issuer of common stock (or securities convertible into or exchangeable for common stock) equal to 20% or more of the common stock or 20% or more of the voting power outstanding before the issuance for a price that is less than the lower of: (i) the closing price of the common stock immediately preceding the signing of the binding agreement for the issuance of such securities; or (ii) the average closing price of the common stock for the five trading days immediately preceding the signing of the binding agreement for the issuance of such securities.

The issuance of the Issuable Shares would not constitute a public offering under the Nasdaq Listing Rules. In addition, immediately prior to the execution of the Conversion Agreements, we had 21,164,057 shares of Common Stock issued and outstanding. Therefore, the issuance of up to 10,391,588 Issuable Shares would constitute greater than 20% of the shares of common stock outstanding immediately prior to the execution of the Conversion Agreements. Moreover, the Conversion Price is a price that is less than the lower of: (i) the closing price of the Common Stock immediately preceding the signing of the Conversion

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Agreements; or (ii) the average closing price of the Common Stock for the five trading days immediately preceding the signing of the Conversion Agreements.

Accordingly, stockholder approval is required as the issuance of the Issuable Shares does not constitute a public offering under the Nasdaq Listing Rules and the previously described pricing conditions were not met.

Dilution and Potential Adverse Impact of Approval of the Share Issuance Proposal

The issuances of the Issuable Securities, will result in an increase in the number of shares of Common Stock outstanding and our stockholders will incur dilution of their percentage ownership as a result. Following such issuances, our current stockholders will own a smaller proportionate interest in the Company and, therefore, have less ability to influence corporate decisions requiring stockholder approval. The issuance of such shares could also have a dilutive effect on our book value per share and on any future earnings per share, and the sale or any resale of such shares could cause prevailing market prices for our Common Stock to decline.

Potential Effects of Non-Approval of this Proposal

The Company is not seeking the approval of stockholders to authorize its entry into the transaction described above, as the Company has already done so and such documents are already binding obligations of the Company. The failure of stockholders to approve this proposal will not negate the existing terms of the transactions or the relevant documents, which will remain binding on the Company.

If the Share Issuance Proposal is not approved at the Special Meeting, no Issuable Shares will be issued and the Company will remain obligated to make regular payments of interest and principal under the existing promissory notes and debt instruments that are the subject of the Conversion Agreements, which could adversely impact our ability to fund our operations.

Vote Required

The approval of this proposal requires “For” votes from the holders of a majority of total votes cast on the proposal in accordance with Nasdaq Listing Rule 5635-3(e). Abstentions will have no effect on the proposal. We have been advised by the NYSE that this Proposal 1 is considered “non-routine” under NYSE rules, and accordingly, your broker may not vote your shares without instructions from you. Therefore, we do not expect “broker non-votes” to exist in connection with this proposal. If a proxy card is signed and returned or otherwise voted without marking voting selections, the persons named in your proxy will vote your shares “For” this proposal.

THE BOARD OF DIRECTORS RECOMMENDS
A VOTE “FOR” FOR THE APPROVAL OF THE SHARE ISSUANCE PROPOSAL.

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PROPOSAL 2
THE ADJOURNMENT PROPOSAL

The Proposal

This is a proposal to approve the adjournment of the Special Meeting by the chair of the Special Meeting to a later date, if necessary, under certain circumstances, to solicit additional proxies (i) to approve the Share Issuance Proposal, or (ii) to allow reasonable additional time for the filing or mailing of any supplemental or amended disclosure that the Company has determined in good faith after consultation with outside legal counsel is required under applicable law and for such supplemental or amended disclosure to be disseminated and reviewed by the Company’s stockholders prior to the Special Meeting; provided that the Special Meeting is reconvened as promptly as practical thereafter (“Proposal 2” or the “Adjournment Proposal”).

Consequences if the Adjournment Proposal is Not Approved

If the Adjournment Proposal is not approved by our stockholders, the chair of the Special Meeting will not adjourn the Special Meeting to a later date.

Required Vote

The Adjournment Proposal will be approved and adopted only if holders of at least a majority of the issued and outstanding shares of Common Stock present in person by virtual attendance or represented by proxy and entitled to vote at the Special Meeting vote “FOR” the Adjournment Proposal. Abstentions with respect to this proposal will have the effect of a vote “AGAINST” such proposal. Broker non-votes with respect to this proposal will have no effect on the vote.

THE BOARD OF DIRECTORS RECOMMENDS
A VOTE “FOR” FOR THE APPROVAL OF THE ADJOURNMENT PROPOSAL.

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SECURITY OWNERSHIP OF
CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth information regarding beneficial ownership of our capital stock as of October 30, 2024 by:

•

each person, or group of affiliated persons, known by us to beneficially own more than 5% of our Common Stock;

•

each of our directors;

•

each of our named executive officers; and

•

all of our current executive officers and directors as a group.

