ConnectM Prepares to Deleverage Balance Sheet with Board’s Approval of Debt-to-Equity Conversion
ConnectM Technology Solutions, Inc. (CNTM)
NASDAQ:AMEX Investor Relations:
mineralstechnologiesinc.gcs-web.com/corporate-profile
Company Research
Source: GlobeNewswire
Opens Trading Window for Management MARLBOROUGH, Mass., Aug. 28, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced that the Company’s Board of Directors has approved a debt equity swap to deleverage the balance sheet, converting up to $15 million of the Company’s outstanding debt to common equity at $2.00 per share. In addition to the Board’s approval of the debt-to-equity conversion, the Board approved a trading policy for the Company’s officers and directors, opening a window for share purchases by management, beginning today, August 28, 2024. About ConnectM Technology Solutions, Inc. ConnectM is at the forefront of advancing the electrification economy, integrating electrified energy assets with its AI-driven technology solutions platform. Serving residential and light commercial buildings, as well as all-electric original equipment manufacturer
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News
- ConnectM Releases Preliminary Third Quarter 2024 Results & Details Significant Operational Progress [Yahoo! Finance]Yahoo! Finance
- ConnectM Releases Preliminary Third Quarter 2024 Results & Details Significant Operational ProgressGlobeNewswire
- ConnectM to Participate in the 13th Annual Roth Technology ConferenceGlobeNewswire
- ConnectM Launches Intelligent AI-Driven Heat Pump Following AHRI Cold Climate CertificationGlobeNewswire
- ConnectM Publishes Impact Scorecard for the Three Months Ended September 30, 2024Accesswire
CNTM
Sec Filings
- 11/19/24 - Form DEFA14A
- 11/19/24 - Form 8-K
- 11/15/24 - Form NT
- CNTM's page on the SEC website