ConnectM receives $1.60 per share buyout offer from 3 institutional investors

ConnectM (CNTM) Technology Solutions announced that it has received a non-binding proposal offering $1.60 per share in cash from its three largest institutional investors-SriSid LLC, Arumilli LLC, and Win-Light Global Co. Ltd.-to acquire all remaining outstanding shares of the company and transition ConnectM into a privately held entity. The offer, submitted on March 31, implies a total equity valuation of approximately $46.5M for ConnectM. SriSid LLC, Arumilli LLC, and Win-Light Global Co. Ltd. have been long-term investors in ConnectM, having initially invested in the company in 2020. In recent months, the investor group has significantly increased their ownership positions, reflecting a deepened commitment to the company’s strategic vision and long-term potential. The proposed transaction, if accepted, would result in the privatization of ConnectM and is subject to the completion of customary due diligence, definitive agreements, and regulatory approvals.