ConnectM announces proposed reverse stock split to support uplisting

ConnectM (CNTM) Technology Solutions Board of Directors has approved, and will be seeking stockholder approval for, an amendment to the Company’s Certificate of Incorporation to authorize a reverse split of the Company’s common stock at a ratio in the range of 1-for-5 to 1-for-50, with the exact ratio to be determined at a later date by the Board in its sole discretion.The Board previously obtained stockholder approval in April for a narrower 1-for-5 to 1-for-8 reverse split range, which was not implemented. In light of the planned uplisting now, the Board has determined to terminate that earlier authority and seek fresh approval for a broader 1-for-5 to 1-for-50 range that provides greater flexibility.