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ConnectM Confirms $62M Increased Implied Equity Value with Buy-Out Group

1. ConnectM announced a $1.60 buy-out offer from the investor group. 2. The buy-out group confirmed the offer despite increased equity valuation. 3. ConnectM retains ThinkEquity as their financial advisor for evaluation. 4. The current equity value is approximately $62.02 million. 5. The company focuses on energy solutions and smart technology integration.

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FAQ

Why Bullish?

The confirmed buy-out offer suggests investor confidence, potentially driving the stock price up.

How important is it?

The buy-out offer brings attention to CNTM, enhancing short-term trading activity.

Why Short Term?

Buy-out offers typically lead to immediate stock price movement, especially with a confirmed interest.

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AAPLTSLAAMZN
, /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today announced further communications with the investor group that initiated a buy-out offer on March 31, 2025 (the "Buy-Out Group"). As announced on April 3, 2025, the buy-out offer contemplates the acquisition of all outstanding shares of ConnectM at a cash price of $1.60 per share. At the time of the offer, the Buy-Out Group had referenced the Company's shares outstanding as of December 31, 2024, which implied an equity value of approximately $46.5M. ConnectM has since informed the Buy-Out Group that its current shares outstanding total 38,760,828, implying a total equity value of approximately $62.02 million. Upon receiving this information, the Buy-Out Group confirmed its intention to proceed with the $1.60 per share price for the remaining issued and outstanding publicly held common shares of ConnectM. The Board and management team have retained ThinkEquity, a boutique investment bank specializing in capital markets and M&A advisory, to serve as its non-exclusive financial advisor and remain committed to a thorough and objective evaluation of the Buy-Out Offer and any strategic alternatives that may better serve the interests of all stockholders. About ConnectM Technology Solutions, Inc. ConnectM is a constellation of companies powering the next generation of electrified equipment, mobility and distributed energy—thus enabling a faster, smarter transition to a modern energy economy. The Company provides residential and light commercial service providers and original equipment manufacturers with a proprietary Energy Intelligence Network platform to accelerate the transition to all-electric heating, cooling, and transportation. 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 RelationsDave Gentry, CEORedChip Companies, Inc.1-407-644-4256[email protected]  SOURCE ConnectM Technology Solutions, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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