ConnectM Technology Solutions (CNTM) Announces $10M Share Buyback

ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) today announced that its Board of Directors has authorized a share repurchase program of up to $10 million or 10 million shares of its common stock, whichever is lower. This initiative underscores the Company's confidence in its financial strength, long-term growth strategy, and commitment to delivering value to shareholders.

The Company had approximately 34.1 million shares of common stock outstanding as of February 28, 2025.

At management's discretion, ConnectM may purchase common stock on the open market, through privately negotiated transactions, or by other means including through the use of trading plans intended to qualify under Rule 10b-18 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions. The timing and total amount of stock repurchases will be based on business performance, economic and market conditions, corporate and regulatory requirements, prevailing stock prices, and other strategic considerations. While the share repurchase program is authorized for 18 months, it may be suspended or discontinued at any time and does not obligate the Company to acquire any amount of common stock.

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