Industrial IoT
ConnectM Explores Dual Capital Raises: Accredited Investor Offering and Rights Offering Ahead of Planned National Exchange Uplisting
Company Engages Moody Capital SolutionsInc to Conduct TestingtheWaters Process and Evaluate Investor Demand for Potential Regulation A and Rule506cOfferings Potential Offerings MayInclude Common Stock DividendYielding Preferred StockWarrantsandor DividendYielding Convertible Preferred StockMARLBOROUGH Mass April 23 2026 GLOBE NEWSWIRE ConnectM Technology SolutionsInc OTC CNTM ConnectM or the Company a constellation of technologydriven businesses powering the modern energy economy today announced that it is exploring two potential capital raises ahead of a planned national exchange uplisting a private placement for accredited investors under Rule506cof Regulation D and a rights offering for existing shareholders under Regulation AThe Company has engagedMoody Capital SolutionsIncto conduct a coordinated testingthewaters process to gauge interest from both accredited investors and the Companys existing shareholder base Feedback from this process will inform the final structure terms and sizing of any potential offeringsContemplated DualTrack Strategy 1Accredited Investor Offering Rule506cA potential offering of securities directed exclusively toward accredited investorsutilizinggeneral solicitation aspermittedunder federal securities laws 2Rights Offering Regulation AA potential offering structured to provide existing shareholders with rights topurchaseadditionalsecurities of the Company together with customary oversubscription rights Strategic Capital AlignmentConnectM is evaluating a versatile security mix that may include common stock dividendyielding preferred stock warrants and dividendyielding convertible preferred stock Management believes this dualtrack structure offers a more capitalefficient and shareholderaligned alternative to conventional equity financing particularly as the Company works to bridge the current valuation gapBuilding on the transformational results of 2025 where we delivered record revenue of 358 million and grew gross profit by 93 we are committed to a disciplined dualtrack capital strategy designed to maximize longterm value for all stakeholders By integrating a Regulation A rights offering alongside an institutional private placement under Rule506c we are providing our existing shareholders with a proactive opportunity tomaintaintheir proportional interest while simultaneously attracting the strategic institutional backing necessary tofacilitateour NYSE American uplisting This balanced approachensureswe are wellcapitalized to fulfill our 2026 mandate of targeting 75 million in revenue and achieving positive EBITDA generation We have already done the hard part of rebuilding we are now scaling an AIpowered platform with over 130000 connected assets and clear valuation levers said Bhaskar PanigrahiChairmanand CEO of ConnectMAbout ConnectM Technology SolutionsIncConnectM is a constellation of technologydriven businesses powering the modern energy economy Through its Owned Service Network Managed Solutions Logistics and Transportation segments the Company delivers AIpowered electrification distributed energy lastmile delivery and industrial IoT solutions to customers worldwide For more information visit wwwconnectmcomAbout Keen LabsKeen Labs a wholly owned technology subsidiary of ConnectM develops the AI control and energy intelligence platforms that underpin the Companys solutions Keen Labs portfolio includes industrial IoT hardware the HiC line of hybrid energy storage systems the HiE line of Lithium Iron Phosphate long duration and VPP enabling storage systems smart heat pumps and connected vehicle technologies all integrated through its software platform to optimize performance across fleets facilities and distributed energy assets For more information visitwwwkeenlabsaiAbout Moody Capital SolutionsIncMoody Capital SolutionsInc is a relationshipdriven investment bank providing hightouch advisory services and disciplined transaction execution The firm cultivates and activelymaintainsdeep relationships across a broad network of institutional investors toptier law firms and investor relations specialistsconnections that support efficient dealstructuringand seamless closingsAt Moody Capital each client engagement is led directly by senior bankers from strategy through closing the firm does not delegate core execution responsibilities to junior staff Moody Capitals senior bankers collectively bring more than 150 years of investment banking experience including tenures at many of the leading largecap and smallcap investment banks in the United States For more information please visit wwwmoodycapitalcomTestingtheWaters DisclosureThis press release relates to potential proposed offerings of securities byConnectM Technology SolutionsInc ConnectMthat have not yetcommenced ConnectM may use a testingthewaters process to gauge potential investor interest in a contemplatedRegulation Arights offering and a concurrent private placement underRule506cin accordance withapplicable securities lawsRegardingthe potentialrightsoffering ConnectM is testing the waters under Regulation A of the Securities Act of 1933 No money or other consideration is beingsolicited and if sent in responsewillnot be accepted No offer to buy the