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The latest update is out from ConnectM Technology Solutions ( (CNTM) ).
ConnectM Technology Solutions received a notice from Nasdaq for not filing its Quarterly Report for September 2024, leading to non-compliance with Nasdaq’s listing rules. While this does not immediately affect their Nasdaq listing, failure to regain compliance by February 2025 could result in delisting. ConnectM has until February 4, 2025, to submit a compliance plan, and if accepted, it may gain an extension until May 2025. If the plan is rejected, the company can appeal. This notice was announced in compliance with Nasdaq’s requirement for disclosure of such notifications.
More about ConnectM Technology Solutions
ConnectM Technology Solutions, Inc. is a technology company focused on the electrification economy, leveraging AI-powered technology solutions to integrate electrified energy assets. The company provides a proprietary Energy Intelligence Network platform for residential and light commercial buildings, as well as all-electric original equipment manufacturers, to facilitate the transition to all-electric heating, cooling, and transportation. ConnectM aims to make electrification user-friendly, affordable, precise, and socially impactful, helping customers reduce fossil fuel reliance, lower energy costs, and minimize carbon footprints.
YTD Price Performance: -92.54%
Average Trading Volume: 183,994
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $19.01M
For a thorough assessment of CNTM stock, go to TipRanks’ Stock Analysis page.
