ConnectM (CNTM) Technology Solutions 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. SRISID LLC is a member of the investor group that initiated a buy-out offer on March 31 to acquire all remaining outstanding stock of ConnectM at a cash price of $1.60 per share.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNTM:
- ConnectM Terminates Forward Purchase Agreement
- ConnectM has retired an additional $9M of debt since March 31
- ConnectM shareholder Win-Light purchases almost 1.5M additional shares
- ConnectM confirms $62M increased implied EV with buy-out group
- ConnectM says Subrahmanyam Kota discloses ownership of 3.5% stake