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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 the appointment of ThinkEquity, a boutique investment bank specializing in capital markets and M&A advisory, to serve as its non-exclusive financial advisor.
ThinkEquity will provide general capital markets advice, support strategic planning, and assist ConnectM and/or a special committee of its Board of Directors in evaluating the recently disclosed non-binding buy-out offer (the "Buy-Out Offer") received from the Company's three largest and longstanding institutional stockholders—SriSid LLC, Arumilli LLC, and Win-Light Global Co. Ltd.
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, implying a total equity value of approximately $46.5 million, and would result in ConnectM becoming a privately held company.
The Board and management team 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.
Posted In: CNTM
