ConnectM Retains ThinkEquity as Financial Advisor to Support Evaluation of $46.5M Stockholder Buy-Out Offer
Rhea-AI Summary
ConnectM Technology Solutions (Nasdaq: CNTM) has appointed ThinkEquity as its non-exclusive financial advisor to evaluate a $46.5 million buy-out offer and provide strategic guidance. The appointment comes following a non-binding offer from the company's three largest institutional stockholders - SriSid , Arumilli , and Win-Light Global Co.
The buy-out proposal, announced on April 3, 2025, offers to acquire all outstanding shares at $1.60 per share, with the intention of taking ConnectM private. ThinkEquity, a boutique investment bank, will assist ConnectM and its Board in assessing the offer and exploring potential strategic alternatives to ensure the best interests of all stockholders.
Positive
- Professional financial advisor (ThinkEquity) appointed to evaluate strategic alternatives
- Clear buyout offer price of $1.60 per share provides certainty for shareholders
- Premium buyout offer values company at $46.5 million
Negative
- Potential delisting from public markets if buyout succeeds
- Non-binding nature of the buyout offer creates uncertainty
News Market Reaction 1 Alert
On the day this news was published, CNTM gained 7.15%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ThinkEquity will provide general capital markets advice, support strategic planning, and assist ConnectM and/or a special committee of its Board of Directors in evaluating the recently disclosed non-binding buy-out offer (the "Buy-Out Offer") received from the Company's three largest and longstanding institutional stockholders—SriSid LLC, Arumilli LLC, and Win-Light Global Co. Ltd.
As announced on April 3, 2025, the Buy-Out Offer contemplates the acquisition of all outstanding shares of ConnectM at a cash price of
The Board and management team remain committed to a thorough and objective evaluation of the Buy-Out Offer and any strategic alternatives that may better serve the interests of all stockholders.
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.
FAQ
What is the per-share price offered in the CNTM buyout proposal?
Who are the institutional investors making the buyout offer for CNTM?
What is the total value of the ConnectM (CNTM) buyout offer announced in April 2025?
What role will ThinkEquity play in CNTM's buyout evaluation process?
