SRISID LLC Increases Position to 7.55M Shares of ConnectM, Representing 15.1% of the Company's Outstanding Common Stock

Rhea-AI Summary

ConnectM Technology Solutions (Nasdaq: CNTM) announced that institutional investor SRISID has increased its ownership position to 7,553,664 shares, representing approximately 15.1% of ConnectM's outstanding common stock, as disclosed in a new Schedule 13G filing with the SEC.

SRISID is part of a Buy-Out Group that previously made an offer on March 31, 2025, to acquire all remaining ConnectM shares at $1.60 per share in cash. The Schedule 13G filing indicates this is a significant passive investment by the institutional investor.

Positive

• Significant institutional investment increase to 15.1% ownership indicates strong investor confidence
• Active buyout offer at $1.60 per share provides clear exit opportunity for shareholders

Negative

• Buyout offer at $1.60 per share might undervalue the company's long-term potential

MARLBOROUGH, Mass., April 22, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today announced that SRISID LLC, an institutional investor, has filed an additional Schedule 13G with the Securities and Exchange Commission, disclosing ownership of 7,553,664 shares, or approximately 15.1% of ConnectM's outstanding common stock.

A Schedule 13G filing indicates a significant passive investment by institutional or qualified investors. SRISID LLC is a member of the investor group that initiated a buy-out offer on March 31, 2025 (the "Buy-Out Group") to acquire all remaining outstanding stock of ConnectM at a cash price of $1.60 per share.

About ConnectM Technology Solutions, Inc.

ConnectM is a constellation of companies powering next generation equipment, mobility and distributed energy—thus enabling a faster, smarter transition to a modern energy economy. The Company delivers an advanced, proprietary Energy Intelligence Network platform designed to empower residential and commercial service providers and original equipment manufacturers, to optimize energy efficiency, enhance operational performance, and support sustainable innovation. 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 significance of SRISID 's increased stake in ConnectM (CNTM) to 15.1%?

SRISID 's increased stake to 15.1% (7.55M shares) represents a significant passive investment in ConnectM, particularly notable as they are part of a group that offered to buy remaining shares at $1.60 each.

What is the current buyout offer price for ConnectM (CNTM) stock?

The Buy-Out Group, which includes SRISID , has offered to acquire all remaining ConnectM shares at $1.60 per share in cash.

When did SRISID make the buyout offer for ConnectM (CNTM)?

The Buy-Out Group, including SRISID , initiated their buyout offer on March 31, 2025.

What does the Schedule 13G filing for ConnectM (CNTM) indicate?

The Schedule 13G filing indicates a significant passive investment by SRISID as a qualified institutional investor, now holding 15.1% of ConnectM's common stock.