securities can be accepted and no part of the purchase price can be received until an offering statement on Form1A is filed with the SEC and qualified by the SEC Any such offer may be withdrawn or revoked without obligation or commitment of any kind at any time before notice of its acceptance given after the qualification dateAn indicationof interest involves no obligation or commitment of any kindAny potential offering underRule506cwill be made only toaccredited investorsas defined in Rule501 of Regulation DIn accordance withRule506c all prospective investors will berequiredto undergo a formal verification process to confirm their status as accredited investors before any securities may bepurchased These securities will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirementsThis press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall any sale of securities be made in any jurisdiction in which such offer solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdictionMoody Capital SolutionsIncis the investment bank engaged by ConnectM to conduct this testingthewaters process and evaluate investor demand from eligible participantsCautionary Note Regarding ForwardLooking StatementsThis press releasecontainsforwardlooking statements within the meaning of Section27A of the Securities Act and Section21E of the Securities Exchange Act of 1934 as amended the Exchange Act We have based these forwardlooking statements on our current expectations and projections about future events All statements other than statements of present or historical fact included in this press releaseregardingour future financial performance and our strategy expansion plans future operations future operating results estimated revenues losses projected costs prospectsplansandobjectivesof management are forwardlooking statements In some cases you can identify forwardlooking statements by terminology such as may should could would expect plan anticipate intend believe estimate continue project or the negative of such terms or other similar expressions These forwardlooking statements are subject to known and unknown risksuncertaintiesand assumptions about us that may cause our actual results levels of activityperformanceor achievements to be materially different from any future results levels of activity performance or achievements expressed or implied by such forwardlooking statements Except as otherwise required by applicable law wedisclaimany duty to update any forwardlooking statements all of which are expressly qualified by the statements in this section to reflect events or circumstances after the date of this press release We caution you that the forwardlooking statementscontainedhereinare subject tonumerousrisks and uncertainties most of which are difficult to predict and many of which are beyond our control In addition we caution you that the forwardlooking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the Cautionary Note Regarding ForwardLooking Statements section of our Annual Report on Form10K and our Quarterly Reports on Form10Q that we file with the Securities and Exchange Commission Such filingsidentifyand address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forwardlooking statements Forwardlooking statements speak only as of the date they are made Readers are cautioned not to put undue reliance on forwardlooking statements and ConnectM is under no obligation to update or revise these forwardlooking statements whetheras a result ofnew information future events or otherwiseInvestor RelationsConnectM Technology SolutionsInc16173951333irprconnectmcomVisit us on social mediaLinkedInReddit
ConnectM Delivers 93% Gross Profit Growth in Transformational Fiscal Year 2025; Targets $75 Million Revenue and Positive EBITDA for Fiscal Year 2026
Achieves 254 Million Stockholders Equity Turnaround Advances National Exchange Uplisting and Launches Keen Labs AI Platform with 130000 Connected AssetsMARLBOROUGH Mass April 17 2026 GLOBE NEWSWIRE ConnectM Technology Solutions Inc OTC CNTMConnectM or the Company a highgrowth technology company powering the modern energy economy today announcedfinancial results for the fiscal year ended December 31 2025 Fiscal Year 2025 Key Highlights Record revenue 358 million a 58 increase from 227 million in fiscal year 2024Gross profit inflection 115 million a 93 increase yearoveryear gross margin expanded to 32 from 26Margin Expansion Gross margin expanded 570 basis points to 32 driven by a highermargin software and service mixBalance Sheet Turnaround Improved stockholders equity by 254 million shifting from a 238 million deficit to a positive 16 millionTotal assets growth 183 to 362 million from 128 millionOperational Efficiency Net loss improved 29 to 161 million reflecting disciplined SGampA management and portfolio rationalization Strategic amp AI Catalysts Keen Labs AI Launch Formed a wholly owned subsidiary processing 30GB of daily operational data from 130000 connected assets to power predictive maintenance and Virtual Power Plant VPP modelsNational Exchange Uplisting Filed an S1 registration statement for a firm commitment public offering with ThinkEquity as sole bookrunner a key step in unlocking institutional liquidityBattery IP Acquisition Completed the purchase of Amperics acquiring HiC defensedata centers and HiE residential VPP battery technologyPortfolio