MARLBOROUGH, MA – March 12, 2025 – ConnectM Technology Solutions, Inc. (Nasdaq: CNTM), a technology company focused on the electrification economy, announced today that it has received a delisting notice from The Nasdaq Stock Market LLC (“”Nasdaq””).
ConnectM had previously disclosed a notice from Nasdaq on September 4, 2024, indicating that the company’s securities did not meet requirements for continued listing. Specifically, the company failed to satisfy the $50,000,000 market value of listed securities (MVLS) requirement, as stipulated by Nasdaq Listing Rule 5450(b)(2)(A). The company was provided a 180-day period, ending March 3, 2025, to regain compliance. On March 7, 2025, Nasdaq issued a subsequent notice, stating ConnectM remained non-compliant.
As a result, ConnectM’s securities are slated for delisting from The Nasdaq Global Market. Unless the company appeals this determination before the Nasdaq Hearings Panel (the “”Panel””) by March 14, 2025, trading of its common stock will be suspended starting March 18, 2025. A Form 25-NSE will then be filed with the SEC, removing ConnectM’s securities from listing and registration on Nasdaq.
The company intends to appeal the decision to the Panel in a timely manner. Filing for a hearing will stay the suspension of the company’s securities and the filing of Form 25-NSE, pending the Panel’s final decision.
ConnectM is focused on providing technology solutions for the next generation of electrified equipment and mobility infrastructure. The company offers an Energy Intelligence Network platform designed to accelerate the shift to all-electric power. The company leverages technology, data, artificial intelligence, and behavioral economics to lower energy costs and reduce carbon emissions.
For further information, visit: https://www.connectm.com/
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. ConnectM bases these statements on current expectations and projections about future events, but actual outcomes could differ materially. Factors that could cause such differences include but are not limited to market value fluctuations, the success of company’s appeal and other factors.
Contact
Dave Gentry, CEO RedChip Companies, Inc. 1-407-644-4256 [email protected]
