ConnectM Retains ThinkEquity as Financial Advisor to Support Evaluation of $46.5M Stockholder Buy-Out Offer
ConnectM Technology Solutions (Nasdaq: CNTM) has appointed ThinkEquity as its non-exclusive financial advisor to evaluate a $46.5 million buy-out offer and provide strategic guidance. The appointment comes following a non-binding offer from the company's three largest institutional stockholders - SriSid , Arumilli , and Win-Light Global Co.
The buy-out proposal, announced on April 3, 2025, offers to acquire all outstanding shares at $1.60 per share, with the intention of taking ConnectM private. ThinkEquity, a boutique investment bank, will assist ConnectM and its Board in assessing the offer and exploring potential strategic alternatives to ensure the best interests of all stockholders.
ConnectM Technology Solutions (Nasdaq: CNTM) ha nominato ThinkEquity come suo consulente finanziario non esclusivo per valutare un'offerta di acquisto di 46,5 milioni di dollari e fornire orientamenti strategici. Questa nomina arriva dopo un'offerta non vincolante da parte dei tre maggiori azionisti istituzionali dell'azienda - SriSid, Arumilli e Win-Light Global Co.
La proposta di acquisto, annunciata il 3 aprile 2025, prevede l'acquisto di tutte le azioni in circolazione a 1,60 dollari per azione, con l'intenzione di rendere ConnectM una società privata. ThinkEquity, una banca d'investimento boutique, assisterà ConnectM e il suo Consiglio nella valutazione dell'offerta ed esplorerà potenziali alternative strategiche per garantire i migliori interessi di tutti gli azionisti.
ConnectM Technology Solutions (Nasdaq: CNTM) ha nombrado a ThinkEquity como su asesor financiero no exclusivo para evaluar una oferta de compra de 46.5 millones de dólares y brindar orientación estratégica. Esta designación se produce tras una oferta no vinculante de los tres mayores accionistas institucionales de la compañía - SriSid, Arumilli y Win-Light Global Co.
La propuesta de compra, anunciada el 3 de abril de 2025, ofrece adquirir todas las acciones en circulación a 1.60 dólares por acción, con la intención de privatizar ConnectM. ThinkEquity, un banco de inversión boutique, asistirá a ConnectM y a su Junta en la evaluación de la oferta y explorará posibles alternativas estratégicas para garantizar los mejores intereses de todos los accionistas.
ConnectM Technology Solutions (Nasdaq: CNTM)은 ThinkEquity를 비독점 재무 자문으로 임명하여 4650만 달러의 매수 제안을 평가하고 전략적 지침을 제공하도록 하였습니다. 이 임명은 회사의 세 주요 기관 주주인 SriSid, Arumilli, Win-Light Global Co.의 비구속 제안 이후 이루어졌습니다.
2025년 4월 3일 발표된 매수 제안은 모든 발행 주식을 주당 1.60달러에 인수할 것을 제안하며, ConnectM을 비상장 회사로 전환할 계획입니다. ThinkEquity는 ConnectM과 이사회를 지원하여 제안을 평가하고 모든 주주의 최선의 이익을 보장하기 위해 잠재적인 전략적 대안을 탐색할 것입니다.
ConnectM Technology Solutions (Nasdaq: CNTM) a nommé ThinkEquity comme son conseiller financier non exclusif pour évaluer une offre de rachat de 46,5 millions de dollars et fournir des conseils stratégiques. Cette nomination fait suite à une offre non contraignante de la part des trois plus grands actionnaires institutionnels de l'entreprise - SriSid, Arumilli et Win-Light Global Co.
La proposition de rachat, annoncée le 3 avril 2025, propose d'acquérir toutes les actions en circulation à 1,60 dollar par action, avec l'intention de rendre ConnectM privé. ThinkEquity, une banque d'investissement boutique, assistera ConnectM et son Conseil dans l'évaluation de l'offre et explorera d'éventuelles alternatives stratégiques pour garantir les meilleurs intérêts de tous les actionnaires.
ConnectM Technology Solutions (Nasdaq: CNTM) hat ThinkEquity als seinen nicht-exklusiven Finanzberater ernannt, um ein Übernahmeangebot in Höhe von 46,5 Millionen Dollar zu bewerten und strategische Beratung zu bieten. Diese Ernennung erfolgt nach einem unverbindlichen Angebot der drei größten institutionellen Aktionäre des Unternehmens - SriSid, Arumilli und Win-Light Global Co.
Das Übernahmeangebot, das am 3. April 2025 angekündigt wurde, bietet den Erwerb aller ausstehenden Aktien zu 1,60 Dollar pro Aktie, mit der Absicht, ConnectM privat zu machen. ThinkEquity, eine Boutique-Investmentbank, wird ConnectM und dem Vorstand bei der Bewertung des Angebots unterstützen und potenzielle strategische Alternativen erkunden, um die besten Interessen aller Aktionäre zu gewährleisten.
- Professional financial advisor (ThinkEquity) appointed to evaluate strategic alternatives
- Clear buyout offer price of $1.60 per share provides certainty for shareholders
- Premium buyout offer values company at $46.5 million
- Potential delisting from public markets if buyout succeeds
- Non-binding nature of the buyout offer creates uncertainty
ThinkEquity will provide general capital markets advice, support strategic planning, and assist ConnectM and/or a special committee of its Board of Directors in evaluating the recently disclosed non-binding buy-out offer (the "Buy-Out Offer") received from the Company's three largest and longstanding institutional stockholders—SriSid LLC, Arumilli LLC, and Win-Light Global Co. Ltd.
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 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.
FAQ
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