ConnectM receives Nasdaq deficiency notice for MVPHS below $15M threshold

ConnectM Technology Solutions, Inc.

Received Nasdaq notice on Dec 13, 2024 that MVPHS was below $15M for 33 consecutive business days.
Compliance period of 180 days, until June 11, 2025, to regain compliance.
Can regain compliance if MVPHS closes at $15M or more for 10 consecutive business days.
Failure to regain compliance may lead to delisting; company can appeal.
No immediate effect on listing or trading of common stock on Nasdaq.

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