The following table is based upon information supplied by officers, directors and principal stockholders and Schedules 13D and 13G filed with the SEC. Unless otherwise indicated in a footnote to this table and subject to community property laws where applicable, the Company believes that each of the stockholders named in this table has sole voting and investment power with respect to the shares indicated as beneficially owned.

Applicable percentages are based on 21,164,057 shares of our Common Stock outstanding on October 30, 2024, adjusted as required by rules promulgated by the SEC. Unless otherwise indicated, the address for the following stockholders is care of: ConnectM Technology Solutions, Inc., 2 Mount Royal Avenue, Suite 550, Marlborough, Massachusetts 01752.

Name and Address of Beneficial Owner(1)	Number of Shares		% of Class
Directors and Executive Officers of ConnectM
Bala Padmakumar(2)		2,250,000		10.6%
Bhaskar Panigrahi(6)		4,206,043		19.9%
Girish Subramanya		431,775		2.0%
Kevin Stateham(3)		24,967
Mahesh Choudhury(4)		225,936
Gautam Barua		—
Kathy Cuocolo		25,000
Stephen Markscheid		25,000
All directors and executive officers of ConnectM as a group (eight individuals)
Five Percent Holders of ConnectM:
Bala Padmakumar(2)		1,625,000		7.7%
Bhaskar Panigrahi(6)		4,206,043		19.4%

Less than 1%

(1)

Unless otherwise noted, the business address of each of the following individuals is c/o ConnectM Technology Solutions, Inc., 2 Mount Royal Ave., Suite 550, Marlborough, MA 01752.

(2)

Monterrey Acquisition Sponsor, LLC, (“MAS”), is the record holder of the securities reported herein. Bala Padmakumar is the managing member of MAS. Mr. Padmakumar shares voting and dispositive power over the founder shares held by MAS and may be deemed to beneficially own such shares. Bala Padmakumar, Daniel Davis, and Vivek Soni are each members of MAS. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly. The post-business combination shares includes 3,040,000 shares issuable pursuant to warrants that will be exercisable following the business combination.

(3)

Consists of 24,967 shares issuable pursuant to stock options exercisable within 60 days of the date hereof.

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HOUSEHOLDING OF PROXY MATERIALS

The SEC has adopted rules that permit companies and intermediaries (e.g., brokers) to satisfy the delivery requirements for Special Meeting materials with respect to two or more stockholders sharing the same address by delivering a single proxy statement or other Special Meeting materials addressed to those stockholders. This process, which is commonly referred to as “householding,” potentially means extra convenience for stockholders and cost savings for companies.

A number of brokers with account holders who are ConnectM stockholders will be “householding” the Company’s proxy materials. A single proxy statement will be delivered to multiple stockholders sharing an address unless contrary instructions have been received from the affected stockholders.

Once you have received notice from your broker that they will be “householding” communications to your address, “householding” will continue until you are notified otherwise or until you revoke your consent. If, at any time, you no longer wish to participate in “householding” and would prefer to receive separate materials, please notify your broker or ConnectM. Direct your written request to the attention of the Secretary of ConnectM Technology Solutions, Inc., 2 Mount Royal Avenue, Suite 550, Marlborough, Massachusetts 01752. Stockholders who currently receive multiple copies of the proxy materials at their addresses and would like to request “householding” of their communications should contact their brokers.

ADDITIONAL FILINGS

We make available, free of charge on our website, all of our filings that are made electronically with the SEC, including Forms 10-K, 10-Q and 8-K. To access these filings, go to our website https://www.connectm.com and click on “SEC Filings” under the “Investors” heading. Copies of our SEC filings, are also available without charge to stockholders by contacting the Secretary of ConnectM Technology Solutions, Inc., 2 Mount Royal Avenue, Suite 550, Marlborough, Massachusetts 01752.

OTHER MATTERS

The Board knows of no other matters that will be presented for consideration at the Special Meeting. If any other matters are properly brought before the Special Meeting, it is the intention of the persons named in the accompanying proxy to vote on such matters in accordance with their best judgment. This discretionary authority is granted when you sign the form of proxy.

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ANNEX A

PROXY CARD

ConnectM Technology Solutions, Inc.
2 Mount Royal Avenue, Suite 550
Marlborough, Massachusetts 01752

SPECIAL MEETING OF STOCKHOLDERS

November 19, 2024

YOUR VOTE IS IMPORTANT

FOLD AND DETACH HERE

ConnectM Technology Solutions, Inc.

THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS
FOR THE SPECIAL MEETING OF STOCKHOLDERS TO BE HELD ON
November 19, 2024

The undersigned, revoking any previous proxies relating to these shares, hereby acknowledges receipt of the Notice and Proxy Statement, dated October 30, 2024, in connection with the Special Meeting to be held at 10:00 a.m. ET on November 19, 2024 in a virtual meeting format at https://www.cstproxy.com/connectm/2024 and via teleconference using the following dial-in information and via teleconference using the following dial-in information:

Telephone access (listen-only):
Within the U.S. and Canada: 1 800-450-7155 (toll-free)
Outside of the U.S. and Canada: +1 857-999-9155 (standard rates apply)

Conference ID:
5783274#

The undersigned hereby appoints each of Bhaskar Panigrahi and Mahesh Choudhury, either of whom may act, as the attorney and proxy of the undersigned, with power of substitution, to vote all shares of the common stock, par value $0.0001 per share, of ConnectM Technology Solutions, Inc. (the “Company”) registered in the name provided, which the undersigned is entitled to vote at the Special Meeting of Stockholders, and at any adjournments thereof, with all the powers the undersigned would have if personally present. Without limiting the general authorization hereby given, said proxy is instructed to vote or act as follows on the proposal set forth in this Proxy Statement.

THIS PROXY, WHEN EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED “FOR” EACH OF THE PROPOSALS TO BE VOTED ON AT THE SPECIAL METING.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” EACH OF PROPOSALS. This notice of meeting, the accompany proxy statement and proxy card will be available at https://www.cstproxy.com/connectm/2024.

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PROPOSAL 1. The Share Issuance Proposal — To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of up to an aggregate of 10,391,588 shares of Common Stock upon the conversion of $13,739,484 of the Company’s outstanding debt into shares of Common Stock of the Company at a conversion price of $2.00 per share, subject to adjustment.

For ☐

Against ☐

Abstain ☐

PROPOSAL 2. The Adjournment Proposal — to approve the adjournment of the Special Meeting by the chair of the Special Meeting to a later date, if necessary, under certain circumstances, to solicit additional proxies (i) to approve the Share Issuance Proposal, or (ii) to allow reasonable additional time for the filing or mailing of any supplemental or amended disclosure that the Company has determined in good faith after consultation with outside legal counsel is required under applicable law and for such supplemental or amended disclosure to be disseminated and reviewed by the Company’s stockholders prior to the Special Meeting; provided that the Special Meeting is reconvened as promptly as practical thereafter.

For ☐

Against ☐

Abstain ☐

				Dated: , 2024
	Dated: , 2024 Stockholder Signature			Stockholder’s Signature
				Stockholder’s Signature

Signature should agree with name printed hereon. If stock is held in the name of more than one person, EACH joint owner should sign. Executors, administrators, trustees, guardians, and attorneys should indicate the capacity in which they sign. Attorneys should submit powers of attorney.

PLEASE SIGN, DATE AND RETURN THE PROXY IN THE ENVELOPE ENCLOSED TO

CONTINENTAL STOCK TRANSFER & TRUST COMPANY. THIS PROXY WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED STOCKHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED “FOR” PROPOSALS 1 AND 2 AND WILL GRANT DISCRETIONARY AUTHORITY TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING OR ANY ADJOURNMENTS THEREOF. THIS PROXY WILL REVOKE ALL PRIOR PROXIES SIGNED BY YOU.

	我爲什麼會收到有關代理材料在互聯網上的通知？					1
	提案1：批准普通股發行					7
	提案2：休會提案					10
	選民資料的家庭持有一些銀行，經紀人和其他被提名人持有者可能參與「家庭持有」選民申明和年度報告的實踐。這意味着我們的文件，包括這份選民申明，只可能被髮送到您家庭中的多個股東中的一個人。如果您要在以後收到選民申明或股東年報的單獨副本，或者如果您收到多個副本並希望每個家庭只收到一個副本，請聯繫您的銀行，經紀人或其他被提名人持有者，或者您可以通過上述地址和電話號碼與我們聯繫。					13
	SEC允許我們將我們向其提交的信息和報告納入參考，這意味着我們可以通過提供這些文件向您披露重要信息。納入的信息是本選民申明的重要組成部分，稍後我們向SEC提交的信息將自動更新並取代已經納入參考的信息。這些文件被認爲是本選民申明的一部分，自提交這些文件的日期起生效。如果這些文件中的信息存在衝突，則最新提交的文件中的信息應被視爲正確。我們將納入以下文件，這些文件已經向SEC提交，以及我們在證券交易所法規13(a)、13(c)、14或15(d)項下向SEC提交的任何未來提交，包括此選民申明提交日期之後提交的所有提交，但不包括未按要求提交的未來報告或文件的任何部分。					13