Rationalization Divested three lowermargin home service businesses ATS SESB GEG to concentrate resources on highmultiple AI and infrastructure segments Management Commentary Fiscal year 2025 was a transformational year for ConnectM said Bhaskar Panigrahi Chairman and CEO We delivered 58 revenue growth nearly doubled our gross profit and executed a 254 million stockholders equity turnaround all while completing strategic acquisitions launching Keen Labs as our AI innovation engine and filing our S1 for a national exchange uplisting The SPAC overhang is behind us Capital is now a growth tool not a survival tool With our HiC and HiE battery technology our 130000 connected asset network and our expanding energy intelligence platform ConnectM is positioned at the intersection of electrification artificial intelligence and energy storage three of the highestgrowth sectors in the market today We are actively streamlining our portfolio to concentrate on our highestmargin highestmultiple business lines which we expect to drive meaningful SGampA improvement and accelerate our path to profitability We are targeting 75 million revenue and positive EBITDA generation for fiscal 2026 added Panigrahi Fiscal Year 2025 Financial Summary in thousands except per share data FY2025FY2024ChangeRevenue358372265358Cost of Revenue243711670646Gross Profit11466594793Gross Margin320263570bpsSGampA Expenses235031514555Loss from Operations12586116029Total Other Expense Net34881090668Net Loss160582250829Net Loss per Share Basic02211881 Balance Sheet Highlights Dec 31 2025Dec 31 2024Total Assets3617012757Total Liabilities3459536543Stockholders Equity Deficit157523787Cash29042408Shares Outstanding15325534529093289 Revenue by Segment SegmentFY2025FY2024 of RevOwned Service Network179081005050Logistics12034468034Managed Solutions312658589Transportation206620656Distributed Energy amp Renewables7032Total Revenue3583722653100 Fiscal Year 2026 Outlook For fiscal year 2026 ConnectM has a mandate to achieve and sustain profitability Growth is expected to be driven by Organic Expansion Fullyear contributions from 2025 acquisitionIndia Platform Value Leveraging the 76acre Geo Impex logistics and data center campus which provides significant hardasset backing to the valuationSegment Rationalization Continued focus on highestmargin highestmultiple business lines to accelerate the path to positive EBITDA About ConnectM Technology Solutions IncConnectM is a constellation of technologydriven businesses powering the modern energy economy The Company delivers AIpowered electrification distributed energy energy storage lastmile delivery and industrial IoT solutions to customers worldwide through its operating subsidiaries and its Keen Labs technology platform For more information visit wwwconnectmcom About Keen LabsKeen Labs a wholly owned technology subsidiary of ConnectM develops the AI control and energy intelligence platforms that underpin the Companys solutions Keen Labs portfolio includes industrial IoT hardware the HiC line of hybrid energy storage systems the HiEline of Lithium Iron Phosphate long duration and VPP enabling storage systems smart heat pumps and connected vehicle technologies all integrated through its software platform to optimize performance across fleets facilities and distributed energy assets For more information visitwwwkeenlabsai Cautionary Note Regarding ForwardLooking StatementsThis press release contains forwardlooking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934 as amended the Exchange Act We have based these forwardlooking statements on our current expectations and projections about future events All statements other than statements of present or historical fact included in this press release regarding our future financial performance and our strategy expansion plans future operations future operating results estimated revenues losses projected costs prospects plans and objectives of management are forwardlooking statements In some cases you can identify forwardlooking statements by terminology such as may should could would expect plan anticipate intend believe estimate continue project or the negative of such terms or other similar expressions These forwardlooking statements are subject to known and unknown risks uncertainties and assumptions about us that may cause our actual results levels of activity performance or achievements to be materially different from any future results levels of activity performance or achievements expressed or implied by such forwardlooking statements Except as otherwise required by applicable law we disclaim any duty to update any forwardlooking statements all of which are expressly qualified by the statements in this section to reflect events or circumstances after the date of this press release We caution you that the forwardlooking statements contained herein are subject to numerous risks and uncertainties most of which are difficult to predict and many of which are beyond our control In addition we caution you that the forwardlooking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the Cautionary Note Regarding ForwardLooking Statements section of our Annual Report on Form 10K and our Quarterly Reports on Form 10Q that we file with the Securities and Exchange Commission Such filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forwardlooking statements Forwardlooking statements speak only as of the date they are made Readers are cautioned not to put undue reliance on forwardlooking statements and ConnectM is under no obligation to update or revise these forwardlooking statements whether as a result of new information future events or otherwise Investor RelationsConnectM Technology Solutions Inc1 6173951333irprconnectmcom Visit us on social mediaLinkedInReddit
