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Monterey Capital Acquisition Corp (MCAC) to Combine with ConnectM in $145M Deal

Monterey Capital Acquisition Corp (MCAC) to Combine with ConnectM in $145M Deal

Monterey Capital Acquisition Corporation (NASDAQ:MCAC) has entered into a definitive agreement to combine with ConnectM at a pre-money equity value of $145 million. Boston-based ConnectM provides IoT devices that optimize energy usage and provider clients data analytics for further improvements. The combined company is expected to trade on the Nasdaq under the symbol “CNTM” once
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