ConnectM Stockholder Update - Path Forward & Strategic Milestones
ConnectM Technology Solutions (OTC: CNTM) issued a stockholder update following its recent delisting from Nasdaq and transition to the OTC Pink Market. The company's CEO, Bhaskar Panigrahi, outlined their path forward, including plans to file their Form 10-K and Q1 2025 financials within a week. Despite trading disruptions, the stock maintained strong liquidity with over 10 million shares traded in three days.
The company aims to cut stockholder deficit from -$20M to less than -$10M through debt-to-equity conversions and plans to achieve $2.5M in stockholder equity through a potential $15M+ asset acquisition. ConnectM's roadmap includes uplisting to OTCQB, refiling their resale S-1, and eventually relisting on Nasdaq or NYSE. The company continues to report growth across its energy technology solutions in HVAC, distributed energy, and digital operations segments.
ConnectM Technology Solutions (OTC: CNTM) ha pubblicato un aggiornamento per gli azionisti dopo la recente rimozione dalla quotazione Nasdaq e la transizione al mercato OTC Pink. Il CEO dell'azienda, Bhaskar Panigrahi, ha illustrato il percorso futuro, inclusi i piani per presentare il Modulo 10-K e i dati finanziari del primo trimestre 2025 entro una settimana. Nonostante le interruzioni nelle negoziazioni, il titolo ha mantenuto una forte liquidità con oltre 10 milioni di azioni scambiate in tre giorni.
L'azienda punta a ridurre il deficit per gli azionisti da -20 milioni di dollari a meno di -10 milioni tramite conversioni da debito a capitale e intende raggiungere 2,5 milioni di dollari di patrimonio netto attraverso una possibile acquisizione di asset superiore a 15 milioni di dollari. Il piano di ConnectM prevede la quotazione sull'OTCQB, la rifilatura del modulo S-1 per la rivendita e infine il ritorno alla quotazione su Nasdaq o NYSE. L'azienda continua a registrare crescita nei suoi settori di tecnologia energetica per HVAC, energia distribuita e operazioni digitali.
ConnectM Technology Solutions (OTC: CNTM) emitió una actualización para los accionistas tras su reciente exclusión de Nasdaq y la transición al mercado OTC Pink. El CEO de la compañía, Bhaskar Panigrahi, detalló el camino a seguir, incluyendo planes para presentar su Formulario 10-K y estados financieros del primer trimestre de 2025 en el plazo de una semana. A pesar de las interrupciones en la negociación, las acciones mantuvieron una alta liquidez con más de 10 millones de acciones negociadas en tres días.
La compañía busca reducir el déficit para los accionistas de -20 millones a menos de -10 millones mediante conversiones de deuda a capital y planea alcanzar 2,5 millones de dólares en patrimonio neto a través de una posible adquisición de activos por más de 15 millones de dólares. La hoja de ruta de ConnectM incluye subir al OTCQB, volver a presentar su S-1 para reventa y eventualmente volver a cotizar en Nasdaq o NYSE. La empresa continúa reportando crecimiento en sus soluciones tecnológicas energéticas para HVAC, energía distribuida y operaciones digitales.
ConnectM Technology Solutions(OTC: CNTM)는 최근 나스닥 상장 폐지 및 OTC 핑크 마켓으로의 전환에 따른 주주 업데이트를 발표했습니다. 회사의 CEO인 Bhaskar Panigrahi는 향후 계획을 설명하며 1주일 내에 Form 10-K 및 2025년 1분기 재무제표를 제출할 예정이라고 밝혔습니다. 거래 중단에도 불구하고 주식은 3일 동안 1,000만 주 이상 거래되며 강한 유동성을 유지했습니다.
회사는 부채를 자본으로 전환하는 방식을 통해 주주 적자를 -2,000만 달러에서 -1,000만 달러 미만으로 줄이고, 잠재적인 1,500만 달러 이상의 자산 인수를 통해 250만 달러의 주주 자본을 달성할 계획입니다. ConnectM의 로드맵에는 OTCQB 상장, 재판매용 S-1 재신고, 그리고 궁극적으로 나스닥 또는 NYSE 재상장이 포함되어 있습니다. 회사는 HVAC, 분산 에너지 및 디지털 운영 부문에서 에너지 기술 솔루션의 성장을 지속적으로 보고하고 있습니다.
ConnectM Technology Solutions (OTC : CNTM) a publié une mise à jour à l'intention des actionnaires suite à sa récente radiation du Nasdaq et sa transition vers le marché OTC Pink. Le PDG de la société, Bhaskar Panigrahi, a présenté leur plan d'action, incluant l'intention de déposer leur Formulaire 10-K et les résultats financiers du premier trimestre 2025 dans un délai d'une semaine. Malgré des interruptions dans les échanges, l'action a conservé une forte liquidité avec plus de 10 millions d'actions échangées en trois jours.
L'entreprise vise à réduire le déficit des actionnaires de -20 millions de dollars à moins de -10 millions grâce à des conversions de dette en actions, et prévoit d'atteindre 2,5 millions de dollars de capitaux propres via une acquisition potentielle d'actifs de plus de 15 millions de dollars. La feuille de route de ConnectM inclut une montée au OTCQB, le dépôt à nouveau de leur formulaire S-1 de revente, et enfin une nouvelle cotation au Nasdaq ou au NYSE. La société continue de constater une croissance dans ses solutions technologiques énergétiques pour les secteurs HVAC, énergie distribuée et opérations numériques.
