CNTM · United States
Cash Position
The company has -4.9 months of cash left based on the quarterly cash burn of $913.820 k and estimated current cash of $-1.501 M
Commentary on Financial Condition
ConnectM Technology Solutions, Inc. has recently undergone a business combination and is now focused on clean technology, with significant growth through acquisitions. The company is facing financial challenges, including a net loss of $12.2 million for the three months ended September 30, 2024, and a notice from Nasdaq regarding non-compliance with market value listing requirements, with a deadline to regain compliance by March 3, 2025. ConnectM has also entered into note conversion agreements to convert debt into equity and is actively pursuing acquisitions, such as the purchase of a significant interest in DeliveryCircle, LLC, to bolster its capital resources and operational capabilities., Filed At: 2024-12-13
Former Symbols
No former symbols for CNTM
Nasdaq Compliance
ConnectM Technology Solutions, Inc. has received a delisting notice from Nasdaq due to non-compliance with the $50,000,000 market value of listed securities requirement, with an initial deadline of March 3, 2025, to regain compliance. The company plans to appeal the decision before the Nasdaq Hearings Panel, temporarily staying the suspension of its securities pending the Panel's decision, as of the Filed At date of 2025-03-12.
ConnectM Technology Solutions, Inc. has received a delisting notice from Nasdaq due to non-compliance with the $50,000,000 market value of listed securities requirement, with an initial compliance deadline of March 3, 2025. The company has requested a hearing to appeal the decision, which temporarily stays the suspension of its securities pending the Nasdaq Hearings Panel's decision, as of the filing on March 17, 2025. Filed At: 2025-04-02.
Previous Splits
Disclaimer: Data was sourced from filings using AI and may occasionally contain errors. Data is split adjusted
In the money
potentially in play
out of play
Pending Offering
SHARE RESALE
This prospectus relates to the possible resale from time to time by the selling security holders named herein (the “Selling Securityholders” of up to 51,666,622 shares of our common stock, $0.0001 par value per share (the “Common Stock”), which consists of: a. Up to 3,893,680 shares of Company Common Stock issuable to Sri Sid LLC, pursuant to a Note Conversion Agreement dated as of September 12, 2024, by and between the Company and Sri Sid LLC;
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S-1
Warrants
July 2024 - Warrants
$11.50
$0.00
N/A
Convertibles
December 2024 - Convertible Promissory Note (1st Tranche of up to $25M)
$2.00
YA II PN, LTD.
The Investor shall advance to the Company the principal amount of the applicable tranche, less a discount equal to 8% of the principal amount of such tranche netted from the purchase price due and structured as an original issue discount.
ATM
Shelf
Equity Line
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