ConnectM to evaluate $46.5M buy-out offer

ConnectM (CNTM) has received a non-binding proposal offering $1.60 per share in cash from its three largest institutional investors-SriSid, Arumilli, and Win-Light Global – to acquire all remaining outstanding shares of the company and transition ConnectM into a privately held entity, implying a $46.5M equity valuation. The ConnectM Board of Directors and management team are actively reviewing this proposal and have initiated a search for a investment banking firm to provide expert guidance in evaluating this buy-out offer. 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.