ConnectM receives Nasdaq delisting notice for MVLS non-compliance; intends to appeal

ConnectM Technology Solutions, Inc.

On March 7, 2025, Nasdaq notified ConnectM it failed to regain compliance with the $50M MVLS requirement for continued listing on The Nasdaq Global Market.
Unless an appeal is requested by March 14, 2025, trading of CNTM common stock will be suspended at the open on March 18, 2025.
The Company intends to timely request a hearing before the Nasdaq Hearings Panel, which would stay the suspension pending a decision.
The deficiency was initially disclosed on September 4, 2024, with a 180-day grace period expiring March 3, 2025.

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