ConnectM to go public via a SPAC merger with Monterey Capital Acquisition in a $145m deal.

ConnectM, a vertically integrated clean energy technology and solutions provider, agreed to go public via a SPAC merger with Monterey Capital Acquisition in a $145m deal. "We are thrilled to partner with MCAC as our missions are directly aligned and the partnership is complementary. We believe we have chosen the ideal partner as we embark on our journey towards becoming a public company, which we expect will provide us with capital to fuel expansion and growth plans. While 2022 alone has proven to be a record year for our company and we have experienced great successes to-date, we believe this is only the beginning and that we have laid the proper foundation to support our expansion and future endeavors as we offer a single connected operations platform through our Aurai and Yantra offerings for all electric assets," Bhaskar Panigrahi, ConnectM Chairman and CEO.