ConnectM Regains Compliance with Nasdaq Listing Requirement
ConnectM Technology Solutions (NASDAQ: CNTM) has successfully regained compliance with Nasdaq's listing requirements regarding the minimum market value of publicly held shares (MVPHS). The company, which was notified of non-compliance on December 13, 2024, has now met the requirement of maintaining an MVPHS of at least $5 million over 30 consecutive business days. Nasdaq confirmed that from April 22 to May 6, 2025, ConnectM's MVPHS remained above the required threshold, resolving the listing compliance issue.
ConnectM Technology Solutions (NASDAQ: CNTM) ha riconquistato con successo la conformità ai requisiti di quotazione di Nasdaq riguardanti il valore minimo di mercato delle azioni pubblicamente detenute (MVPHS). L'azienda, che era stata notificata della non conformità il 13 dicembre 2024, ha ora soddisfatto il requisito di mantenere un MVPHS di almeno 5 milioni di dollari per 30 giorni lavorativi consecutivi. Nasdaq ha confermato che dal 22 aprile al 6 maggio 2025, l'MVPHS di ConnectM è rimasto al di sopra della soglia richiesta, risolvendo così la questione della conformità alla quotazione.
ConnectM Technology Solutions (NASDAQ: CNTM) ha recuperado con éxito el cumplimiento de los requisitos de cotización de Nasdaq respecto al valor mínimo de mercado de las acciones en circulación (MVPHS). La compañía, que fue notificada de incumplimiento el 13 de diciembre de 2024, ha cumplido con el requisito de mantener un MVPHS de al menos 5 millones de dólares durante 30 días hábiles consecutivos. Nasdaq confirmó que del 22 de abril al 6 de mayo de 2025, el MVPHS de ConnectM se mantuvo por encima del umbral requerido, resolviendo así el problema de cumplimiento de la cotización.
ConnectM Technology Solutions (NASDAQ: CNTM)은(는) 공개 주식의 최소 시장 가치(MVPHS)에 관한 나스닥 상장 요건을 성공적으로 회복했습니다. 2024년 12월 13일 비준수 통지를 받은 이 회사는 30영업일 연속으로 최소 500만 달러 이상의 MVPHS를 유지해야 하는 요건을 충족했습니다. 나스닥은 2025년 4월 22일부터 5월 6일까지 ConnectM의 MVPHS가 요구 기준을 상회했음을 확인하여 상장 준수 문제를 해결했습니다.
ConnectM Technology Solutions (NASDAQ : CNTM) a réussi à se conformer à nouveau aux exigences de cotation du Nasdaq concernant la valeur minimale de marché des actions en circulation (MVPHS). La société, qui avait été informée d’un non-respect le 13 décembre 2024, a désormais satisfait à l’exigence de maintenir un MVPHS d’au moins 5 millions de dollars pendant 30 jours ouvrables consécutifs. Nasdaq a confirmé que, du 22 avril au 6 mai 2025, le MVPHS de ConnectM est resté au-dessus du seuil requis, résolvant ainsi le problème de conformité à la cotation.
ConnectM Technology Solutions (NASDAQ: CNTM) hat erfolgreich die Einhaltung der Nasdaq-Listenanforderungen bezüglich des Mindestmarktwerts der öffentlich gehaltenen Aktien (MVPHS) wiedererlangt. Das Unternehmen, das am 13. Dezember 2024 über die Nichteinhaltung informiert wurde, hat nun die Anforderung erfüllt, einen MVPHS von mindestens 5 Millionen US-Dollar über 30 aufeinanderfolgende Handelstage aufrechtzuerhalten. Nasdaq bestätigte, dass der MVPHS von ConnectM vom 22. April bis 6. Mai 2025 über dem erforderlichen Schwellenwert lag, womit das Compliance-Problem bezüglich der Listung gelöst wurde.
- Regained Nasdaq listing compliance, eliminating delisting risk
- Demonstrated market value recovery with MVPHS exceeding $5 million for required period
- Previous non-compliance with Nasdaq listing requirements indicates past market value concerns
On December 13, 2024, the Company was notified by Nasdaq staff (the "Staff") that it was not in compliance with the MVPHS requirement, which mandates a minimum MVPHS of
About ConnectM Technology Solutions, Inc.
ConnectM is a constellation of companies powering the next generation of electrified equipment, mobility, and distributed energy—thus enabling a faster, smarter transition to a modern energy economy. The Company provides residential and light commercial service providers and original equipment manufacturers with a proprietary Energy Intelligence Network platform to accelerate the transition to all-electric heating, cooling, and transportation. Leveraging technology, data, artificial intelligence, and behavioral economics, ConnectM aims to lower energy costs and reduce carbon emissions globally.
For more information, please visit: https://www.connectm.com/
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," "project" or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the "Cautionary Note Regarding Forward-Looking Statements" section of the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 18, 2024. Such filing identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ConnectM is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact:
Investor Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com
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SOURCE ConnectM Technology Solutions, Inc.
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