ConnectM Technology Solutions Faces Nasdaq Delisting due to Market Value Issue

MT Newswires Live

03-13

ConnectM Technology Solutions (CNTM) said late Wednesday it received a delisting notice from Nasdaq for failing to meet the $50 million market value of listed securities requirement.

The company said its securities would be suspended from trading on March 18, and a Form 25-NSE would be filed to remove its securities from Nasdaq if it does not appeal the decision by Friday.

ConnectM Technology Solutions said it plans to appeal the decision, temporarily delaying the suspension and delisting.

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