ConnectM Technology Solutions (OTC: CNTM) veröffentlichte ein Aktionärs-Update nach der kürzlichen Delistung von der Nasdaq und dem Wechsel zum OTC Pink Market. Der CEO des Unternehmens, Bhaskar Panigrahi, stellte den weiteren Weg vor, einschließlich der Pläne, den Formular 10-K und die Finanzzahlen für Q1 2025 innerhalb einer Woche einzureichen. Trotz Handelsunterbrechungen behielt die Aktie eine hohe Liquidität mit über 10 Millionen gehandelten Aktien in drei Tagen.
Das Unternehmen plant, das Aktionärsdefizit von -20 Mio. USD auf weniger als -10 Mio. USD durch Schulden-zu-Eigenkapital-Umwandlungen zu reduzieren und strebt 2,5 Mio. USD Eigenkapital durch eine mögliche Vermögensakquisition von über 15 Mio. USD an. Der Fahrplan von ConnectM umfasst die Notierung am OTCQB, die erneute Einreichung ihres Wiederverkaufs-S-1 und schließlich die Wiedernotierung an Nasdaq oder NYSE. Das Unternehmen verzeichnet weiterhin Wachstum in seinen Energietechnologielösungen in den Bereichen HVAC, verteilte Energie und digitale Betriebssegmente.
- Strong trading liquidity maintained with over 10M shares traded in three days post-OTC transition
- Sequential and year-over-year revenue growth reported
- Improved profitability across operations
- Strategic plan to reduce stockholder deficit from -$20M to -$10M
- Potential $15M+ asset acquisition in process to achieve $2.5M stockholder equity
- Sudden suspension of trading and delisting from Nasdaq
- Delayed filing of Form 10-K and Q1 2025 financials
- Significant stockholder deficit of -$20M
- Dependency on debt-to-equity conversions for improving financial position
Dear ConnectM Stockholders,
I want to thank you for your continued support and engagement as we navigate a pivotal chapter in our company's evolution.
While we are disappointed by Nasdaq's sudden decision to suspend our trading, our vision, trajectory, and company fundamentals remain strong and we are undeterred by this setback.
I know you all are eagerly awaiting the release of our Form 10-K. We intend to release draft FY2024 financial as well as draft Q1 2025 financials within a week while our auditors complete their audit and review procedures.
Below is an update on our current status, recent developments, and the concrete steps we are taking to enhance value for all stakeholders.
1. Business Overview – Continuing to Build on Momentum
ConnectM remains a high-growth technology company at the forefront of the modern energy economy. Through our Energy Intelligence Network and our constellation of companies across HVAC, distributed energy, and digital operations, we continue to integrate cutting-edge software and data-driven insights to optimize energy usage across residential and commercial markets.
2. Trading Status – Now on OTC Pink Market
As of this week, ConnectM shares are trading on the OTC Pink Market. While the transition was sudden, trading stabilized over the past three trading days with over 10 million shares in combined volume—demonstrating strong liquidity and engagement from our shareholder base. Our stock remains tradable via brokers such as Fidelity, Charles Schwab, E*TRADE, TD Ameritrade, Merrill Edge, Ally Invest, and Interactive Brokers
3. Reaffirming Our Plan – As Outlined on May 9, 2025
As shared in our May 9th press release, our plan remains intact:
- File our 10-K and 10-Q to regain current reporting status
- Uplist to OTCQB to demonstrate transparency and accountability, thereby increasing liquidity for our common shares
- Refile our resale S-1Continue to add assets and reduce liabilities to position the company for a potential re-listing to Nasdaq or NYSE
- Continue working with ThinkEquity to align on capital market strategy and raise growth capital
- Apply to relist on a major exchange
4. Sustained Growth – Q4 2024 & Q1 2025 Highlights
Despite capital market disruptions, our operational momentum has not slowed. We continue to deliver:
- Sequential and year-over-year revenue growth
- Improved profitability
- Expanded customer deployments
- Strong performance across our Home and Building Electrification, Transportation, and Logistics segments
5. Our Milestone Calendar – Tracking to Re-Listing
We are holding ourselves accountable by sharing our key monthly objectives through August 2025:
May
- Cut stockholder deficit in half (from -
$20M - ) through 3(a)(9), 3(a)(10) and other debt to equity conversions (already completed)$10M - File Form 10-K
- Complete integrations of Cambridge Energy Resources and Air Temp
- Implement SOPs to ensure timely Q2 Form 10-Q filing
June
- File Q1 '25 Form 10-Q
- File resale S-1
- Reach
$2.5M $15M + asset) - Apply for uplisting to OTCQB
July
- Achieve resale S-1 effectiveness
- Draw on equity line of credit for growth initiatives as needed
- Begin relisting preparation
August
- File Q2 Form 10-Q on time
- Submit formal relisting application to Nasdaq or NYSE
I intend to provide weekly updates on the above progress. My management team and I are committed to transparency and accountability to right the ConnectM ship.
We remain confident that the work we are doing now will not only restore compliance and visibility but will also build a stronger, more resilient ConnectM for years to come. We appreciate your continued support and invite your questions or comments anytime at:
📧 CNTM@redchip.com
📞 1-407-644-4256
Sincerely,
Bhaskar Panigrahi
Chairman & CEO, ConnectM Technology Solutions, Inc.
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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