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MARLBOROUGH, Mass., April 22, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today 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.
A Schedule 13G filing indicates a significant passive investment by institutional or qualified investors. SRISID LLC is a member of the investor group that initiated a buy-out offer on March 31, 2025 (the "Buy-Out Group") to acquire all remaining outstanding stock of ConnectM at a cash price of $1.60 per share.
Posted In: CNTM
