SRISID LLC Increases Position to 7.55M Shares of ConnectM, Representing 15.1% of the Company's Outstanding Common Stock

▤ Summary

MARLBOROUGH, Mass., April 22, 2025 /PRNewswire/ -- ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) ("ConnectM" or the "Company"), a high-growth technology company on the leading edge of the energy economy, today announced that SRISID LLC, an institutional investor, has filed an additional Schedule 13G with the Securities and Exchange Commission, disclosing ownership of 7,553,664 shares, or approximately 15.1% of ConnectMs outstanding common stock.A Schedule 13G filing indicates a significant passive investment by institutional or qualified investors. SRISID LLC is a member of the investor group that initiated a buy-out offer on March 31, 2025 (the "Buy-Out Group") to acquire all remaining outstanding stock of ConnectM at a cash price of $1.60 per share.ConnectM is a constellation of companies powering next generation equipment, mobility and distributed energythus enabling a faster, smarter transition to a modern energy economy. In some cases, you can identify forward-looking 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 forward-looking 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 forward-looking statements. Such filing identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

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