ConnectM Requests Nasdaq Hearing for Continued Listing
ConnectM Technology Solutions (Nasdaq: CNTM) has requested and been granted a hearing before a Nasdaq Hearings Panel to present its plan for maintaining its listing on The Nasdaq Global Market. The company failed to meet Nasdaq Listing Rule 5450(b)(2)(A), which requires a minimum market value of listed securities (MVLS) of $50,000,000.
After not regaining compliance during the initial 180-day period ending March 3, 2025, ConnectM received a delisting notice on March 7, 2025. However, the company's hearing request has automatically stayed the suspension, allowing its common stock to continue trading on Nasdaq until the Panel makes a final determination.
ConnectM Technology Solutions (Nasdaq: CNTM) ha richiesto e ottenuto un'udienza davanti a un Panel di Audizione Nasdaq per presentare il suo piano per mantenere la sua quotazione sul Nasdaq Global Market. L'azienda non è riuscita a soddisfare il Nasdaq Listing Rule 5450(b)(2)(A), che richiede un valore di mercato minimo dei titoli quotati (MVLS) di $50.000.000.
Dopo non essere riuscita a ripristinare la conformità durante il periodo iniziale di 180 giorni che si è concluso il 3 marzo 2025, ConnectM ha ricevuto un avviso di delisting il 7 marzo 2025. Tuttavia, la richiesta di udienza dell'azienda ha automaticamente sospeso la sospensione, consentendo alle sue azioni ordinarie di continuare a essere scambiate su Nasdaq fino a quando il Panel non prenderà una decisione finale.
ConnectM Technology Solutions (Nasdaq: CNTM) ha solicitado y se le ha concedido una audiencia ante un Panel de Audiencias de Nasdaq para presentar su plan para mantener su cotización en el Nasdaq Global Market. La compañía no cumplió con la Regla de Cotización 5450(b)(2)(A) de Nasdaq, que requiere un valor de mercado mínimo de valores listados (MVLS) de $50,000,000.
Después de no recuperar el cumplimiento durante el período inicial de 180 días que finalizó el 3 de marzo de 2025, ConnectM recibió un aviso de deslistado el 7 de marzo de 2025. Sin embargo, la solicitud de audiencia de la compañía ha suspendido automáticamente la suspensión, permitiendo que sus acciones ordinarias continúen negociándose en Nasdaq hasta que el Panel tome una decisión final.
ConnectM Technology Solutions (Nasdaq: CNTM)는 Nasdaq 글로벌 시장에서의 상장 유지를 위한 계획을 제시하기 위해 Nasdaq 청문회 패널 앞에서 청문회를 요청하고 승인받았습니다. 이 회사는 최소 시장 가치가 $50,000,000인 상장 증권의 규칙인 Nasdaq Listing Rule 5450(b)(2)(A)를 충족하지 못했습니다.
2025년 3월 3일에 종료되는 초기 180일 기간 동안 준수를 회복하지 못한 후, ConnectM은 2025년 3월 7일에 상장 폐지 통지를 받았습니다. 그러나 회사의 청문회 요청은 자동으로 정지를 연기시켰으며, 패널이 최종 결정을 내릴 때까지 일반 주식이 Nasdaq에서 계속 거래될 수 있도록 허용했습니다.
ConnectM Technology Solutions (Nasdaq: CNTM) a demandé et obtenu une audience devant un Panel d'Audition Nasdaq pour présenter son plan de maintien de sa cotation sur le Nasdaq Global Market. L'entreprise n'a pas respecté la Règle de Cotation Nasdaq 5450(b)(2)(A), qui exige une valeur de marché minimale des titres cotés (MVLS) de 50 000 000 $.
Après ne pas avoir retrouvé la conformité pendant la période initiale de 180 jours se terminant le 3 mars 2025, ConnectM a reçu un avis de radiation le 7 mars 2025. Cependant, la demande d'audience de l'entreprise a automatiquement suspendu la suspension, permettant à ses actions ordinaires de continuer à être négociées sur Nasdaq jusqu'à ce que le Panel prenne une décision finale.
ConnectM Technology Solutions (Nasdaq: CNTM) hat eine Anhörung vor einem Nasdaq Hearings Panel beantragt und erhalten, um seinen Plan zur Aufrechterhaltung seiner Notierung am Nasdaq Global Market vorzustellen. Das Unternehmen hat die Nasdaq Listing Rule 5450(b)(2)(A) nicht erfüllt, die einen Mindestmarktwert der gelisteten Wertpapiere (MVLS) von 50.000.000 $ verlangt.
Nachdem es während des anfänglichen 180-tägigen Zeitraums, der am 3. März 2025 endete, nicht gelungen ist, die Konformität wiederherzustellen, erhielt ConnectM am 7. März 2025 eine Mitteilung über die Delistung. Die Bitte um Anhörung des Unternehmens hat jedoch automatisch die Aussetzung ausgesetzt, sodass die Stammaktien weiterhin an der Nasdaq gehandelt werden können, bis das Panel eine endgültige Entscheidung trifft.
- Granted hearing opportunity to present compliance plan
- Obtained automatic stay of delisting, allowing continued Nasdaq trading
- Failed to maintain required $50M market value of listed securities
- Received delisting notice from Nasdaq
- Failed to regain compliance within initial 180-day grace period
Previously, the Company was provided a period of 180 calendar days, or until March 3, 2025, in which to regain compliance with the Rule. On March 7, 2025, the Company received notice from Nasdaq stating that the Company had not regained compliance with the Rule by the March 3 deadline and that its securities would be delisted from Nasdaq.
However, the Company's timely hearing request has automatically stayed the suspension of the Company's securities pending the Panel's decision. The stay, which allows for the continued trading of the Company's common stock on Nasdaq, will continue until the Panel issues a final determination regarding the Company's listing status. The Company intends to continue to take all steps necessary to regain compliance with the Rule.
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.
FAQ
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