ConnectM Announces $10 Million Share Repurchase Program
ConnectM Technology Solutions (Nasdaq: CNTM) has announced a significant share repurchase program authorized by its Board of Directors. The program allows for the repurchase of up to $10 million or 10 million shares of common stock, whichever is lower.
The company, which had approximately 34.1 million shares outstanding as of February 28, 2025, will execute the buyback through various means including open market purchases and privately negotiated transactions. The program will run for 18 months but can be suspended or discontinued at any time.
The repurchase initiative reflects ConnectM's confidence in its financial position and long-term growth strategy, while demonstrating its commitment to shareholder value. The implementation will be based on multiple factors including business performance, market conditions, and regulatory requirements.
ConnectM Technology Solutions (Nasdaq: CNTM) ha annunciato un significativo programma di riacquisto di azioni autorizzato dal suo Consiglio di Amministrazione. Il programma consente il riacquisto di un massimo di 10 milioni di dollari o 10 milioni di azioni ordinarie, a seconda di quale sia il valore inferiore.
L'azienda, che aveva circa 34,1 milioni di azioni in circolazione al 28 febbraio 2025, eseguirà il riacquisto attraverso vari mezzi, tra cui acquisti sul mercato aperto e transazioni negoziate privatamente. Il programma avrà una durata di 18 mesi, ma può essere sospeso o interrotto in qualsiasi momento.
Questa iniziativa di riacquisto riflette la fiducia di ConnectM nella propria posizione finanziaria e nella strategia di crescita a lungo termine, dimostrando al contempo il suo impegno per il valore degli azionisti. L'attuazione si baserà su molteplici fattori, tra cui le performance aziendali, le condizioni di mercato e i requisiti normativi.
ConnectM Technology Solutions (Nasdaq: CNTM) ha anunciado un programa significativo de recompra de acciones autorizado por su Junta Directiva. El programa permite la recompra de hasta 10 millones de dólares o 10 millones de acciones ordinarias, lo que sea menor.
La compañía, que tenía aproximadamente 34.1 millones de acciones en circulación al 28 de febrero de 2025, llevará a cabo la recompra a través de diversos medios, incluyendo compras en el mercado abierto y transacciones negociadas de forma privada. El programa tendrá una duración de 18 meses, pero puede ser suspendido o cancelado en cualquier momento.
La iniciativa de recompra refleja la confianza de ConnectM en su posición financiera y en su estrategia de crecimiento a largo plazo, al mismo tiempo que demuestra su compromiso con el valor para los accionistas. La implementación se basará en múltiples factores, incluidos el rendimiento empresarial, las condiciones del mercado y los requisitos regulatorios.
ConnectM Technology Solutions (Nasdaq: CNTM)은 이사회에서 승인한 중요한 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 1천만 달러 또는 1천만 주의 보통주를 매입할 수 있도록 허용하며, 둘 중 낮은 금액으로 진행됩니다.
2025년 2월 28일 기준으로 약 3,410만 주의 주식이 유통 중인 이 회사는 공개 시장 구매 및 비공식 거래를 포함한 다양한 방법을 통해 매입을 실행할 것입니다. 이 프로그램은 18개월 동안 진행되지만, 언제든지 중단되거나 종료될 수 있습니다.
이번 자사주 매입 이니셔티브는 ConnectM의 재무 상태와 장기 성장 전략에 대한 신뢰를 반영하며, 주주 가치를 위한 헌신을 보여줍니다. 실행은 사업 성과, 시장 조건 및 규제 요건 등 여러 요인에 따라 달라질 것입니다.
ConnectM Technology Solutions (Nasdaq: CNTM) a annoncé un programme significatif de rachat d'actions autorisé par son Conseil d'Administration. Le programme permet le rachat d'un maximum de 10 millions de dollars ou de 10 millions d'actions ordinaires, selon le montant le plus bas.
La société, qui comptait environ 34,1 millions d'actions en circulation au 28 février 2025, exécutera le rachat par divers moyens, y compris des achats sur le marché ouvert et des transactions négociées en privé. Le programme durera 18 mois, mais peut être suspendu ou arrêté à tout moment.
Cette initiative de rachat reflète la confiance de ConnectM dans sa position financière et sa stratégie de croissance à long terme, tout en démontrant son engagement envers la valeur pour les actionnaires. La mise en œuvre sera basée sur plusieurs facteurs, y compris la performance de l'entreprise, les conditions du marché et les exigences réglementaires.
ConnectM Technology Solutions (Nasdaq: CNTM) hat ein bedeutendes Aktienrückkaufprogramm angekündigt, das von seinem Vorstand genehmigt wurde. Das Programm ermöglicht den Rückkauf von bis zu 10 Millionen Dollar oder 10 Millionen Aktien gewöhnlicher Aktien, je nachdem, welcher Betrag niedriger ist.
Das Unternehmen, das zum 28. Februar 2025 etwa 34,1 Millionen Aktien im Umlauf hatte, wird den Rückkauf durch verschiedene Mittel durchführen, einschließlich Käufen am offenen Markt und privat ausgehandelten Transaktionen. Das Programm wird 18 Monate laufen, kann jedoch jederzeit ausgesetzt oder eingestellt werden.
Die Rückkaufinitiative spiegelt das Vertrauen von ConnectM in seine finanzielle Lage und seine langfristige Wachstumsstrategie wider und zeigt gleichzeitig sein Engagement für den Wert der Aktionäre. Die Umsetzung wird auf mehreren Faktoren basieren, einschließlich der Unternehmensleistung, der Marktbedingungen und der regulatorischen Anforderungen.
- Authorization of $10 million share repurchase program shows financial strength
- Potential reduction of up to 29.3% of outstanding shares (10M out of 34.1M)
- Program demonstrates management's confidence in company's growth prospects
- Buyback program may be suspended or discontinued at any time
- Program reduces cash available for operations or strategic investments
The Company had approximately 34.1 million shares of common stock outstanding as of February 28, 2025.
At management's discretion, ConnectM may purchase common stock on the open market, through privately negotiated transactions, or by other means including through the use of trading plans intended to qualify under Rule 10b-18 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions. The timing and total amount of stock repurchases will be based on business performance, economic and market conditions, corporate and regulatory requirements, prevailing stock prices, and other strategic considerations. While the share repurchase program is authorized for 18 months, it may be suspended or discontinued at any time and does not obligate the Company to acquire any amount of common stock.
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
View original content to download multimedia:https://www.prnewswire.com/news-releases/connectm-announces-10-million-share-repurchase-program-302401079.html
SOURCE ConnectM Technology Solutions, Inc.
FAQ
How many shares can ConnectM (CNTM) repurchase under its new buyback program?
When does ConnectM's (CNTM) share repurchase program expire?
What methods will ConnectM (CNTM) use to execute its share buyback?
How many shares of ConnectM (CNTM) were outstanding before the buyback announcement?
