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
爲管理層打開交易窗口
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.
馬薩諸塞州馬爾伯勒，2024年8月28日（GLOBE NEWSWIRE）——專注於電氣化經濟的科技公司Connectm Technology Solutions, Inc.（納斯達克股票代碼：CNTM）（「ConnectM」 或 「公司」）今天宣佈，公司董事會已批准一項債務權益互換，以去槓桿化資產負債表，將公司高達1500萬美元的未償債務轉換爲普通股每股2.00美元。除了董事會批准債轉股外，董事會還批准了公司高管和董事的交易政策，爲管理層從今天（2024年8月28日開始）購買股票打開了窗口。
