MARLBOROUGH, Mass., May 13, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (OTC: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today issued the following letter to shareholders:Dear ConnectM Stockholders,I want to thank you for your continued support and engagement as we navigate a pivotal chapter in our company's evolution.While we are disappointed by Nasdaq's sudden decision to suspend our trading, our vision, trajectory, and com ...

Core Viewpoint - ConnectM Technology Solutions, Inc. is focused on regaining compliance and plans to re-list on Nasdaq, emphasizing that its fundamentals and growth prospects remain strong despite recent challenges [1][2]. Company Operations - The company has several appealing options for capital raising, both organic and inorganic, which management will evaluate in the best interest of stockholders [2]. - ConnectM has down-listed to the OTC Pink Open Market to provide immediate liquidity to stockholders, with trading available through major brokerage accounts [3]. Financial Reporting - The company is prioritizing the filing of its Annual Report on Form 10-K for the year ended December 31, 2024, followed by the Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 [4]. - The complexity of financial reports has increased significantly, with the team spending 10 times more hours compiling them since 2023, leading to delays [4]. Compliance and Uplisting Plans - Management is evaluating options to uplist from OTC Pink to a higher OTC exchange tier, which requires current reporting status and enhances credibility and investor confidence [5]. - In conjunction with the capital raise process, the company is considering an IPO or uplisting back to Nasdaq or NYSE as soon as possible [6]. Company Vision - ConnectM aims to power the next generation of electrified equipment and mobility, facilitating a transition to a modern energy economy while leveraging technology and data to lower energy costs and reduce carbon emissions globally [7][8].

MARLBOROUGH, Mass., May 8, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (OTC: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today issued the following letter to shareholders:Dear ConnectM Community, As you may have noticed, Nasdaq suspended trading of our stock this morning. With the guidance of the nation's top Nasdaq Advisory consultant, we had a meeting with the Hearings Panel two weeks ago to discuss our plan to regain compli ...

Buy-Out Group now owns approximately 16.1 million shares of ConnectM common stock, representing approximately 31.4% of the Company's outstanding shares MARLBOROUGH, Mass., April 29, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today announced an update regarding the ownership positions of the investor group (the "Buy-Out Group") that submitted a non-binding proposal on March ...

MARLBOROUGH, Mass., April 22, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today announced that SRISID LLC, an institutional investor, has filed an additional Schedule 13G with the Securities and Exchange Commission, disclosing ownership of 7,553,664 shares, or approximately 15.1% of ConnectM's outstanding common stock.A Schedule 13G filing indicates a significant passive inv ...

MARLBOROUGH, Mass., April 17, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today announced that the Company has retired an additional $9 million of debt since March 31, 2025. Since going public on July 15, 2024, ConnectM has eliminated $40 million in liabilities, bringing total outstanding debt to less than $8.0 million. Outlook The Company expects to be in a positive stockho ...

The Board and management team remain committed to a thorough and objective evaluation of the Buy-Out Offer and any strategic alternatives that may better serve the interests of all stockholders. MARLBOROUGH, Mass., April 9, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today announced the appointment of ThinkEquity, a boutique investment bank specializing in capital markets an ...

MARLBOROUGH, Mass., April 4, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today announced that Subrahmanyam Kota IRRV Trust, an institutional investor, has filed a Schedule 13G with the Securities and Exchange Commission (SEC), disclosing ownership of 1,023,038 shares, or approximately 3.5% of ConnectM's outstanding common stock. A Schedule 13G filing indicates a significant ...

MARLBOROUGH, Mass., April 3, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, yesterday announced that it has received a non-binding proposal offering $1.60 per share in cash from its three largest institutional investors—SriSid LLC, Arumilli LLC, and Win-Light Global Co. Ltd.—to acquire all remaining outstanding shares of the Company and transition ConnectM into a privately held ...

MARLBOROUGH, Mass., April 2, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today announced that it has received a non-binding proposal offering $1.60 per share in cash from its three largest institutional investors—SriSid LLC, Arumilli LLC, and Win-Light Global Co. Ltd.—to acquire all remaining outstanding shares of the Company and transition ConnectM into a privately held ent ...