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ConnectM Provides Update on $1.60 per Share Buy-Out Offer

1. Buy-Out Group owns 31.4% of ConnectM's outstanding shares. 2. Proposal submitted to acquire remaining shares at $1.60 each. 3. Individual buyout entities have increased their shareholdings. 4. Board is reviewing the acquisition proposal thoroughly. 5. No assurance of a definitive offer or transaction completion.

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FAQ

Why Bullish?

The Buy-Out Group owning 31.4% indicates strong interest in CNTM, potentially driving price gains similar to other buyouts which have historically led to optimism and higher valuations (e.g., previous major buyouts in tech saw net positive price impacts).

How important is it?

The acquisition proposal and buyout interest from significant stakeholders increases investor engagement and speculation, making this news highly relevant for CNTM's market dynamics.

Why Short Term?

Proposed acquisition timelines typically create rapid short-term market reactions as investors speculate on the deal's probability and financial implications, reflected in immediate share price movements during similar past events.

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Buy-Out Group now owns approximately 16.1 million shares of ConnectM common stock, representing approximately 31.4% of the Company's outstanding shares , /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 an update regarding the ownership positions of the investor group (the "Buy-Out Group") that submitted a non-binding proposal on March 31, 2025, to acquire all remaining outstanding shares of ConnectM at a cash price of $1.60 per share. Since the Buy-Out Group's initial offer, its members — SriSid LLC, Arumilli LLC, and Win-Light Global Co. Ltd. — have each increased their individual holdings in ConnectM. Collectively, the Buy-Out Group now owns approximately 16,098,064 shares of ConnectM common stock, representing approximately 31.4% of the Company's outstanding shares as of April 28, 2025. Individually: SriSid LLC currently owns approximately 7,553,664 shares (14.8% of outstanding shares), Arumilli LLC currently owns approximately 5,069,384 shares (9.9% of outstanding shares), and Win-Light Global Co. Ltd. currently owns approximately 3,475,016 shares (6.8% of outstanding shares). As previously disclosed, the ConnectM Board of Directors continues to thoroughly review and evaluate the proposal. There can be no assurance that any definitive offer will be made or accepted, or that any transaction will be consummated. ConnectM remains committed to acting in the best interests of all stockholders. About ConnectM Technology Solutions, Inc. ConnectM is a constellation of companies powering next generation equipment, mobility and distributed energy—thus enabling a faster, smarter transition to a modern energy economy. The Company delivers an advanced, proprietary Energy Intelligence Network platform designed to empower residential and commercial service providers and original equipment manufacturers, to optimize energy efficiency, enhance operational performance, and support sustainable innovation. 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 StatementsThis 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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