Win-Light Global takes 6.9% stake in ConnectM

Published 14/03/2025, 18:06
Win-Light Global takes 6.9% stake in ConnectM

MARLBOROUGH, Mass. - ConnectM Technology Solutions, Inc. (NASDAQ:CNTM), a company specializing in electrified equipment and energy solutions, disclosed today that Win-Light Global Co. Ltd. has acquired a significant shareholding. The institutional investor reported ownership of roughly 1,995,126 shares, or about 6.9% of ConnectM’s outstanding common stock, through a Schedule 13G filed with the SEC. The investment comes as ConnectM, currently valued at $14.55 million, has seen its stock surge over 13% in the past week, though it remains significantly below its 52-week high of $12.47.

A Schedule 13G is a regulatory filing that signifies a sizable passive investment by institutional or qualified investors. Win-Light Global’s stake in ConnectM is seen as a vote of confidence in the company’s strategic direction and its potential for future growth.

ConnectM is at the forefront of the electrification economy, providing an Energy Intelligence Network platform to assist service providers and manufacturers in transitioning to all-electric heating, cooling, and transportation. By incorporating technology, data, artificial intelligence, and behavioral economics, the company strives to reduce energy costs and carbon emissions on a global scale.

The news of Win-Light Global’s investment comes amid ConnectM’s efforts to expand and innovate within the energy sector. The company’s forward-looking statements indicate plans for further development and operational advancements, although they are subject to various risks and uncertainties that could affect actual results.

Investors and stakeholders are reminded that forward-looking statements are based on current expectations and projections, and actual outcomes may differ materially due to numerous factors. ConnectM emphasizes that it does not undertake any obligation to update or revise these statements in light of new information or future events.

This announcement is based on a press release statement from ConnectM Technology Solutions, Inc. and provides an overview of the recent investment by Win-Light Global Co. Ltd. in the company.

In other recent news, ConnectM Technology Solutions, Inc. reported a 200% year-over-year increase in revenue for its EV Solutions segment, driven by the growing adoption of its technology by major automotive OEMs. The company has secured partnerships with nine new OEMs, including VST Tractors and Force Motors, and continues to work with existing clients like Volvo Eicher and Ashok Leyland. ConnectM’s Energy Intelligence Network now supports over 25,000 electric vehicles, contributing to a rise in recurring subscription revenue. Additionally, the company announced a $10 million stock buyback program, reflecting its confidence in financial stability and commitment to shareholder value.

ConnectM is also facing a delisting threat from Nasdaq for not meeting the $50 million minimum market value requirement, with a suspension expected if no appeal is filed. In another development, ConnectM has reduced its debt by $1.9 million, bringing total liabilities down by $31 million, and aims to be debt-free by Q2 2025. The company has doubled its EV order volume and added four new OEM partners, projecting 50,000 connected EVs for 2025. CEO Bhaskar Panigrahi expressed optimism about the company’s growth trajectory and potential for long-term profitability.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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