{"success":true,"data":{"pressRelease":{"id":"114180","rtpr_id":"nGNXbYxDkj","ticker":"CNTM","exchange":"OTC","all_tickers":["CNTM","BLUC"],"title":"ConnectM Confirms Trading Approval for Blue Cloud Softech Shares Received in Global Impx Share Exchange, Commencing Lock-Up on ~17.3% Equity Stake in BSE-Listed AI, Energy and Digital Infrastructure Platform","author":"Globe Newswire","published_at":"2026-08-10T13:20:00.036Z","article_body":"MARLBOROUGH, Mass., Aug. 10, 2026 (GLOBE NEWSWIRE) -- ConnectM Technology\nSolutions, Inc. (OTCQX: CNTM) (“ConnectM” or the “Company”) today\nannounced that its previously disclosed share exchange transaction with Blue\nCloud Softech Solutions Ltd. (BSE: 539607) (“Blue Cloud”) closed on June\n17, 2026, and that the 160 million Blue Cloud shares issued to ConnectM in\nthat transaction have now received trading approval from BSE, satisfying the\nfinal regulatory step and formally commencing the six-month trading lock-up\nperiod applicable to the shares under BSE listing guidelines.\n\nAs previously disclosed, ConnectM transferred its 94.11% ownership interest in\nGlobal Impx Inc. (“Global Impx”) to Blue Cloud in exchange for 160 million\nnewly issued Blue Cloud shares, representing a ~17.3% post-issue equity stake.\nThe transaction was structured as a non-cash share-for-shares exchange and\nclosed on June 17, 2026, at which time the shares were delivered to ConnectM\nfollowing Blue Cloud's board and shareholder approvals and BSE's in-principle\napproval of the preferential allotment. With trading approval now received,\nthe shares are subject to a six-month lock-up period commencing from the date\nof that approval, in accordance with applicable BSE and SEBI regulations.\n\nTransaction Summary\n\n Term Detail \n Closing date June 17, 2026 \n Structure Non-cash share-for-shares exchange \n ConnectM contribution 94.11% ownership interest in Global Impx Inc. \n Global Impx Inc. Delaware corporation in which ConnectM held a 94.11% ownership interest, transferred to Blue Cloud pursuant to the share exchange transaction \n Shares received 160 million Blue Cloud Softech shares \n Post-issue stake ~17.3% of Blue Cloud Softech Solutions Ltd. \n Trading approval Received from BSE, August 2026, following the transaction's June 17, 2026 closing \n Lock-up period Six months from the date of receipt of BSE trading approval \n Data licensing ConnectM retains access, under ongoing commercial and data-licensing arrangements, to defined fleet, operational and platform data from Global Impx businesses, while Global Impx consolidates ConnectM’s EV mobility, telecom, renewable-energy capabilities and related IP (including Keen Connect, Smartvent, HVAC Monitoring, HVAC Performance Data Platform and Amperics technologies). \n\n“With trading approval now in hand, ConnectM's ownership interest in Global\nImpx has fully converted into a liquid, publicly traded equity position in\nBlue Cloud,” said Bhaskar Panigrahi, Chairman and Chief Executive Officer of\nConnectM. “This transaction simplifies ConnectM’s structure, preserves\nexposure to Blue Cloud’s future growth through our equity stake, and\nsupports continued focus on ConnectM’s broader operating strategy. ConnectM\nis a long-term holder of Blue Cloud equity.”\n\n“This all-equity acquisition allows Blue Cloud to add Global Impx’s\nAI-driven energy and mobility infrastructure to our existing digital\nplatforms, strengthening our position as a scalable ‘Blue Energy’ and\ndigital infrastructure company,” said Vinod Babu Bollikonda, Managing\nDirector & Group CEO of Blue Cloud Softech Solutions Ltd.\n\nFor more information on the share exchange transaction, please see ConnectM's\n8-K and press release dated April 29, 2026, the subsequent update dated June\n25, 2026, and the completion announcement dated June 30, 2026, announcing the\ntransaction's closing on June 17, 2026.\n\nAbout ConnectM Technology Solutions, Inc.\n\nConnectM is a technology company powering the physical layer of the AI economy\nacross distributed energy and last-mile logistics. Through its various\noperating segments, the Company delivers cutting-edge energy storage,\ndistributed energy, last-mile delivery, and AI infrastructure solutions to\ncustomers worldwide. For more information, visit www.connectm.com.\n\nAbout Blue Cloud Softech Solutions Ltd.\n\nBlue Cloud Softech Solutions Ltd. (BSE: 539607) is a publicly listed,\nHyderabad, India-based technology and infrastructure company with over 30\nyears of experience delivering solutions to government and enterprise\ncustomers. The Company operates a portfolio of IP-led platforms across digital\nhealth (BluHealth), AI diagnostics (BluBio), advanced sterilization (BioSter),\n5G connectivity, cybersecurity, and enterprise telecom.\n\nThrough a disciplined SPV-based model, Blue Cloud enables scalable deployment\nof technology platforms across India and international markets, combining\ngovernment-grade relationships, proprietary technologies, and a\nplatform-centric approach to drive repeatable, high-margin growth.