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Stock impact report

ConnectM Delivers on Turnaround Plan: Back to OTCQB and Aiming for National Exchange Uplisting

CONNECTM TECH SLTNS INC (CNTM) 
Company Research Source: GlobeNewswire
MARLBOROUGH, Mass., Dec. 01, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM” or the “Company”), a constellation of technology-driven businesses powering the modern energy economy, today provides an update on its capital markets turnaround since its Nasdaq delisting in May 2025 and announces that it has engaged ThinkEquity LLC as its investment bank to advise on an anticipated uplisting to a major U.S. exchange. Management believes investor appetite for companies enabling AI hyperscalers, battery power, energy storage and backup power solutions remains strong and that its Keen Labs subsidiary gives ConnectM focused exposure to these trends. From De-SPAC Stress to OTCQB Where we were After its de-SPAC combination in July 2024, ConnectM: Saw its stock fall from $10 to roughly $1 per share as more than 99% of SPAC shares were redeemedFaced an initial stockholders’ deficit of approximately $50 million and a limited public floatLost its Nasdaq list Show less Read more
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