- SRISID LLC increases its stake in ConnectM (CNTM, Financial) to 15.1% through a significant passive investment.
- Buy-Out Group offers $1.60 per share for all remaining ConnectM shares.
- Schedule 13G filing highlights institutional investor confidence in ConnectM.
ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) has announced that institutional investor SRISID LLC has increased its ownership position to 7,553,664 shares, representing approximately 15.1% of the company's outstanding common stock. This development was disclosed in a new Schedule 13G filing with the Securities and Exchange Commission (SEC), indicating a significant passive investment by SRISID.
SRISID LLC is part of a Buy-Out Group that had previously submitted a proposal on March 31, 2025, to acquire all remaining shares of ConnectM at a cash price of $1.60 per share. This buyout offer highlights a clear exit opportunity for shareholders, consolidating investor confidence in the company's growth trajectory.
ConnectM Technology Solutions aims to revolutionize the energy sector by providing innovative solutions that enhance energy efficiency and operational performance. Leveraging cutting-edge technology, data analytics, and artificial intelligence, the company supports service providers and equipment manufacturers in reducing energy costs and carbon emissions.
