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News  ›  GlobeNewswire Inc.

ConnectM Announces Proposed Reverse Stock Split to Support Planned Uplisting to a National Exchange

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
ConnectM Announces Proposed Reverse Stock Split to Support Planned Uplisting to a National Exchange

ConnectM Technology Solutions announced that its Board of Directors has approved and will seek stockholder approval for a reverse stock split in the range of 1-for-5 to 1-for-50. The company aims to support its strategy for uplisting to a U.S. national securities exchange, increase corporate visibility, and broaden investor access. The Board previously obtained approval for a narrower 1-for-5 to 1-for-8 range in April 2025, which was not implemented.

Insights
CNTM   positive

The company is taking proactive steps to strengthen its market position through a reverse stock split to support uplisting plans, which demonstrates confidence in future growth. The announcement highlights recent achievements including balance sheet strengthening, capital structure simplification, and strategic acquisitions (Amperics and Geo Impex). The CEO's statements emphasize execution focus on revenue growth and margin improvement, indicating positive momentum and strategic direction.