ConnectM Technology Solutions (CNTM, Financial) has recently been notified by Nasdaq regarding two compliance issues affecting its continued listing on the exchange. On April 17, 2025, the company received a notice indicating that it failed to meet the Securities and Exchange Commission (SEC) periodic reporting requirements. Specifically, ConnectM did not file its Annual Report on Form 10-K for the fiscal year ending December 31, 2024, by the necessary deadline, thereby violating Nasdaq Listing Rule 5250(c)(1).
This is not the first compliance issue ConnectM has faced. Previously, on September 4, 2024, Nasdaq warned the company about failing to maintain the required $50 million market value of listed securities (MVLS). According to Nasdaq Listing Rule 5450(b)(2)(A), ConnectM's MVLS fell short over a 30-day consecutive business period, jeopardizing its position on the Nasdaq Global Market.
As a result of this earlier issue, ConnectM was given a 180-day grace period ending on March 3, 2025, to rectify its market value deficiency. The resolution of these compliance matters will be crucial for ConnectM to maintain its standing on the stock exchange.
