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ConnectM Technology Solutions (CNTM) just unveiled an announcement.
ConnectM Technology Solutions, Inc. has announced a strategic move to strengthen its financial standing by approving a debt equity swap that will convert up to $15 million of debt into common equity at a price of $2.00 per share. This step aims to reduce the company’s leverage and improve its balance sheet. Additionally, the company’s leadership now has the green light to invest in company shares, signaling confidence in the firm’s future prospects.
For detailed information about CNTM stock, go to TipRanks’ Stock Analysis page.