Core Insights - ConnectM Technology Solutions, Inc. has announced that SRISID LLC, an institutional investor, now owns 7,553,664 shares, representing approximately 15.1% of the company's outstanding common stock [1][2] - SRISID LLC is part of a buy-out group that made an offer on March 31, 2025, to acquire all remaining outstanding stock of ConnectM at a cash price of $1.60 per share [2] Company Overview - ConnectM is a technology company focused on the energy economy, providing advanced solutions for energy efficiency and sustainability [3] - The company operates an Energy Intelligence Network platform aimed at optimizing energy efficiency and enhancing operational performance for service providers and manufacturers [3] - ConnectM leverages technology, data, artificial intelligence, and behavioral economics to reduce energy costs and carbon emissions globally [3]
SRISID LLC Increases Position to 7.55M Shares of ConnectM, Representing 15.1% of the Company's Outstanding Common Stock