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 Requests Nasdaq Hearing for Continued Listing