# ConnectM Technology Solutions, Inc. (CNTM) — capital_return/recapitalization [announced]
Source: SEC API (secapi.ai) · situation sit_61e2c2744d208c8b68d6 · retrieved 2026-08-11T16:00:47.078Z

## Overview
ConnectM Technology Solutions, Inc. is a technology company powering the physical layer of the AI economy, operating AI-powered logistics and energy infrastructure platforms including DeliveryCircle, a last-mile delivery and field-services dispatch business.

ConnectM Technology Solutions, Inc. acquired a 60% stake in Blue Ribbon Ice Inc. (BRI), a commercial HVAC and refrigeration services platform, on July 1, 2026. In exchange for 6,000 shares of BRI Common Stock (60% of issued and outstanding shares), ConnectM issued 58,824 shares of its common stock and paid $250,000 in cash to Scott 'Avery' Wilson, BRI's sole shareholder. The transaction includes contingent earn-out payments through 2031 based on BRI's revenue growth and EBITDA, with potential pre-payment amounts ranging from $4.0 million (by December 31, 2026) down to $1.5 million (by December 31, 2030), minus the $250,000 cash consideration and any previously paid earn-outs. Upon a change of control, ConnectM must pay Wilson 70% of net proceeds (capped at the applicable pre-payment amount) minus the cash consideration and prior earn-outs.

## Terms
- Counterparty: Blue Ribbon Ice Inc. and Scott 'Avery' Wilson · Deal value: $250,000 · Consideration: mixed · Stake: 60%

## Key dates
- Announced 2026-07-28

## Timeline
- 2026-07-28 · 8-K (0001104659-26-087256): 8-K - ConnectM Technology Solutions, Inc. — *ConnectM Technology Solutions, Inc. is a technology company powering the physical layer of the AI economy, operating AI-powered logistics and energy infrastructure platforms including DeliveryCircle, a last-mile delivery and field-services dispatch business.* ConnectM Technology Solutions, Inc. acquired a 60% stake in Blue Ribbon Ice Inc. (BRI), a commercial HVAC and refrigeration services platform, on July 1, 2026. In exchange for 6,000 shares of BRI Common Stock (60% of issued and outstanding shares), ConnectM issued 58,824 shares of its common stock and paid $250,000 in cash to Scott 'Avery' Wilson, BRI's sole shareholder. The transaction includes contingent earn-out payments through 2031 based on BRI's revenue growth and EBITDA, with potential pre-payment amounts ranging from $4.0 million (by December 31, 2026) down to $1.5 million (by December 31, 2030), minus the $250,000 cash consideration and any previously paid earn-outs. Upon a change of control, ConnectM must pay Wilson 70% of net proceeds (capped at the applicable pre-payment amount) minus the cash consideration and prior earn-outs.
  https://www.sec.gov/Archives/edgar/data/1895249/0001104659-26-087256.txt

## Citations
- 0001104659-26-087256 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926087256