Arumilli discloses 7.4% passive stake in ConnectM

ConnectM (CNTM) Technology Solutions reported that Arumilli, an institutional investor, has filed a Schedule 13G with the SEC, disclosing ownership of 2,121,800 shares, or approximately 7.4% of ConnectM’s outstanding common stock. A Schedule 13G filing indicates a significant passive investment by institutional or qualified investors. Arumilli’s investment represents a meaningful ownership stake in ConnectM, reflecting confidence in the company’s strategic direction and future prospects. With Arumilli’s investment, total institutional ownership in ConnectM now stands at 33% of the company’s outstanding shares.