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ConnectM Requests Nasdaq Hearing for Continued Listing
Prnewswire· 2025-03-17 20:01
Core Viewpoint - ConnectM Technology Solutions, Inc. is seeking to regain compliance with Nasdaq Listing Rule 5450(b)(2)(A) after being notified of non-compliance and potential delisting due to a market value of listed securities below $50 million [1][2]. Group 1: Compliance and Listing Status - The company was given a 180-day period until March 3, 2025, to regain compliance with the Nasdaq listing rule [2]. - Following the missed deadline, Nasdaq notified the company of its non-compliance and the impending delisting of its securities [2]. - A timely hearing request by the company has resulted in an automatic stay of the suspension, allowing continued trading of its common stock until a final decision is made by the Nasdaq Hearings Panel [3]. Group 2: Company Overview - ConnectM is positioned in the electrification economy, focusing on the development of electrified equipment, mobility, and distributed energy solutions [4]. - The company offers a proprietary Energy Intelligence Network platform aimed at facilitating the transition to all-electric heating, cooling, and transportation for residential and light commercial service providers [4]. - By leveraging technology, data, artificial intelligence, and behavioral economics, ConnectM aims to reduce energy costs and carbon emissions globally [4].
ConnectM to Present at the 37th Annual ROTH Conference
Prnewswire· 2025-03-17 12:00
Core Viewpoint - ConnectM Technology Solutions, Inc. is actively engaging with investors at the 37th Annual ROTH Conference, highlighting its growth strategy and recent institutional investment as indicators of confidence in its future potential [1][3]. Company Overview - ConnectM is positioned at the forefront of the electrification economy, focusing on the development of electrified equipment, mobility, and distributed energy solutions [4]. - The company offers a proprietary Energy Intelligence Network platform aimed at facilitating the transition to all-electric heating, cooling, and transportation, thereby reducing energy costs and carbon emissions globally [4]. Recent Developments - An institutional investor recently filed a 13G indicating ownership of 6.9% of ConnectM's outstanding shares, reflecting strong confidence in the company's growth strategy [3]. - ConnectM is experiencing robust momentum across its business segments, including electric vehicle (EV) solutions and building electrification, while also expanding its international presence [3]. Conference Participation - ConnectM management will conduct one-on-one investor meetings during the ROTH Conference and will be available for additional meetings in the Los Angeles area until March 19 [2]. - The ROTH Conference features approximately 450 companies across various growth sectors, providing a platform for ConnectM to showcase its initiatives and engage with potential investors [3].
ConnectM Announces Institutional Investor Filing of Schedule 13G, Representing 6.9% of Outstanding Shares
Prnewswire· 2025-03-14 17:00
Core Insights - ConnectM Technology Solutions, Inc. has reported that Win-Light Global Co. Ltd. has acquired approximately 1,995,126 shares, representing about 6.9% of ConnectM's outstanding common stock, indicating a significant passive investment by an institutional investor [1][2]. Company Overview - ConnectM is a technology company focused on the electrification economy, providing a proprietary Energy Intelligence Network platform aimed at accelerating the transition to all-electric heating, cooling, and transportation [3]. - The company targets residential and light commercial service providers and original equipment manufacturers, leveraging technology, data, artificial intelligence, and behavioral economics to lower energy costs and reduce carbon emissions globally [3].
ConnectM Announces $10 Million Share Repurchase Program
Prnewswire· 2025-03-13 13:00
Core Viewpoint - ConnectM Technology Solutions, Inc. has announced a share repurchase program of up to $10 million or 10 million shares, reflecting the company's confidence in its financial strength and long-term growth strategy [1][3]. Company Overview - ConnectM is a high-growth technology company focused on the electrification economy, providing solutions for residential and light commercial service providers and original equipment manufacturers [4]. - The company aims to facilitate a transition to a modern energy economy by leveraging technology, data, artificial intelligence, and behavioral economics to lower energy costs and reduce carbon emissions globally [4]. Share Repurchase Program Details - The share repurchase program allows ConnectM to buy back shares on the open market or through privately negotiated transactions, with the total amount based on various strategic considerations [3]. - The program is authorized for 18 months but can be suspended or discontinued at any time, and it does not obligate the company to acquire any specific amount of common stock [3]. Current Share Information - As of February 28, 2025, ConnectM had approximately 34.1 million shares of common stock outstanding [2].
ConnectM Technology Solutions, Inc. Announces Nasdaq Delisting Notification
Prnewswire· 2025-03-12 22:00
Core Viewpoint - ConnectM Technology Solutions, Inc. has received a delisting notice from Nasdaq due to non-compliance with the market value requirement for continued listing [1][3]. Group 1: Delisting Notice - On September 4, 2024, ConnectM was notified by Nasdaq that it failed to meet the $50,000,000 market value of listed securities requirement [2]. - The company was given a 180-day period to regain compliance, which ended on March 3, 2025 [2]. - On March 7, 2025, Nasdaq confirmed that ConnectM had not regained compliance, leading to the decision for delisting [3]. Group 2: Appeal Process - ConnectM intends to appeal the delisting decision before the Nasdaq Hearings Panel, which will temporarily stay the suspension of its securities [4]. Group 3: Company Overview - ConnectM is focused on the electrification economy, providing technology solutions for energy efficiency and carbon emission reduction [5]. - The company offers a proprietary Energy Intelligence Network platform aimed at facilitating the transition to all-electric systems in residential and light commercial sectors [5].
