Win-Light Global increases stake in ConnectM ahead of buyout

MARLBOROUGH, Mass. - ConnectM Technology Solutions, Inc. (NASDAQ: CNTM), a company at the forefront of the energy economy currently trading at $0.59 per share, reported today that Win-Light Global Co. Ltd., a principal shareholder, has purchased an additional 1,479,890 shares of ConnectM’s common stock.

This acquisition by Win-Light, part of a buy-out group that includes SriSid LLC and Arumilli LLC, ups their collective holdings to 9,490,496 shares, marking an 18.5% increase from the 8,010,496 shares originally reported in their March 31, 2025 buy-out offer. The group’s stake now accounts for 24.5% of ConnectM’s shares outstanding.

The buy-out group’s offer, detailed in their initial proposal, aims to purchase all remaining outstanding shares of ConnectM at $1.60 per share in cash. With ConnectM’s current total of 38.76 million shares, the offer values the company at approximately $62 million.

As the proposal is still under consideration, ConnectM’s Board of Directors, with guidance from financial advisor ThinkEquity, is evaluating the buyout to secure the best interest of all shareholders.

ConnectM is recognized for its Energy Intelligence Network platform, which is designed to enhance energy efficiency and operational performance for service providers and manufacturers, while also promoting sustainable innovation.

The information in this article is based on a press release statement from ConnectM Technology Solutions, Inc.

In other recent news, ConnectM Technology Solutions, Inc. announced the need to revise its financial statements for the quarter ended September 30, 2024, due to several material errors. These errors included incorrect accounting for note conversion agreements and misclassification of certain financial elements, leading to an overstatement of net loss and other inaccuracies. The company plans to amend its financial reports, and investors are advised not to rely on the current statements until corrections are made. Additionally, ConnectM is in discussions with an investor group regarding a buy-out offer, which now values the company at approximately $62.02 million following an updated share count. Despite this revision, the investor group intends to maintain its proposed purchase price of $1.60 per share. Furthermore, the Subrahmanyam Kota IRRV Trust has acquired a 3.5% stake in ConnectM, increasing institutional ownership to nearly half of the company’s outstanding shares. ConnectM also faces potential delisting from the Nasdaq Global Market due to its stock trading below the minimum bid price requirement, with a compliance deadline set for September 23, 2025. The company is exploring options to address this issue and maintain its listing status.

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