ConnectM Announces Receipt of Notice from Nasdaq That ConnectM has Regained Compliance with Nasdaq Rule
February 13 2025 - 3:01PM
ConnectM Technology Solutions, Inc. (
Nasdaq: CNTM)
(“
ConnectM” or the “
Company”), a
technology company focused on the electrification economy, had
previously announced that on December 6, 2024, it received a notice
from the Staff of the Listing Qualifications Department of Nasdaq
stating that because the Company had not filed its Quarterly Report
on Form 10-Q for the period ended September 30, 2024 (the
“
Third Quarter 10-Q”), it no longer complies with
Nasdaq Listing Rule 5250(c)(1) (the “
Rule”) for
continued listing, which requires listed companies to timely file
all required periodic financial reports with the Securities and
Exchange Commission.
ConnectM today announced that on January 31,
2025, the Staff notified ConnectM that, based on the Company’s
December 16, 2024, filing of the Third Quarter 10-Q, Staff has
determined that the Company complies with the Rule. Accordingly,
the matter is now closed.
About ConnectM Technology Solutions, Inc.
ConnectM is a pioneer in the electrification economy, integrating
energy assets with its AI-driven technology platform. Focused on
delivering solutions that drive efficiency, affordability, and
sustainability, ConnectM serves home, facility, and fleet across
three major segments: Building Electrification, Distributed Energy,
and Transportation and Logistics. The company’s vertically
integrated approach combines technology, service/distribution
networks, and strategic partnerships to accelerate the transition
to an all-electric energy economy.
For more information, please visit:
www.connectm.com. Stockholders looking to receive Company updates
directly to their inbox should sign up here.
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.1-407-644-4256CNTM@redchip.com
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