ConnectM Successfully Eliminates $7.5 Million in Debt, Reaching Halfway Mark in Debt-To-Equity Conversion
ConnectM Technology Solutions, Inc. (CNTM)
NASDAQ:AMEX Investor Relations:
mineralstechnologiesinc.gcs-web.com/corporate-profile
Company Research
Source: GlobeNewswire
~ Conversion Reduces Annual Interest Expense by $1.8 Million Transferring to Free Cash Flow of Equal Value ~ MARLBOROUGH, Mass., Sept. 17, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, today announced the Company has completed more than half of its initial tranche of a debt-to-equity swap by converting $7.5 million of the Company’s outstanding debt to common equity at $2.00 per share. This action begins a series of balance sheet deleveragings as ConnectM seeks to maximize value for shareholders. Today’s transaction executes on the previously announced approval from the Company’s Board of Directors to convert up to $15 million of the Company’s outstanding debt to common equity at $2.00 per share. About ConnectM Technology Solutions, Inc. ConnectM is at the forefront of advancing the electrification economy, integrating electrified energy assets with its AI
Show less
Read more
Impact Snapshot
Event Time:
CNTM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CNTM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CNTM alerts
High impacting ConnectM Technology Solutions, Inc. news events
Weekly update
A roundup of the hottest topics
CNTM
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
- 11/21/24 - Form 8-K/A
- 11/19/24 - Form DEFA14A
- 11/19/24 - Form 8-K
- CNTM's page on the SEC website