Jul. 2 at 10:46 AM
$CNTM Updated: May 19, 2025 Bhaskar Panigrahi leads the charge of ConnectM, which in August 24 was named the second-fastest growing company in Central Massachusetts and the 104th in the nation in Inc.
magazine's list of the 5,000 fastest-growing companies.
After receiving a delisting notice that the company had failed to meet the
$50-million market value required of listed securities on the Nasdaq stock market, ConnectM stated it planned to appeal before the Nasdaq panel. Almost exactly a month later, it was announced the company was considering a
$62-million buyout from three of its largest institutional investors. On April 15, ConnectM submitted a filing with the U.S. Securities and Exchange Commission stating that its third quarter report of 2024 could not be relied upon due to material errors. The company was delisted from the Nasdaq on May 8.