SRISID LLC Increases Position to 7.55M Shares of ConnectM, Representing 15.1% of the Company's Outstanding Common Stock
ConnectM Technology Solutions (Nasdaq: CNTM) announced that institutional investor SRISID has increased its ownership position to 7,553,664 shares, representing approximately 15.1% of ConnectM's outstanding common stock, as disclosed in a new Schedule 13G filing with the SEC.
SRISID is part of a Buy-Out Group that previously made an offer on March 31, 2025, to acquire all remaining ConnectM shares at $1.60 per share in cash. The Schedule 13G filing indicates this is a significant passive investment by the institutional investor.
ConnectM Technology Solutions (Nasdaq: CNTM) ha annunciato che l'investitore istituzionale SRISID ha incrementato la sua partecipazione a 7.553.664 azioni, rappresentando circa il 15,1% del capitale sociale ordinario in circolazione di ConnectM, come riportato in un nuovo deposito Schedule 13G presso la SEC.
SRISID fa parte di un gruppo di acquisto (Buy-Out Group) che in precedenza aveva presentato un'offerta il 31 marzo 2025 per acquisire tutte le azioni residue di ConnectM al prezzo di 1,60 $ per azione in contanti. Il deposito Schedule 13G indica che si tratta di un investimento passivo significativo da parte dell'investitore istituzionale.
ConnectM Technology Solutions (Nasdaq: CNTM) anunció que el inversor institucional SRISID ha aumentado su participación a 7.553.664 acciones, lo que representa aproximadamente el 15,1% del capital social común en circulación de ConnectM, según se reveló en una nueva presentación Schedule 13G ante la SEC.
SRISID forma parte de un grupo de compra (Buy-Out Group) que previamente hizo una oferta el 31 de marzo de 2025 para adquirir todas las acciones restantes de ConnectM a 1,60 $ por acción en efectivo. La presentación Schedule 13G indica que esta es una inversión pasiva significativa por parte del inversor institucional.
ConnectM Technology Solutions (나스닥: CNTM)이 기관 투자자 SRISID가 보유 지분을 7,553,664주로 늘렸으며, 이는 ConnectM의 유통 보통주 약 15.1%에 해당한다고 SEC에 제출된 새로운 Schedule 13G 서류에서 발표했습니다.
SRISID는 2025년 3월 31일에 현금으로 주당 1.60달러에 ConnectM의 남은 모든 주식을 인수하겠다는 제안을 한 바이아웃 그룹(Buy-Out Group)의 일부입니다. Schedule 13G 제출 서류는 기관 투자자의 중요한 수동적 투자임을 나타냅니다.
ConnectM Technology Solutions (Nasdaq : CNTM) a annoncé que l'investisseur institutionnel SRISID a augmenté sa participation à 7 553 664 actions, représentant environ 15,1 % du capital social ordinaire en circulation de ConnectM, comme révélé dans un nouveau dépôt Schedule 13G auprès de la SEC.
SRISID fait partie d'un groupe de rachat (Buy-Out Group) qui avait précédemment fait une offre le 31 mars 2025 pour acquérir toutes les actions restantes de ConnectM à 1,60 $ par action en espèces. Le dépôt Schedule 13G indique qu'il s'agit d'un investissement passif important de la part de l'investisseur institutionnel.
ConnectM Technology Solutions (Nasdaq: CNTM) gab bekannt, dass der institutionelle Investor SRISID seine Beteiligung auf 7.553.664 Aktien erhöht hat, was etwa 15,1% des ausstehenden Stammkapitals von ConnectM entspricht, wie in einer neuen Schedule 13G-Meldung bei der SEC offengelegt wurde.
SRISID ist Teil einer Buy-Out-Gruppe, die am 31. März 2025 ein Angebot unterbreitet hatte, alle verbleibenden ConnectM-Aktien zu 1,60 $ pro Aktie in bar zu übernehmen. Die Schedule 13G-Meldung weist darauf hin, dass es sich um eine bedeutende passive Investition des institutionellen Investors handelt.
- Significant institutional investment increase to 15.1% ownership indicates strong investor confidence
- Active buyout offer at $1.60 per share provides clear exit opportunity for shareholders
- Buyout offer at $1.60 per share might undervalue the company's long-term potential
A Schedule 13G filing indicates a significant passive investment by institutional or qualified investors. SRISID LLC is a member of the investor group that initiated a buy-out offer on March 31, 2025 (the "Buy-Out Group") to acquire all remaining outstanding stock of ConnectM at a cash price of
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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