ConnectM Receives $1.60 Per Share Buyout Offer from its Three Largest Institutional Investors
ConnectM Technology Solutions (Nasdaq: CNTM) has received a non-binding buyout proposal from its three largest institutional investors—SriSid , Arumilli , and Win-Light Global Co. —offering $1.60 per share in cash to acquire all remaining outstanding shares. The offer, submitted on March 31, 2025, values the company at approximately $46.5 million in total equity.
The three institutional investors, who initially invested in ConnectM in 2020, have recently increased their ownership positions. If accepted, the proposed transaction would transition ConnectM from a public to a private company, subject to due diligence, definitive agreements, and regulatory approvals.
ConnectM Technology Solutions (Nasdaq: CNTM) ha ricevuto una proposta di acquisto non vincolante dai suoi tre principali investitori istituzionali—SriSid, Arumilli e Win-Light Global Co.—che offrono $1,60 per azione in contanti per acquisire tutte le azioni rimanenti. L'offerta, presentata il 31 marzo 2025, valuta l'azienda a circa $46,5 milioni in totale capitale.
I tre investitori istituzionali, che hanno inizialmente investito in ConnectM nel 2020, hanno recentemente aumentato le loro posizioni di proprietà. Se accettata, la transazione proposta farebbe passare ConnectM da una società pubblica a una privata, soggetta a due diligence, accordi definitivi e approvazioni normative.
ConnectM Technology Solutions (Nasdaq: CNTM) ha recibido una propuesta de compra no vinculante de sus tres principales inversores institucionales—SriSid, Arumilli y Win-Light Global Co.—que ofrecen $1.60 por acción en efectivo para adquirir todas las acciones restantes. La oferta, presentada el 31 de marzo de 2025, valora a la empresa en aproximadamente $46.5 millones en capital total.
Los tres inversores institucionales, que inicialmente invirtieron en ConnectM en 2020, han aumentado recientemente sus posiciones de propiedad. Si se acepta, la transacción propuesta haría que ConnectM pasara de ser una empresa pública a una privada, sujeta a la debida diligencia, acuerdos definitivos y aprobaciones regulatorias.
ConnectM Technology Solutions (Nasdaq: CNTM)는 세 개의 주요 기관 투자자—SriSid, Arumilli, Win-Light Global Co.—로부터 비구속적인 인수 제안을 받았습니다. 이들은 모든 남아 있는 주식을 인수하기 위해 주당 $1.60의 현금을 제안하고 있습니다. 2025년 3월 31일에 제출된 이 제안은 회사를 총 $46.5 백만의 자본으로 평가합니다.
2020년에 ConnectM에 처음 투자한 세 기관 투자자는 최근에 소유 지분을 증가시켰습니다. 만약 수락된다면, 제안된 거래는 ConnectM을 공개 회사에서 사기업으로 전환시킬 것이며, 이는 실사, 최종 계약 및 규제 승인을 조건으로 합니다.
ConnectM Technology Solutions (Nasdaq: CNTM) a reçu une proposition d'achat non contraignante de ses trois plus grands investisseurs institutionnels—SriSid, Arumilli et Win-Light Global Co.—offrant 1,60 $ par action en espèces pour acquérir toutes les actions restantes. L'offre, soumise le 31 mars 2025, valorise l'entreprise à environ 46,5 millions $ en capital total.
Les trois investisseurs institutionnels, qui ont initialement investi dans ConnectM en 2020, ont récemment augmenté leurs positions de propriété. Si elle est acceptée, la transaction proposée ferait passer ConnectM d'une société publique à une société privée, sous réserve de la due diligence, des accords définitifs et des approbations réglementaires.
ConnectM Technology Solutions (Nasdaq: CNTM) hat ein unverbindliches Übernahmeangebot von seinen drei größten institutionellen Investoren—SriSid, Arumilli und Win-Light Global Co.—erhalten, die 1,60 $ pro Aktie in bar anbieten, um alle verbleibenden ausstehenden Aktien zu erwerben. Das Angebot, das am 31. März 2025 eingereicht wurde, bewertet das Unternehmen mit etwa 46,5 Millionen $ Gesamtkapital.
Die drei institutionellen Investoren, die 2020 erstmals in ConnectM investiert haben, haben kürzlich ihre Eigentumsanteile erhöht. Wenn akzeptiert, würde die vorgeschlagene Transaktion ConnectM von einem öffentlichen zu einem privaten Unternehmen überführen, vorbehaltlich der Due Diligence, endgültiger Vereinbarungen und behördlicher Genehmigungen.
- Buyout offer represents clear exit opportunity for shareholders
- Long-term institutional investors showing increased commitment through ownership expansion
- All-cash transaction provides immediate liquidity for shareholders
- Non-binding nature of the proposal creates uncertainty about deal completion
- Privatization would eliminate public market liquidity for remaining shareholders
The offer, submitted on March 31, 2025, implies a total equity valuation of approximately
SriSid LLC, Arumilli LLC, and Win-Light Global Co. Ltd. have been long-term investors in ConnectM, having initially invested in the Company in 2020. In recent months, the investor group has significantly increased their ownership positions, reflecting a deepened commitment to the Company's strategic vision and long-term potential.
The proposed transaction, if accepted, would result in the privatization of ConnectM and is subject to the completion of customary due diligence, definitive agreements, and regulatory approvals.
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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