13.4% Stake Acquired by Another Institutional Investor in ConnectM, Bringing Total Institutional Ownership to 46.4%
ConnectM Technology Solutions (Nasdaq: CNTM) announced that SRISID has acquired a 13.4% stake in the company, representing 3,893,680 shares of outstanding common stock. The investment was disclosed through a Schedule 13G filing with the SEC, indicating a significant passive investment by the institutional investor.
This strategic investment demonstrates institutional confidence in ConnectM's direction and future prospects. With SRISID 's investment, the total institutional ownership in ConnectM has reached 46.4% of the company's outstanding shares.
ConnectM Technology Solutions (Nasdaq: CNTM) ha annunciato che SRISID ha acquisito una partecipazione del 13,4% nella società, corrispondente a 3.893.680 azioni ordinarie in circolazione. L'investimento è stato comunicato tramite un deposito Schedule 13G presso la SEC, indicando un investimento passivo significativo da parte dell'investitore istituzionale.
Questo investimento strategico dimostra la fiducia istituzionale nella direzione e nelle prospettive future di ConnectM. Con l'investimento di SRISID, la proprietà totale istituzionale in ConnectM ha raggiunto il 46,4% delle azioni in circolazione della società.
ConnectM Technology Solutions (Nasdaq: CNTM) anunció que SRISID ha adquirido una participación del 13,4% en la compañía, lo que representa 3.893.680 acciones ordinarias en circulación. La inversión fue divulgada a través de un archivo Schedule 13G ante la SEC, indicando una inversión pasiva significativa por parte del inversionista institucional.
Esta inversión estratégica demuestra la confianza institucional en la dirección y las perspectivas futuras de ConnectM. Con la inversión de SRISID, la propiedad total institucional en ConnectM ha alcanzado el 46,4% de las acciones en circulación de la compañía.
ConnectM Technology Solutions (Nasdaq: CNTM)는 SRISID가 회사의 13.4% 지분을 인수했으며, 이는 3,893,680주의 발행된 보통주를 나타낸다고 발표했습니다. 이 투자는 SEC에 Schedule 13G 서류를 통해 공개되었으며, 기관 투자자의 상당한 수동적 투자를 나타냅니다.
이 전략적 투자는 ConnectM의 방향성과 미래 전망에 대한 기관의 신뢰를 보여줍니다. SRISID의 투자로 ConnectM의 총 기관 소유권은 회사의 발행 주식의 46.4%에 도달했습니다.
ConnectM Technology Solutions (Nasdaq: CNTM) a annoncé que SRISID a acquis une participation de 13,4% dans l'entreprise, représentant 3.893.680 actions ordinaires en circulation. L'investissement a été divulgué par le biais d'un dépôt Schedule 13G auprès de la SEC, indiquant un investissement passif significatif de la part de l'investisseur institutionnel.
Cette investissement stratégique démontre la confiance des institutions dans la direction et les perspectives futures de ConnectM. Avec l'investissement de SRISID, la propriété institutionnelle totale de ConnectM a atteint 46,4% des actions en circulation de l'entreprise.
ConnectM Technology Solutions (Nasdaq: CNTM) gab bekannt, dass SRISID eine 13,4% Beteiligung an dem Unternehmen erworben hat, was 3.893.680 ausgegebenen Stammaktien entspricht. Die Investition wurde durch eine Schedule 13G-Einreichung bei der SEC offengelegt, was auf eine bedeutende passive Investition des institutionellen Investors hinweist.
Diese strategische Investition zeigt das institutionelle Vertrauen in die Richtung und die zukünftigen Perspektiven von ConnectM. Mit der Investition von SRISID hat der gesamtinstitutionelle Besitz an ConnectM 46,4% der ausgegebenen Aktien des Unternehmens erreicht.
- Significant 13.4% stake acquisition by institutional investor shows market confidence
- High institutional ownership of 46.4% indicates strong institutional interest
- Passive investment nature suggests long-term commitment to company growth
- Large institutional ownership may reduce stock's public float and trading liquidity
A Schedule 13G filing indicates a significant passive investment by institutional or qualified investors. SRISID LLC's investment represents a meaningful ownership stake in ConnectM, reflecting confidence in the Company's strategic direction and future prospects. With SRISID LLC's investment, total institutional ownership in ConnectM now stands at
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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