ConnectM Approved A Debt Equity Swap To Deleverage The Balance Sheet, Converting Up To $15M Of The Co's Outstanding Debt To Common Equity At $2.00 Per Share
ConnectM Approved A Debt Equity Swap To Deleverage The Balance Sheet, Converting Up To $15M Of The Co's Outstanding Debt To Common Equity At $2.00 Per Share
Opens Trading Window for Management
董事会开启管理层交易窗口
MARLBOROUGH, Mass., Aug. 28, 2024 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) ("ConnectM" or the "Company"), a technology company focused on the electrification economy, today announced that the Company's Board of Directors has approved a debt equity swap to deleverage the balance sheet, converting up to $15 million of the Company's outstanding debt to common equity at $2.00 per share. In addition to the Board's approval of the debt-to-equity conversion, the Board approved a trading policy for the Company's officers and directors, opening a window for share purchases by management, beginning today, August 28, 2024.
2024年8月28日马尔伯勒（美国麻州）（GLOBE NEWSWIRE）——Connectm科技解决方案公司（NASDAQ:CNTM）（以下简称"ConnectM"或"公司"）是一家专注于电气化经济的科技公司，今天宣布董事会已通过债务股本互换来减轻存货上的负债，以$2.00每股的价格将公司的高达$1500万美元的债务转换为普通股权。除了董事会对债务转股的批准外，董事会还批准了该公司的董事和高管的交易政策，从今天2024年8月28日开始开启管理层购股窗口。
