Monterey Capital Acquisition Receives Notice of Delayed Filing from Nasdaq – ConnectM Technology Solutions, Inc. Faces Compliance Issue

Monterey Capital Acquisition, operating as ConnectM Technology Solutions, Inc., recently announced that it received a notice from Nasdaq indicating a delay in the filing of its Quarterly Report on Form 10-Q for the period ended September 30, 2024. The company was informed by Nasdaq’s Listing Qualifications Department that its failure to file the required periodic financial reports with the SEC leads to non-compliance with Nasdaq Listing Rule 5250(c)(1).

Although the notice has no immediate impact on the listing of ConnectM’s shares on Nasdaq, failure to promptly regain compliance may result in the delisting of the company’s securities from the exchange. ConnectM has until February 4, 2025, to submit a plan to meet Nasdaq’s requirements. If Nasdaq approves the plan, the company may receive an extension of up to 180 calendar days from the due date of the Quarterly Report, giving it until May 19, 2025, to rectify the situation.

Should Nasdaq reject the proposed plan, ConnectM will have the opportunity to appeal this decision to a Nasdaq Hearings Panel. ConnectM issued a press release on December 12, 2024, to inform stakeholders about the notice from Nasdaq as part of its compliance with Nasdaq Listing Rule 5810(b, which mandates the immediate disclosure of any deficiency notification.

ConnectM Technology Solutions, Inc., is focused on advancing the electrification economy by integrating electrified energy assets with its AI-powered technology solutions platform. The Company’s Energy Intelligence Network platform aims to accelerate the transition to all-electric heating, cooling, and transportation for residential, commercial, and original equipment manufacturing purposes.

For further details about ConnectM Technology Solutions, Inc., and its efforts in promoting electrification, please visit their official website at https://www.connectm.com/.

Note: This news article is based on the 8-K SEC Filing submitted by Monterey Capital Acquisition, operating as ConnectM Technology Solutions, Inc., regarding the notice of delayed filing received from Nasdaq.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Monterey Capital Acquisition’s 8K filing here.

About Monterey Capital Acquisition

Monterey Capital Acquisition Corporation does not have significant operations. It focuses on acquiring, merging with, engaging in capital stock exchange with, purchasing all or substantially all of the assets of, engaging in contractual arrangements, or engaging in any other similar business combination with a single operating entity, or one or more related or unrelated operating entities operating in any sector.