ConnectM Technology Solutions, Inc. announced that its Board of Directors has approved a debt equity swap to improve the company's financial position by converting up to $15 million of outstanding debt into common equity at $2.00 per share. Additionally, a new trading policy for the company’s officers and directors has been implemented, allowing them to purchase shares starting from August 28, 2024.
Names mentioned: - ConnectM Technology Solutions, Inc. - Bhaskar Panigrahi (Chief Executive Officer)