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ConnectM Provides Update from CEO

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1 year ago

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MARLBOROUGH, Mass., May 9, 2025 /PRNewswire/ — ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM” or the “Company”), a high-growth technology company on the leading edge of the energy economy, today issued the following letter to shareholders:

Dear ConnectM Community, 

As promised, I would like to provide some more details on my team’s plan to regain compliance and re-list on Nasdaq. 

First, I want to reiterate that ConnectM’s fundamentals have not changed. Our operations and growth prospects are as strong as ever. We have several appealing capital raise, organic, and inorganic growth options available to us, and management will prudently evaluate these options in the best interest of our stockholders. I believe the future remains bright for ConnectM and our intrinsic value is well above our current market price and would like to outline a plan in a bit more detail.

As mentioned in yesterday’s release, to provide immediate liquidity to our stockholders, we have already down-listed to the OTC Pink Open Market and our stock can be traded through certain brokerage accounts, including Charles Schwab, Fidelity, E*Trade, and Interactive Brokers. Some of these platforms require user approval for OTC trading and users may need to adjust account settings and risk profiles so please check with your broker if you would like to trade our stock. 

Our team is currently laser focused on the filing of our Annual Report on Form 10-K, for the year ended December 31, 2024, followed by our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025.  Due to the growing nature of our business and the sophistication of some of our derivative financial instruments, the complexity of these reports has increased exponentially since 2023—as reflected by the 10X more hours our team has spent compiling them. Unfortunately, this has led to delays, but we believe we have put in the requisite controls and processes in place to file timely going forward. 

In parallel with the filing of our 10-K, management is evaluating all available options including applying to uplist from OTC Pink to a higher OTC exchange tier, whose listing rules require current reporting status. Trading on a higher OTC tier indicates to the market that the Company meets reporting standards and baseline governance. Unlike OTC Pink companies, higher tier OTC companies must remain current in their disclosures, thereby improving credibility and investor confidence. In parallel with an OTC uplisting, we intend to re- file our re-sale S-1 and continue to work with our investment bank and capital market advisor, ThinkEquity, on a capital raise plan to bring fresh growth capital into ConnectM. 

In conjunction with a capital raise process, our team will evaluate an IPO or uplisting back to Nasdaq or NYSE as soon as possible under the exchange listing rules. 

We are confident this process will result in a stronger, more resilient ConnectM. My management team and I want to reiterate our commitment to the company, our employees, our stockholders, and our community. ConnectM is a viable, strong, growing company and we will demonstrate this in due course. 

Please don’t hesitate to reach out with your questions via our contact information below: 

CNTM@redchip.com  

1-407-644-4256   

Sincerely Yours, 

Bhaskar Panigrahi 

About ConnectM Technology Solutions, Inc.

ConnectM is a constellation of companies powering the next generation of electrified equipment, mobility, and distributed energy—thus enabling a faster, smarter transition to a modern energy economy. The Company provides residential and light commercial service providers and original equipment manufacturers with a proprietary Energy Intelligence Network platform to accelerate the transition to all-electric heating, cooling, and transportation. Leveraging technology, data, artificial intelligence, and behavioral economics, ConnectM aims to lower energy costs and reduce carbon emissions globally.

For more information, please visit: https://www.connectm.com/

Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “continue,” “project” or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the “Cautionary Note Regarding Forward-Looking Statements” section of the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 18, 2024. Such filing identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ConnectM is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. 

Contact:

Investor Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com

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SOURCE ConnectM Technology Solutions, Inc.

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2026 Beijing International Week for Science Literacy Launched in Beijing

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3 hours ago

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September 27, 2026

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BEIJING, Sept. 27, 2026 /PRNewswire/ — The 2026 Beijing International Week for Science Literacy opened at the Beijing Science Center, running from September 22 to 26. Representatives of international organizations, universities, science museums and centers, and science communication institutions from 11 countries gathered in Beijing. Focusing on science communication and science education, they exchanged views on issues of shared interest, strengthened platforms for international cooperation, promoted exchanges and mutual learning in science and culture between China and other countries, and advanced the sharing of high-quality science education resources and practical collaboration.

At the opening ceremony, Li Xin, Executive Vice President of the Beijing Association for Science and Technology (BAST), delivered welcome remarks on behalf of the organizer. Shahbaz Khan, Director of the UNESCO Regional Office for East Asia; Guo Zhe, Executive Vice President of the Chinese Association of Natural Science Museums and Director of the China Science and Technology Museum; and other guests attended and delivered remarks. Su Guomin, Vice President of BAST and Secretary-General of the Beijing Global Network of Science Festivals, presented certificates to new members of the Network. The Beijing Science Center also signed letters of intent for cooperation with the National Science Museum, Thailand(NSM) and the Kotsanas Museum of Ancient Greek Technology (Greece), respectively, taking international cooperation beyond exchanges and mutual visits toward the joint development of science education, exhibitions, and other programs.

