ConnectM Confirms $62M Increased Implied Equity Value with Buy-Out Group
ConnectM Technology Solutions (Nasdaq: CNTM) has provided an update regarding the buy-out offer received on March 31, 2025. The Buy-Out Group's proposal to acquire all outstanding shares at $1.60 per share now reflects an increased implied equity value of $62.02 million, up from the initially calculated $46.5M, due to a higher total of 38,760,828 shares outstanding.
The Buy-Out Group has confirmed its commitment to maintain the $1.60 per share price despite the increased total share count. ConnectM's Board has engaged ThinkEquity as a non-exclusive financial advisor to evaluate the buy-out offer and explore potential strategic alternatives in the interest of stockholders.
ConnectM Technology Solutions (Nasdaq: CNTM) ha fornito un aggiornamento riguardo all'offerta di acquisto ricevuta il 31 marzo 2025. La proposta del Gruppo di Acquisto di acquisire tutte le azioni in circolazione a $1.60 per azione riflette ora un valore patrimoniale implicito aumentato di $62.02 milioni, rispetto ai $46.5 milioni inizialmente calcolati, a causa di un totale maggiore di 38,760,828 azioni in circolazione.
Il Gruppo di Acquisto ha confermato il proprio impegno a mantenere il prezzo di $1.60 per azione nonostante l'aumento del numero totale di azioni. Il Consiglio di Amministrazione di ConnectM ha incaricato ThinkEquity come consulente finanziario non esclusivo per valutare l'offerta di acquisto ed esplorare potenziali alternative strategiche nell'interesse degli azionisti.
ConnectM Technology Solutions (Nasdaq: CNTM) ha proporcionado una actualización sobre la oferta de compra recibida el 31 de marzo de 2025. La propuesta del Grupo de Compra para adquirir todas las acciones en circulación a $1.60 por acción ahora refleja un valor de capital implícito aumentado de $62.02 millones, en comparación con los $46.5 millones inicialmente calculados, debido a un total mayor de 38,760,828 acciones en circulación.
El Grupo de Compra ha confirmado su compromiso de mantener el precio de $1.60 por acción a pesar del aumento en el número total de acciones. La Junta de ConnectM ha contratado a ThinkEquity como asesor financiero no exclusivo para evaluar la oferta de compra y explorar posibles alternativas estratégicas en interés de los accionistas.
ConnectM Technology Solutions (Nasdaq: CNTM)는 2025년 3월 31일에 접수된 매수 제안에 대한 업데이트를 제공했습니다. 매수 그룹의 제안은 모든 미결제 주식을 주당 $1.60에 인수하겠다는 내용으로, 현재 38,760,828주가 발행되어 있어 초기 계산된 $46.5M에서 증가한 $62.02백만의 암시된 자본 가치를 반영하고 있습니다.
매수 그룹은 총 주식 수가 증가했음에도 불구하고 주당 $1.60의 가격을 유지하겠다는 의지를 확인했습니다. ConnectM의 이사회는 주주들의 이익을 위해 매수 제안을 평가하고 잠재적인 전략적 대안을 탐색하기 위해 ThinkEquity를 비독점 재정 고문으로 임명했습니다.
ConnectM Technology Solutions (Nasdaq: CNTM) a fourni une mise à jour concernant l'offre de rachat reçue le 31 mars 2025. La proposition du Groupe de Rachat d'acquérir toutes les actions en circulation à 1,60 $ par action reflète désormais une valeur d'équité implicite augmentée de 62,02 millions $, contre 46,5 millions $ initialement calculés, en raison d'un total plus élevé de 38 760 828 actions en circulation.
Le Groupe de Rachat a confirmé son engagement à maintenir le prix de 1,60 $ par action malgré l'augmentation du nombre total d'actions. Le Conseil d'Administration de ConnectM a engagé ThinkEquity en tant que conseiller financier non exclusif pour évaluer l'offre de rachat et explorer d'éventuelles alternatives stratégiques dans l'intérêt des actionnaires.
ConnectM Technology Solutions (Nasdaq: CNTM) hat ein Update zur Übernahmeofferte gegeben, die am 31. März 2025 erhalten wurde. Der Vorschlag der Übernahmegruppe, alle ausstehenden Aktien zu einem Preis von $1.60 pro Aktie zu erwerben, spiegelt nun einen erhöhten impliziten Eigenkapitalwert von $62.02 Millionen wider, im Vergleich zu den ursprünglich berechneten $46.5 Millionen, aufgrund einer höheren Gesamtzahl von 38,760,828 ausstehenden Aktien.
Die Übernahmegruppe hat ihr Engagement bestätigt, den Preis von $1.60 pro Aktie trotz der erhöhten Gesamtzahl der Aktien aufrechtzuerhalten. Der Vorstand von ConnectM hat ThinkEquity als nicht-exklusiven Finanzberater beauftragt, um das Übernahmeangebot zu bewerten und potenzielle strategische Alternativen im Interesse der Aktionäre zu erkunden.
- Buy-Out Group maintains $1.60 per share offer despite higher share count
- Total implied equity value increases by $15.52M to $62.02M
- Professional financial advisor (ThinkEquity) engaged to evaluate offer
- Current offer represents no premium increase despite larger share count
As announced on April 3, 2025, the buy-out offer contemplates the acquisition of all outstanding shares of ConnectM at a cash price of
The Board and management team have retained ThinkEquity, a boutique investment bank specializing in capital markets and M&A advisory, to serve as its non-exclusive financial advisor and remain committed to a thorough and objective evaluation of the Buy-Out Offer and any strategic alternatives that may better serve the interests of all stockholders.
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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