The latest announcement is out from ConnectM Technology Solutions ( (CNTM) ).
On April 2, 2025, ConnectM Technology Solutions announced a $1.60 per share buyout offer from its three largest institutional investors, SriSid LLC, Arumilli LLC, and Win-Light Global Co. Ltd. The offer, submitted on March 31, 2025, values the company at approximately $46.5 million and proposes to transition ConnectM into a privately held entity. This move reflects the investors’ deepened commitment to ConnectM’s strategic vision and long-term potential. If accepted, the transaction would result in the privatization of ConnectM, subject to customary due diligence, definitive agreements, and regulatory approvals.
More about ConnectM Technology Solutions
ConnectM Technology Solutions, Inc. is a high-growth technology company focused on advancing the energy economy. It provides an Energy Intelligence Network platform for residential and light commercial service providers and original equipment manufacturers, aiming to accelerate the transition to all-electric heating, cooling, and transportation while reducing energy costs and carbon emissions globally.
YTD Price Performance: -60.40%
Average Trading Volume: 523,626
Technical Sentiment Signal: Strong Buy
Current Market Cap: $19.34M
See more data about CNTM stock on TipRanks’ Stock Analysis page.