ConnectM board approves debt-to-equity conversion

ConnectM Technology Board of Directors has approved a debt equity swap to deleverage the balance sheet, converting up to $15 million of the Company’s outstanding debt to common equity at $2.00 per share. In addition to the Board’s approval of the debt-to-equity conversion, the Board approved a trading policy for the Company’s officers and directors, opening a window for share purchases by management, beginning today, August 28, 2024.