GlobalFoundries and Renesas Expand Partnership to Accelerate U.S. Semiconductor Manufacturing
Multibilliondollar collaboration strengthens supply chain resiliency and supports growing demand for chips powering smart vehicles and nextgeneration industrial systemsMALTA NY and TOKYO Feb 16 2026 GLOBE NEWSWIRE GlobalFoundries Nasdaq GFS GF and Renesas Electronics Corporation TSE 6723 Renesas today announced an expanded strategic collaboration through a multibilliondollar manufacturing partnership that broadens Renesas access to GF technologies including its differentiated technology platforms This agreement reflects a shared commitment to secure resilient supply chains and aligns with US priorities to strengthen domestic semiconductor production for economic and national security As vehicles become more intelligent and electrified and factories more automated the chips inside them are doing far more than basic processing they enable radar for advanced driver assistance manage battery systems in electric vehicles and power for secure connectivity for industrial IoT Reliable semiconductor supply is missioncritical for these applications and GFs globally distributed manufacturing footprintspanning the US Europe and Asiaprovides customers with flexibility and supply assurance to meet these challenges Under this partnership Renesas will gain further access to GFs technology portfolio including FDX FDSOI BCD and featurerich CMOS technologies with nonvolatile memory features to support its SoCs power devices and MCUs Tapeouts under this expanded collaboration are on track to begin in mid2026 This expanded partnership starting with manufacturing in the US and extending to facilities across GFs global footprint including in Germany and Singapore as well as through GFs manufacturing partnership in China will help Renesas address the growing demand and requirements of customers developing increasingly advanced systems and products Renesas and GF are also considering the option of porting select GF process technologies into Renesas inhouse fabs in Japan to further enhance manufacturing resilience and support future capacity needs This partnership strengthens a proven relationship and underscores GFs role as a trusted partner for essential semiconductor technologies said Tim Breen CEO of GlobalFoundries The automotive landscape is changing fast Semiconductors are now the foundation of innovation powering advanced driver assistance battery management and secure connectivity These systems demand performance and efficiency under extreme conditions and GFs differentiated platforms are built for that Were focused on delivering what matters most reliable supply and the technologies that enable the vehicles of tomorrow This initiative is part of a broader effort to onshore essential chip technologies and reinforce US leadership in semiconductor manufacturing while providing Renesas and its customers with secure localized production options With the expanded partnership with Renesas GF now manufactures semiconductors used by the top three automotive MCU manufacturers globally Access to a broader range of GF technologies gives us the flexibility and supply assurance our customers need said Hidetoshi Shibata CEO of Renesas This expanded partnership enables a stable longterm supply of semiconductors while ensuring the highest quality and reliability for our products These capabilities are essential as we deliver advanced solutions with demand for electrification and connectivity and the rapidly growing compute requirements driven by AI applications accelerating worldwide This expanded collaboration comes as the automotive industry accelerates toward softwaredefined vehicles electrification and advanced safety systemsall of which depend on a secure and resilient semiconductor supply chain About GF GlobalFoundries GF is a leading manufacturer of essential semiconductors the world relies on to live work and connect We innovate and partner with customers to deliver more powerefficient highperformance products for the automotive smart mobile devices internet of things communicationsinfrastructureand other highgrowth markets With our global manufacturing footprint spanning the US Europe and Asia GF is a trusted and reliable source for customers around the world Every day our talented global team delivers results with an unwaveringfocus on securitylongevityand sustainabilityFor more information visitwwwgfcom About Renesas Electronics Corporation Renesas Electronics Corporation TSE 6723 empowers a safer smarter and more sustainable future where technology helps make our lives easier A leading global provider of microcontrollers Renesas combines our expertise in embedded processing analog power and connectivity to deliver complete semiconductor solutions These Winning Combinations accelerate time to market for automotive industrial infrastructure and IoT applications enabling billions of connected intelligent devices that enhance the way people work and live Learn more at renesascom Follow us on LinkedIn Facebook X YouTube and Instagram Forwardlooking information This news release maycontainforwardlooking statements which involve risks and uncertainties Readers are cautioned not to place undue reliance on any of these forwardlooking statements These forwardlooking statements speak only as of the date hereof GF undertakes no obligation to update any of these forwardlooking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes unless required by law Contacts Kenneth CraigGlobalFoundriesKennethCraigGFcom Hideharu FujimoriRenesas Electronics Corporationprrenesascom
