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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].