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ConnectM Technology Solutions (Monterey Capital Acquisition) Priced, Nasdaq: CNTM

Blank check company targeting the clean energy transition space (completed 7/12/2024).

Industry: SPAC

Latest Trade: $0.69 0.00 (0.0%)

First Day Return: -0.4%

Return from IPO: -93.1%

We are a newly organized blank check company formed under the laws of the State of Delaware. We may pursue a business combination opportunity in any business or industry we choose and intend to target businesses with enterprise values of approximately $250 million to $1 billion. We plan to initially target companies in the clean transition economy. Our management team and board of directors are very active in the clean transition ecosystem and connected to well over 300 clean transition companies, a majority of which are in the United States, where “connected” means having direct investment, holding a board seat, or, at a minimum, having vetted a company’s business plan.
IPO Data
IPO Date 05/10/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 8.0
Deal Size ($mm) $80
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
D. Boral Capital
Company Data
Headquarters Monterey, CA, United States
Founded 2021
Employees at IPO 3

ConnectM Technology Solutions (Monterey Capital Acquisition) (CNTM) Performance

Created with Highcharts 10.3.2Chart context menuCNTM vs. IPO Index (IPOUSA)Jul '22Sep '22Nov '22Jan '23Mar '23May '23Jul '23Sep '23Nov '23Jan '24Mar '24May '24Jul '24Sep '24Nov '24Jan '25Mar '25-100%0%+ 100%-200%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexCNTMOur ETF tracks the IPO Index