ConnectM Technology Solutions Addresses Nasdaq Trading Suspension
MARLBOROUGH, Mass., May 8, 2025 – ConnectM Technology Solutions, Inc. (OTC: CNTM) has issued a letter to shareholders regarding the Nasdaq trading suspension. The suspension occurred despite the company’s meeting with Nasdaq’s Hearings Panel two weeks prior to discuss regaining compliance with listing requirements.
The company asserts that its fundamentals remain strong and growth prospects are unchanged. ConnectM is currently exploring various capital raise options and evaluating both organic and inorganic growth opportunities. Management believes the company’s intrinsic value exceeds its current market price.
Following the Nasdaq hearing, ConnectM made significant progress toward regaining listing compliance, which was communicated to Nasdaq as of May 7, 2025. The company is now consulting with advisors about potentially appealing the suspension decision.
While the matter is being resolved, ConnectM’s stock is tradable on the OTC Pink Market through certain brokerage accounts, including:
- Charles Schwab
- Fidelity
- E*Trade
- Interactive Brokers
Some brokerage platforms may require users to adjust their account settings and risk profiles for OTC trading. ConnectM plans to uplist to the OTCQB Market as soon as possible and ultimately return to either Nasdaq or NYSE.
The company’s immediate priorities include:
- Filing the Annual Report on Form 10-K for the year ended December 31, 2024
- Filing the Quarterly Report on Form 10-Q for the quarter ended March 31, 2025
Management remains committed to the company, its employees, stockholders, and community, reiterating that ConnectM is a viable and growing business.
About ConnectM Technology Solutions, Inc.
ConnectM is a constellation of companies enabling the transition to a modern energy economy through electrified equipment, mobility, and distributed energy. The company provides residential and commercial service providers and original equipment manufacturers with a proprietary Energy Intelligence Network platform to accelerate the adoption of all-electric heating, cooling, and transportation systems.
Cautionary Note
This press release contains forward-looking statements subject to risks and uncertainties. Actual results may differ materially from those expressed or implied. Factors that could cause such differences are discussed in the company’s SEC filings, including the Current Report on Form 8-K filed on July 18, 2024.