ConnectM Expands Greentech Renewables Heat Pump Relationship With Additional $865,000 Order; Cumulative Commitments Now Exceed $2.6 Million
MARLBOROUGH Mass Jan 27 2026 GLOBE NEWSWIRE ConnectM Technology Solutions Inc OTC CNTM ConnectM or the Company today announced that Greentech Renewables has placed an additional 865000 purchase order for Keen highefficiency heat pumps and related smart controls The new order increases the parties cumulative commitments to approximately 26 million inclusive of the 17 million initial purchase order previously announced on November 10 2025 The additional order was placed through Greentech Renewables New Hampshire and includes ConnectMs industry leading indooroutdoor hyperheat units multizone outdoor units thermostats and electric heat kits Contractors across New Hampshire and the broader region are increasingly being asked for highefficiency allelectric comfort solutions and they want products they can source reliably with the right technical and logistics support said John Gribbin General Manager Greentech Renewables New Hampshire Keen Heat Pumps complement the solar storage and electrical work our contractors already do This followon order reflects continued demand and our focus on helping contractors execute electrification projects efficiently This followon order reinforces our view that distributionled scale is a key lever for expanding adoption of our Keen Heat Pumps said John Pitcavage President of Home amp Building Electrification at ConnectM Greentechs contractor network and regional footprint make it an important channel as we broaden access to highefficiency heat pump solutions About ConnectM Technology Solutions Inc ConnectM is a constellation of technologydriven businesses powering the modern energy economy Through its Owned Service Network Managed Solutions Logistics and Transportation segments the Company delivers AIpowered electrification distributed energy lastmile delivery and industrial IoT solutions to customers worldwide For more information visit wwwconnectmcom About Greentech Renewables Greentech Renewables is a leading US distributor of solar and electrical products providing contractors with logistics warehouse support design services and project financing across more than 100 locations nationwide Cautionary Note Regarding ForwardLooking Statements This press release contains forwardlooking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934 as amended the Exchange Act We have based these forwardlooking statements on our current expectations and projections about future events All statements other than statements of present or historical fact included in this press release regarding our future financial performance and our strategy expansion plans future operations future operating results estimated revenues losses projected costs prospects plans and objectives of management are forwardlooking statements In some cases you can identify forwardlooking statements by terminology such as may should could would expect plan anticipate intend believe estimate continue project or the negative of such terms or other similar expressions These forwardlooking statements are subject to known and unknown risks uncertainties and assumptions about us that may cause our actual results levels of activity performance or achievements to be materially different from any future results levels of activity performance or achievements expressed or implied by such forwardlooking statements Except as otherwise required by applicable law we disclaim any duty to update any forwardlooking statements all of which are expressly qualified by the statements in this section to reflect events or circumstances after the date of this press release We caution you that the forwardlooking statements contained herein are subject to numerous risks and uncertainties most of which are difficult to predict and many of which are beyond our control In addition we caution you that the forwardlooking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the Cautionary Note Regarding ForwardLooking Statements section of our Annual Report on Form 10K and our Quarterly Reports on Form 10Q that we file with the Securities and Exchange Commission Such filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forwardlooking statements Forwardlooking statements speak only as of the date they are made Readers are cautioned not to put undue reliance on forwardlooking statements and ConnectM is under no obligation to update or revise these forwardlooking statements whether as a result of new information future events or otherwise Investor Relationsirprconnectmcom6173951333 Visit us on social mediaLinkedInReddit