MARLBOROUGH, Mass., Feb. 14,
2025 /PRNewswire/ -- 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 Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com
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SOURCE ConnectM Technology Solutions, Inc.
