Group 1 - ConnectM Technology Solutions, Inc. is a high-growth technology company focused on the energy economy, providing an advanced Energy Intelligence Network platform to optimize energy efficiency and support sustainable innovation [3][2] - The Buy-Out Group, which includes SriSid LLC, Arumilli LLC, and Win-Light Global Co. Ltd., has increased its holdings in ConnectM to approximately 16.1 million shares, representing about 31.4% of the company's outstanding shares as of April 28, 2025 [2][5] - The Buy-Out Group submitted a non-binding proposal to acquire all remaining outstanding shares of ConnectM at a cash price of $1.60 per share [1][2] Group 2 - SriSid LLC owns approximately 7,553,664 shares (14.8% of outstanding shares), Arumilli LLC owns approximately 5,069,384 shares (9.9% of outstanding shares), and Win-Light Global Co. Ltd. owns approximately 3,475,016 shares (6.8% of outstanding shares) [5][2] - The ConnectM Board of Directors is currently reviewing the Buy-Out Group's proposal, with no assurance that a definitive offer will be made or accepted [2]
ConnectM Provides Update on $1.60 per Share Buy-Out Offer