Monterey Capital Acquisition Corporation
Status: Deal Closed
U=S+W+R
W=S@11.5
R=S/10
| IPO Proceeds, $M | $92.00M |
|---|---|
| IPO Date | May 11, 2022 |
| CEO | Bala Padmakumar |
| Left Lead | EF Hutton |
| IPO Cash in Trust | 101.0% |
| SPAC Tenor | 12 + 3 + 3 + 6 + 6 |
| IPO Sector |
Energy
Clean transition (excluding China, Hong Kong and Macau) |
| IPO Geography | Global |
| Target Company | ConnectM |
| Deal Announced | Jan 3, 2023 |
| Deal Size, $M | TBD |
| Deal Sector | Energy |
| Deal Geography | Global |
| SEC Filings | www.sec.gov |
| Approval Vote | Jul 10, 2024 |
| Amendment Vote | May 7, 2024 |
| Closing Date | Jul 12, 2024 |
Formerly MCAC
CNTM
CNTMW
| Price | $0.90 |
|---|---|
| Last closing price | $0.92 |
| H/L, today | $0.90 / $1.00 |
| Volume, today | 32,778 |
| Volume, 3-month avg. | N/A |
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Sign in for more on Monterey Capital Acquisition Corporation:
- Structure and cap table
- 6 directors & officers
- 31 filings and events
- 4 underwriters
- 1 deal advisors
- 2 legal advisors
Structure
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Team
| Name | Age | Title |
|---|---|---|
| Bala Padmakumar | 61 | CEO and Chairman |
| Vivek Soni | 63 | Executive Vice President and Director |
| Daniel Davis | 56 | CFO |
| Leela Gray | 55 | Director |
| Kathy Cuocolo | 70 | Director |
| Stephen Markscheid | 68 | Director |
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Advisors
Underwriters
| EF Hutton | BR | 495,000 | units |
| US Tiger Securities | 3,000,000 | ||
| Tiger Brokers | 4,500,000 | ||
| Joseph Gunnar | 5,000 | ||
| 8,000,000 | units | ||
| Up-Front UW fee | 2.00 | % | |
| Deferred UW fee |
4.00 | % |
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Deal
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