During the week, the Science Education Exhibition Area showcased distinctive science education resources and science-and-technology-themed cultural and creative products from several countries, supported by interactive educational activities. A Capacity Building Workshop focused on science communication and human connections in the age of AI, using thematic presentations and practice-based exchange to strengthen the professional capabilities of science communication practitioners.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/2026-beijing-international-week-for-science-literacy-launched-in-beijing-302890820.html

SOURCE Beijing Science Center (BJSC)

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MEDIMPACT DATA BREACH: Edelson Lechtzin LLP Launches Investigation Into Exposure of Social Security Numbers and Health Information

Published

6 hours ago

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September 27, 2026

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National class action firm Edelson Lechtzin LLP is offering free case evaluations to individuals affected by the MedImpact Healthcare Systems data breach, which may have exposed names, Social Security numbers, and sensitive health information.

SAN DIEGO, Sept. 26, 2026 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating data privacy claims arising from the MedImpact Healthcare Systems, Inc. data breach. MedImpact is a privately held pharmacy benefit manager serving millions of members nationwide. The breach exposed sensitive personal and health information of current and former members of pharmacy benefit plans administered by MedImpact and/or Elixir Solutions.

Key Facts at a Glance

Company: MedImpact Healthcare Systems, Inc. is one of the largest independent pharmacy benefit managers in the United States.When it happened: MedImpact identified unauthorized activity in its systems on October 18, 2025. It finalized its investigation on July 17, 2026.When disclosed: MedImpact notified affected clients on August 13, 2026, and began mailing notices to affected individuals on September 23, 2026.People affected: Not publicly disclosed. Impacted members include adults and minor dependents covered under affected benefit plans, including the Leggett & Platt, Inc. Employee Benefits Plan.Information exposed: Varied by individual and may include names, Social Security numbers, and sensitive health information (see below).

What Happened

MedImpact identified unauthorized activity within certain systems on October 18, 2025, secured the affected systems, and engaged cybersecurity experts to investigate. The Qilin ransomware group claimed responsibility on October 27, 2025, adding MedImpact to its dark web leak site and claiming it had stolen data, which it threatened to publish unless a ransom was paid.

What Information Was Exposed

The compromised data varied by individual and may include names, addresses, dates of birth, Social Security numbers, subscriber and insurance identification numbers, and health-related information such as prescriptions, treatment, dates of service, service locations, and provider names. Because Social Security numbers and protected health information are highly sensitive, affected individuals face a lasting risk of identity theft, medical fraud, insurance fraud, and targeted phishing.

Your Legal Options

Edelson Lechtzin LLP is investigating a potential class action to pursue legal remedies for individuals whose sensitive personal and health data may have been compromised. The firm is examining whether MedImpact implemented reasonable cybersecurity safeguards and whether additional measures could have prevented or reduced the breach’s impact. The firm will evaluate your rights and potential claims at no cost.

Recommended Protective Steps

Preserve your breach notification letter and enroll in any complimentary credit monitoring offered to you.Monitor your account statements, credit reports, and explanation-of-benefits statements for unauthorized activity.Consider placing a fraud alert or security freeze with Equifax, Experian, and TransUnion.Be cautious of phishing calls, texts, and emails referencing the breach.

Contact Us for a Free Case Evaluation

Speak confidentially with a data privacy attorney today: Marc Edelson, Esq., Edelson Lechtzin LLP, 411 S. State Street, Suite N-300, Newtown, PA 18940; Phone: 844-696-7492; Email: medelson@edelson-law.com; or click HERE to request a free consultation.

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to data breach litigation, the firm handles class and collective actions involving securities and investment fraud, federal antitrust violations, ERISA employee benefit plans, wage theft, and consumer fraud.

Legal Notice: This press release may be considered Attorney Advertising in some jurisdictions.

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SOURCE Edelson Lechtzin LLP

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RackNerd Launches ctrl, a Proprietary Platform Built for the AI Era

Published

13 hours ago

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September 26, 2026

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RackNerd has launched ctrl, its proprietary VPS management platform, combining server administration, an optional network firewall, and one-click deployment of AI agents, automation tools, and self-hosted applications.

RANCHO CUCAMONGA, Calif., Sept. 26, 2026 /PRNewswire-PRWeb/ — RackNerd LLC, a rapidly growing leader in the Infrastructure-as-a-Service (IaaS) industry, today announced the launch of ctrl, its proprietary VPS management platform designed to modernize how customers deploy and manage virtual server infrastructure.

