3.5% Stake Acquired by Another Institutional Investor in ConnectM, Increasing Total Institutional Ownership to 49.9%
ConnectM Technology Solutions (Nasdaq: CNTM) announced that Subrahmanyam Kota IRRV Trust has acquired a 3.5% stake in the company, representing 1,023,038 shares of outstanding common stock. The institutional investor filed a Schedule 13G with the SEC, indicating a significant passive investment in the high-growth technology company.
This investment has increased ConnectM's total institutional ownership to 49.9% of outstanding shares, demonstrating institutional confidence in the company's strategic direction and future prospects in the energy economy sector.
ConnectM Technology Solutions (Nasdaq: CNTM) ha annunciato che Subrahmanyam Kota IRRV Trust ha acquisito una partecipazione del 3,5% nella società, corrispondente a 1.023.038 azioni ordinarie in circolazione. L'investitore istituzionale ha presentato un Schedule 13G alla SEC, indicando un investimento passivo significativo nella società tecnologica ad alta crescita.
Questo investimento ha aumentato la proprietà totale istituzionale di ConnectM al 49,9% delle azioni in circolazione, dimostrando la fiducia degli istituzionali nella direzione strategica dell'azienda e nelle prospettive future nel settore dell'economia energetica.
ConnectM Technology Solutions (Nasdaq: CNTM) anunció que Subrahmanyam Kota IRRV Trust ha adquirido una participación del 3,5% en la compañía, lo que representa 1.023.038 acciones ordinarias en circulación. El inversor institucional presentó un Schedule 13G ante la SEC, indicando una inversión pasiva significativa en la empresa tecnológica de alto crecimiento.
Esta inversión ha aumentado la propiedad institucional total de ConnectM al 49,9% de las acciones en circulación, demostrando la confianza institucional en la dirección estratégica de la empresa y en sus perspectivas futuras en el sector de la economía energética.
ConnectM Technology Solutions (Nasdaq: CNTM)는 Subrahmanyam Kota IRRV Trust가 회사의 3.5% 지분을 인수했다고 발표했습니다. 이는 1,023,038주에 해당하는 보통주입니다. 이 기관 투자자는 SEC에 Schedule 13G를 제출하여 고성장 기술 회사에 대한 중요한 수동 투자를 나타냈습니다.
이 투자로 인해 ConnectM의 총 기관 소유 비율이 49.9%에 도달했으며, 이는 회사의 전략적 방향과 에너지 경제 분야의 미래 전망에 대한 기관의 신뢰를 보여줍니다.
ConnectM Technology Solutions (Nasdaq: CNTM) a annoncé que Subrahmanyam Kota IRRV Trust a acquis une participation de 3,5% dans la société, représentant 1.023.038 actions ordinaires en circulation. L'investisseur institutionnel a déposé un Schedule 13G auprès de la SEC, indiquant un investissement passif significatif dans cette entreprise technologique à forte croissance.
Cette investissement a porté la propriété institutionnelle totale de ConnectM à 49,9% des actions en circulation, démontrant la confiance des institutions dans la direction stratégique de l'entreprise et ses perspectives futures dans le secteur de l'économie énergétique.
ConnectM Technology Solutions (Nasdaq: CNTM) gab bekannt, dass Subrahmanyam Kota IRRV Trust einen 3,5% Anteil an dem Unternehmen erworben hat, was 1.023.038 ausstehenden Stammaktien entspricht. Der institutionelle Investor reichte ein Schedule 13G bei der SEC ein, was auf eine signifikante passive Investition in das wachstumsstarke Technologieunternehmen hinweist.
Diese Investition hat den institutionellen Besitz von ConnectM auf 49,9% der ausstehenden Aktien erhöht und zeigt das institutionelle Vertrauen in die strategische Ausrichtung des Unternehmens und die zukünftigen Perspektiven im Energiesektor.
- Increased institutional ownership to 49.9%, showing strong institutional confidence
- New 3.5% stake acquisition by institutional investor validates company's prospects
- None.
A Schedule 13G filing indicates a significant passive investment by institutional or qualified investors. Subrahmanyam Kota IRRV Trust's investment represents a meaningful ownership stake in ConnectM, reflecting confidence in the Company's strategic direction and future prospects. With Subrahmanyam Kota IRRV Trust'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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