ConnectM Retires Additional $9M Debt in April, Reducing Annual Interest Expense by 90%
ConnectM Technology Solutions (Nasdaq: CNTM) has announced the retirement of an additional $9 million of debt since March 31, 2025. Since its public listing on July 15, 2024, the company has successfully eliminated $40 million in liabilities, reducing its total outstanding debt to less than $8.0 million. The debt reduction has resulted in a 90% decrease in annual interest expenses. ConnectM, a high-growth technology company focused on the energy economy, projects achieving a positive stockholder equity position by Q2 2025.
ConnectM Technology Solutions (Nasdaq: CNTM) ha annunciato il rimborso di ulteriori 9 milioni di dollari di debito dal 31 marzo 2025. Dalla sua quotazione in borsa il 15 luglio 2024, l'azienda ha eliminato con successo 40 milioni di dollari di passività, riducendo il debito totale residuo a meno di 8,0 milioni di dollari. Questa riduzione del debito ha comportato una diminuzione del 90% delle spese annuali per interessi. ConnectM, un'azienda tecnologica in rapida crescita focalizzata sull'economia energetica, prevede di raggiungere una posizione di patrimonio netto positiva entro il secondo trimestre del 2025.
ConnectM Technology Solutions (Nasdaq: CNTM) ha anunciado la amortización adicional de 9 millones de dólares de deuda desde el 31 de marzo de 2025. Desde su salida a bolsa el 15 de julio de 2024, la compañía ha logrado eliminar con éxito 40 millones de dólares en pasivos, reduciendo su deuda total pendiente a menos de 8,0 millones de dólares. La reducción de deuda ha resultado en una disminución del 90% en los gastos anuales por intereses. ConnectM, una empresa tecnológica de alto crecimiento enfocada en la economía energética, proyecta alcanzar una posición positiva de patrimonio neto para el segundo trimestre de 2025.
ConnectM Technology Solutions (나스닥: CNTM)는 2025년 3월 31일 이후 추가로 900만 달러의 부채 상환을 발표했습니다. 2024년 7월 15일 상장 이후 회사는 총 4천만 달러의 부채를 성공적으로 없애며, 총 미상환 부채를 800만 달러 미만으로 줄였습니다. 부채 감소로 연간 이자 비용이 90% 감소하는 효과를 보았습니다. 에너지 경제에 중점을 둔 고성장 기술 기업인 ConnectM은 2025년 2분기까지 주주자본이 플러스로 전환될 것으로 예상하고 있습니다.
ConnectM Technology Solutions (Nasdaq : CNTM) a annoncé le remboursement supplémentaire de 9 millions de dollars de dette depuis le 31 mars 2025. Depuis son introduction en bourse le 15 juillet 2024, la société a réussi à éliminer 40 millions de dollars de passifs, réduisant sa dette totale restante à moins de 8,0 millions de dollars. Cette réduction de la dette a entraîné une baisse de 90 % des charges d’intérêts annuelles. ConnectM, une entreprise technologique à forte croissance axée sur l’économie de l’énergie, prévoit d’atteindre une position de capitaux propres positive d’ici le deuxième trimestre 2025.
ConnectM Technology Solutions (Nasdaq: CNTM) hat seit dem 31. März 2025 zusätzliche 9 Millionen US-Dollar an Schulden zurückgezahlt. Seit dem Börsengang am 15. Juli 2024 hat das Unternehmen erfolgreich 40 Millionen US-Dollar an Verbindlichkeiten abgebaut und seine Gesamtverschuldung auf unter 8,0 Millionen US-Dollar reduziert. Die Schuldenreduzierung führte zu einer 90%igen Verringerung der jährlichen Zinsaufwendungen. ConnectM, ein schnell wachsendes Technologieunternehmen mit Fokus auf die Energieökonomie, prognostiziert, bis zum zweiten Quartal 2025 eine positive Eigenkapitalposition zu erreichen.
- Eliminated $40M in liabilities since IPO
- 90% reduction in annual interest expenses
- Reduced outstanding debt to under $8M
- Projected positive stockholder equity by Q2 2025
- Still carries $8M in outstanding debt
Outlook
The Company expects to be in a positive stockholder equity position by Q2 2025.
About ConnectM Technology Solutions, Inc.
ConnectM is a constellation of companies powering next generation equipment, mobility and distributed energy—thus enabling a faster, smarter transition to a modern energy economy. The Company delivers an advanced, proprietary Energy Intelligence Network platform designed to empower residential and commercial service providers and original equipment manufacturers, to optimize energy efficiency, enhance operational performance, and support sustainable innovation. 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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