“We are building the software layer that connects RackNerd’s infrastructure with the next generation of workloads our customers are deploying.” – Dustin B. Cisneros, CEO of RackNerd

Developed specifically for RackNerd’s VPS ecosystem, ctrl gives customers one unified interface with instant access to the tools they need to manage their virtual servers. Customers can perform power operations, access an HTML5 console, reinstall or change operating systems, reset root passwords, reconfigure networking, monitor resource usage and bandwidth, and manage multiple RackNerd VPS instances from one platform. Whether customers are deploying their first VPS or managing an established production environment, ctrl puts these capabilities within easy reach, helping them build, learn, troubleshoot, and grow at every stage of their journey.

ctrl also introduces a growing catalog of One-Click Apps designed to help customers rapidly deploy AI agents, automation platforms, web hosting control panels, containerized applications, and self-hosted technology stacks. Available applications include AdminBolt, OpenClaw, Hermes Agent, n8n, AnythingLLM, Ollama, LibreChat, Coolify, Portainer, WireGuard, Webmin, CyberPanel, and CloudPanel, with additional integrations planned as the platform continues to evolve.

“ctrl represents an important step forward for RackNerd and for the experience we provide our VPS customers,” said Dustin B. Cisneros, CEO of RackNerd. “We are building the software layer that connects RackNerd’s infrastructure with the next generation of workloads our customers are deploying. Because ctrl is our own platform, we have the flexibility to continuously improve it, introduce new capabilities, and respond more quickly as customer requirements evolve.”

More than a redesigned customer interface, ctrl gives RackNerd greater control over its VPS product roadmap and creates a scalable foundation for future services. As RackNerd continues expanding its infrastructure and customer base, the platform will help streamline common server-management operations while delivering a consistent experience across its VPS offerings. The upgrade is included with existing RackNerd VPS services at no additional cost and does not require customers to migrate or rebuild their virtual servers.

The launch also positions RackNerd to accommodate growing infrastructure demand surrounding artificial intelligence. While large-scale model training typically requires specialized GPU infrastructure, a much broader ecosystem is developing around AI agents, workflow automation, application backends, databases, internal tools, and self-hosted services. Many of these workloads require persistent, always-on infrastructure rather than dedicated AI training clusters.

RackNerd is addressing this segment by pairing accessible KVM virtual servers with a modern deployment experience designed for AI-connected applications, automation, and self-hosting.

“The AI future will not be limited to a small number of hyperscale companies training massive models,” Cisneros added. “An entire ecosystem is being built around AI — agents, automations, integrations, internal tools, and new applications. These workloads still need reliable infrastructure, and RackNerd is positioned to provide both the underlying compute resources and a streamlined path to deployment.”

Customers can order a RackNerd VPS and use ctrl to select a supported application and initiate deployment directly from the control panel. Once an installation is complete, the necessary server or application credentials are displayed within ctrl, reducing the time required to move from a newly provisioned server to a working application.

RackNerd VPS customers also retain full root access and can connect through SSH to deploy, configure, and operate virtually any compatible software stack. This gives customers one-click convenience when desired without sacrificing the flexibility and control expected from an unmanaged KVM VPS.

In addition to application deployment, ctrl streamlines routine VPS administration. Customers can review server specifications and operating-system information, control server power, access rescue functionality, launch a browser-based console, monitor resource consumption, reset credentials, and manage network configuration without opening a support ticket for common administrative tasks.

ctrl also introduces an optional network firewall that filters inbound traffic on RackNerd’s network before it reaches the VPS. This frequently requested feature provides an additional layer of protection, can be enabled or disabled at any time, and complements rather than replaces the firewall running within the operating system.

The launch arrives as RackNerd continues investing in infrastructure, software development, network capacity, and its global datacenter footprint. RackNerd is an Inc. 5000 company recognized multiple years in a row on both the national Inc. 5000 list and Inc. Regionals: Pacific, reflecting the company’s sustained growth and continued expansion within the Infrastructure-as-a-Service market.

With ctrl, RackNerd is extending its infrastructure offerings with a proprietary management and deployment platform built around how developers, businesses, and self-hosters are using virtual servers today — and how those workloads are expected to evolve in the years ahead.

ctrl is available exclusively with RackNerd VPS services. Customers can explore an interactive preview of the platform, review RackNerd’s AI-ready VPS offerings, and select from available configurations based on the resource requirements of their intended applications.

Explore RackNerd ctrl: https://www.racknerd.com/ctrl-control-panel

Learn more about RackNerd AI VPS: https://www.racknerd.com/ai-vps

About RackNerd

RackNerd LLC introduces infrastructure stability and provides Dedicated Servers, Private Cloud solutions, DRaaS (Disaster-Recovery-as-a-Service), flexible Colocation, Virtual Private Servers and advanced DDoS Mitigation services — maintained by a team with decades of experience in managed services, datacenter operations, and Infrastructure-as-a-Service. With an intrinsic focus on client success and growth, RackNerd has grown steadily while continuing to provide high-quality hosting services at competitive rates. For more information please visit RackNerd at: https://www.racknerd.com/.

Media Contact

Dustin Cisneros, RackNerd, 1 8888816373, dustin@racknerd.com, https://www.racknerd.com/

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SOURCE RackNerd

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