Brief: ConnectM To Go Public Through Merger With Monterey Capital Acquisition

ConnectM Technology Solutions

03/01/2023 13:57

Jan 3 (Reuters) - Monterey Capital Acquisition Corp
 MCAC.O :
    * CONNECTM TO GO PUBLIC VIA BUSINESS COMBINATION WITH
MONTEREY
CAPITAL ACQUISITION CORPORATION
    * MONTEREY CAPITAL ACQUISITION CORP -  TRANSACTION VALUES
CONNECTM
AT AN IMPLIED PRE-MONEY EQUITY VALUATION OF $145 MILLION
    * MONTEREY CAPITAL ACQUISITION CORP -  IN CONNECTION WITH
THE
CONSUMMATION OF THE MERGER, MCAC WILL BE RENAMED CONNECTM
TECHNOLOGY SOLUTIONS, INC
    * MONTEREY CAPITAL ACQUISITION CORP - CLOSING OF THE
TRANSACTION
DOES NOT HAVE A MINIMUM CASH CONDITION
    * MONTEREY CAPITAL ACQUISITION CORP -  COMBINED CO PLANS TO
LIST
ON NASDAQ UNDER THE SYMBOL CNTM

Further company coverage:  MCAC.O 
 ((Reuters.Briefs@thomsonreuters.com;))