ConnectM Announces Receipt of Notice from Nasdaq That ConnectM has Regained Compliance with Nasdaq Rule
ConnectM Technology Solutions (Nasdaq: CNTM) has announced that it has regained compliance with Nasdaq's listing requirements. The company, which focuses on the electrification economy, had received a notice of non-compliance on December 6, 2024, due to failing to file its Q3 2024 Form 10-Q on time. Following the submission of the required quarterly report on December 16, 2024, Nasdaq Staff confirmed on January 31, 2025, that ConnectM is now in full compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports. The matter has been officially closed.
ConnectM Technology Solutions (Nasdaq: CNTM) ha annunciato di aver ripristinato la conformità ai requisiti di quotazione di Nasdaq. L'azienda, che si concentra sull'economia dell'elettrificazione, aveva ricevuto un avviso di non conformità il 6 dicembre 2024, a causa del mancato invio del proprio Q3 2024 Form 10-Q in tempo. A seguito della presentazione del rapporto trimestrale richiesto il 16 dicembre 2024, il personale di Nasdaq ha confermato il 31 gennaio 2025 che ConnectM è ora pienamente conforme alla Regola di Quotazione 5250(c)(1) di Nasdaq, che richiede la presentazione tempestiva dei rapporti finanziari periodici. La questione è stata ufficialmente chiusa.
ConnectM Technology Solutions (Nasdaq: CNTM) ha anunciado que ha recuperado la conformidad con los requisitos de cotización de Nasdaq. La empresa, que se enfoca en la economía de electrificación, había recibido un aviso de no conformidad el 6 de diciembre de 2024, debido a que no presentó su Q3 2024 Form 10-Q a tiempo. Tras la presentación del informe trimestral requerido el 16 de diciembre de 2024, el personal de Nasdaq confirmó el 31 de enero de 2025 que ConnectM ahora cumple plenamente con la Regla de Cotización 5250(c)(1) de Nasdaq, que exige la presentación oportuna de informes financieros periódicos. El asunto ha sido oficialmente cerrado.
ConnectM Technology Solutions (Nasdaq: CNTM)는 Nasdaq의 상장 요건을 준수하게 되었다고 발표했습니다. 전기화 경제에 주력하는 이 회사는 2024년 12월 6일에 Q3 2024 Form 10-Q를 제때 제출하지 않아 비준수 통지를 받았습니다. 2024년 12월 16일에 필요한 분기 보고서를 제출한 후, Nasdaq 직원은 2025년 1월 31일에 ConnectM이 이제 Nasdaq 상장 규칙 5250(c)(1)에 완전히 준수하고 있다고 확인했습니다. 이 규칙은 정기 재무 보고서를 적시에 제출할 것을 요구합니다. 이 문제는 공식적으로 종료되었습니다.
ConnectM Technology Solutions (Nasdaq: CNTM) a annoncé qu'elle a retrouvé sa conformité aux exigences de cotation de Nasdaq. L'entreprise, qui se concentre sur l'économie de l'électrification, avait reçu un avis de non-conformité le 6 décembre 2024, en raison d'un retard dans le dépôt de son Q3 2024 Form 10-Q. Suite à la soumission du rapport trimestriel requis le 16 décembre 2024, le personnel de Nasdaq a confirmé le 31 janvier 2025 que ConnectM est désormais pleinement conforme à la Règle de Cotation 5250(c)(1) de Nasdaq, qui exige le dépôt en temps voulu des rapports financiers périodiques. La question a été officiellement close.
ConnectM Technology Solutions (Nasdaq: CNTM) hat bekannt gegeben, dass es die Anforderungen für die Nasdaq-Listung wieder erfüllt. Das Unternehmen, das sich auf die Elektrifizierung der Wirtschaft konzentriert, erhielt am 6. Dezember 2024 eine Mitteilung über die Nichterfüllung, da es sein Q3 2024 Form 10-Q nicht rechtzeitig eingereicht hatte. Nach der Einreichung des erforderlichen Quartalsberichts am 16. Dezember 2024 bestätigte das Nasdaq-Personal am 31. Januar 2025, dass ConnectM nun vollständig mit der Nasdaq-Listing-Regel 5250(c)(1) konform ist, die die fristgerechte Einreichung von periodischen Finanzberichten erfordert. Die Angelegenheit wurde offiziell abgeschlossen.
- Regained Nasdaq listing compliance, eliminating delisting risk
- Successfully filed required Q3 2024 financial report
- Previously failed to meet SEC filing deadlines for Q3 2024 report
MARLBOROUGH, Mass., Feb. 13, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) (“ConnectM” or the “Company”), a technology company focused on the electrification economy, had previously announced that on December 6, 2024, it received a notice from the Staff of the Listing Qualifications Department of Nasdaq stating that because the Company had not filed its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the “Third Quarter 10-Q”), it no longer complies with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) for continued listing, which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission.
ConnectM today announced that on January 31, 2025, the Staff notified ConnectM that, based on the Company’s December 16, 2024, filing of the Third Quarter 10-Q, Staff has determined that the Company complies with the Rule. Accordingly, the matter is now closed.
About ConnectM Technology Solutions, Inc.
ConnectM is a pioneer in the electrification economy, integrating energy assets with its AI-driven technology platform. Focused on delivering solutions that drive efficiency, affordability, and sustainability, ConnectM serves home, facility, and fleet across three major segments: Building Electrification, Distributed Energy, and Transportation and Logistics. The company’s vertically integrated approach combines technology, service/distribution networks, and strategic partnerships to accelerate the transition to an all-electric energy economy.
For more information, please visit: www.connectm.com. Stockholders looking to receive Company updates directly to their inbox should sign up here.
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
FAQ
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