ConnectM (CNTM) Technology Solutions announced that SRISID LLC, an institutional investor, has filed an additional Schedule 13G with the Securities and Exchange Commission, disclosing ownership of 7,553,664 shares, or approximately 15.1% of ConnectM’s outstanding common stock. SRISID LLC is a member of the investor group that initiated a buy-out offer on March 31 to acquire all remaining outstanding stock of ConnectM at a cash price of $1.60 per share.
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Read More on CNTM:
- ConnectM Terminates Forward Purchase Agreement
- ConnectM has retired an additional $9M of debt since March 31
- ConnectM shareholder Win-Light purchases almost 1.5M additional shares
- ConnectM confirms $62M increased implied EV with buy-out group
- ConnectM says Subrahmanyam Kota discloses ownership of 3.5% stake
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