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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.