ConnectM Announces Continued Strong Growth and Expanding Market Share
Prnewswire· 2025-03-06 13:00
Core Insights - ConnectM Technology Solutions, Inc. is experiencing strong momentum in its EV Solutions business, projecting a connected EV order volume of 50,000 vehicles for 2025, with over 5,500 orders secured in the first two months of 2025 [1][4] - The company has added four new OEM customers since Q4 2024, enhancing its market position in the EV Solutions sector [2] - ConnectM anticipates adding at least six additional OEM customers in 2025, continuing its triple-digit year-over-year growth in the Transportation and Logistics segment [3] Company Overview - ConnectM focuses on advancing the electrification economy by integrating electrified energy assets with AI-powered technology solutions, targeting residential and light commercial buildings as well as all-electric OEMs [5] - The company aims to make electrification user-friendly, affordable, precise, and socially impactful through its proprietary Energy Intelligence Network platform [5] - As a vertically integrated company, ConnectM empowers customers to reduce reliance on fossil fuels, lower energy costs, and minimize carbon footprints [5]
ConnectM to Expand its Building Electrification Segment Internationally to Capitalize on Surging Global Demand
Prnewswire· 2025-03-04 21:15
Core Viewpoint - ConnectM Technology Solutions, Inc. is strategically expanding its Building Electrification segment into Europe, the Middle East, and Asia to meet the rising global demand for sustainable energy solutions [1][2]. Market Opportunity - The company identifies significant market opportunities due to rising traditional energy costs in Europe and labor shortages in the service provider sector, which allows for the deployment of AI-powered, tech-enabled solutions [2]. - Governments in the Middle East and Asia are investing in electrification solutions to combat air pollution and reduce fossil fuel reliance, creating a high-demand environment for ConnectM's offerings [3]. Strategic Growth - The expansion into international markets is viewed as a transformational growth opportunity, with expectations that international operations will play a pivotal role in long-term value creation [4]. - ConnectM anticipates generating multiple revenue streams from its international Building Electrification initiatives by early 2026 [4]. Company Overview - ConnectM focuses on advancing the electrification economy by integrating electrified energy assets with AI-powered technology solutions, targeting residential and light commercial buildings [5]. - The company aims to make electrification user-friendly, affordable, precise, and socially impactful through its proprietary Energy Intelligence Network platform [5].
Join ConnectM's Exclusive Live Investor Webinar and Q&A Session on March 4
Prnewswire· 2025-02-28 13:00
Core Insights - ConnectM Technology Solutions, Inc. is focused on the electrification economy and will host a webinar on March 4, 2025, to discuss its strategic position and growth opportunities [1][2] - The company operates within a $2 trillion electrification economy and utilizes an AI-driven energy intelligence platform to promote a net-zero carbon future [2] - ConnectM has over 120,000 connected energy assets and has achieved 20 consecutive quarters of revenue growth, indicating strong market demand and operational efficiency [2] Company Overview - ConnectM specializes in building electrification, distributed energy, and last-mile transportation, providing scalable and high-margin solutions [2][5] - The company's vertically integrated model combines technology, service networks, and strategic partnerships to enhance efficiency, affordability, and sustainability [5] - ConnectM's strategic acquisitions and proprietary technology are designed to support sustained revenue growth and long-term shareholder value in the clean energy sector [2][5] Webinar Details - The upcoming webinar will feature a presentation by ConnectM's President, Nayeem Hussain, followed by a live Q&A session [2][3] - Investors can register for the free webinar and submit questions in advance [4]
ConnectM Eliminates an Additional $1.9 Million of Debt
Prnewswire· 2025-02-27 21:01
Core Insights - ConnectM Technology Solutions, Inc. has announced the retirement of an additional $1.9 million of debt, indicating a focus on improving its financial health [1] Company Overview - ConnectM is a technology company dedicated to advancing the electrification economy by integrating electrified energy assets with an AI-powered technology solutions platform [2] - The company provides a proprietary Energy Intelligence Network platform aimed at facilitating the transition to all-electric heating, cooling, and transportation for residential and light commercial buildings, as well as all-electric original equipment manufacturers [2] - ConnectM leverages technology, data, artificial intelligence, contemporary design, and behavioral economics to make electrification more user-friendly, affordable, precise, and socially impactful [2] - As a vertically integrated company, ConnectM has wholly owned service networks and a comprehensive technology stack, empowering customers to reduce reliance on fossil fuels, lower energy costs, and minimize carbon footprints [2]
ConnectM Technology Solutions, Inc.(CNTM) - 2024 Q4 - Annual Results
2025-03-31 13:06
Financial Results - ConnectM Technology Solutions, Inc. announced selected financial results for its EV Solutions and OEM Business segments for the fiscal year ended December 31, 2024[6]. - The press releases related to financial results and revenue guidance are included as exhibits 99.1 and 99.2, respectively[10]. Revenue Guidance - The company issued preliminary revenue guidance for the first quarter ending March 31, 2025, on February 20, 2025[8].