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ConnectM Reduces Over $8.35 Million of Convertible Debt, Adds New Capital Partners and Highlights Strategic Acquisitions of Amperics and Geo Impex
Globenewswire· 2025-12-17 19:05
Core Viewpoint - ConnectM Technology Solutions, Inc. has made significant strides in reducing its convertible debt, expanding its capital provider network, and enhancing its technology and infrastructure through strategic acquisitions [1][4][6]. Capital Structure and Debt Reduction - The company has retired approximately $8.4 million of convertible note principal through the issuance of about 39.5 million shares of common stock, simplifying its capital structure and aligning former noteholders with stockholders [2][4]. - As of December 15, 2025, ConnectM had 151,812,318 shares of common stock issued and outstanding [2]. New Funding Arrangements - ConnectM has established new funding arrangements with multiple lenders, including Labrys Fund II, LP and Vanquish Funding Group Inc., to enhance liquidity for working capital and growth initiatives [3][5]. Strategic Acquisitions - The company completed two strategic acquisitions in Q4 2025: Amperics, which specializes in hybrid energy storage systems, and Geo Impex, a developer of sustainable logistics infrastructure [6][8]. - The acquisition of Amperics involves the Hi-C™ hybrid energy storage technology, designed for high-power applications, while Geo Impex provides a site for an AI-driven data center and logistics park in India [8]. Future Growth and Integration - Management believes that the combination of a cleaner balance sheet, diversified capital access, and strategic technology assets positions ConnectM for disciplined growth across electrification, logistics, distributed energy, and AI infrastructure [8].