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act and Section 21E of the Securities Exchange\nAct of 1934, as amended (the “Exchange Act”). We have based these\nforward-looking statements on our current expectations and projections about\nfuture events. All statements, other than statements of present or historical\nfact included in this press release, regarding our future financial\nperformance and our strategy, expansion plans, future operations, future\noperating results, estimated revenues, losses, projected costs, prospects,\nplans and objectives of management are forward-looking statements. In some\ncases, you can identify forward-looking statements by terminology such as\n“may,” “should,” “could,” “would,” “expect,” “plan,”\n“anticipate,” “intend,” “believe,” “estimate,” “continue,”\n“project” or the negative of such terms or other similar expressions.\nThese forward-looking statements are subject to known and unknown risks,\nuncertainties and assumptions about us that may cause our actual results,\nlevels of activity, performance or achievements to be materially different\nfrom any future results, levels of activity, performance or achievements\nexpressed or implied by such forward-looking statements. Except as otherwise\nrequired by applicable law, we disclaim any duty to update any forward-looking\nstatements, all of which are expressly qualified by the statements in this\nsection, to reflect events or circumstances after the date of this press\nrelease. We caution you that the forward-looking statements contained herein\nare subject to numerous risks and uncertainties, most of which are difficult\nto predict and many of which are beyond our control. In addition, we caution\nyou that the forward-looking statements regarding the Company contained in\nthis press release are subject to the risks and uncertainties described in the\n“Cautionary Note Regarding Forward-Looking Statements” section of our\nAnnual Report on Form 10-K and our Quarterly Reports on Form 10-Q that we file\nwith the Securities and Exchange Commission. Such filings identify and address\nother important risks and uncertainties that could cause actual events and\nresults to differ materially from those contained in the forward-looking\nstatements. Forward-looking statements speak only as of the date they are\nmade. Readers are cautioned not to put undue reliance on forward-looking\nstatements, and ConnectM is under no obligation to update or revise these\nforward-looking statements, whether as a result of new information, future\nevents, or otherwise.\n\nInvestor Relations\n\nConnectM Technology Solutions, Inc.\n+1-617-395-1333\nirpr@connectm.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3c055590-9c6e-4665-8817-37d7bc3adca8)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXbYxDkj","title":"ConnectM Confirms Trading Approval for Blue Cloud Softech Shares Received in Global Impx Share Exchange, Commencing Lock-Up on ~17.3% Equity Stake in BSE-Listed AI, Energy and Digital Infrastructure Platform","author":"Globe Newswire","ticker":"CNTM","created":"2026-08-10T13:20:00.036Z","tickers":["CNTM","BLUC"],"exchange":"OTC","article_body":"MARLBOROUGH, Mass., Aug. 10, 2026 (GLOBE NEWSWIRE) -- ConnectM Technology\nSolutions, Inc. (OTCQX: CNTM) (“ConnectM” or the “Company”) today\nannounced that its previously disclosed share exchange transaction with Blue\nCloud Softech Solutions Ltd. (BSE: 539607) (“Blue Cloud”) closed on June\n17, 2026, and that the 160 million Blue Cloud shares issued to ConnectM in\nthat transaction have now received trading approval from BSE, satisfying the\nfinal regulatory step and formally commencing the six-month trading lock-up\nperiod applicable to the shares under BSE listing guidelines.\n\nAs previously disclosed, ConnectM transferred its 94.11% ownership interest in\nGlobal Impx Inc. (“Global Impx”) to Blue Cloud in exchange for 160 million\nnewly issued Blue Cloud shares, representing a ~17.3% post-issue equity stake.\nThe transaction was structured as a non-cash share-for-shares exchange and\nclosed on June 17, 2026, at which time the shares were delivered to ConnectM\nfollowing Blue Cloud's board and shareholder approvals and BSE's in-principle\napproval of the preferential allotment. With trading approval now received,\nthe shares are subject to a six-month lock-up period commencing from the date\nof that approval, in accordance with applicable BSE and SEBI regulations.\n\nTransaction Summary\n\n Term Detail \n Closing date June 17, 2026 \n Structure Non-cash share-for-shares exchange \n ConnectM contribution 94.11% ownership interest in Global Impx Inc. \n Global Impx Inc. Delaware corporation in which ConnectM held a 94.11% ownership interest, transferred to Blue Cloud pursuant to the share exchange transaction \n Shares received 160 million Blue Cloud Softech shares \n Post-issue stake ~17.3% of Blue Cloud Softech Solutions Ltd. \n Trading approval Received from BSE, August 2026, following the transaction's June 17, 2026 closing \n Lock-up period Six months from the date of receipt of BSE trading approval \n Data licensing ConnectM retains access, under ongoing commercial and data-licensing arrangements, to defined fleet, operational and platform data from Global Impx businesses, while Global Impx consolidates ConnectM’s EV mobility, telecom, renewable-energy capabilities and related IP (including Keen Connect, Smartvent, HVAC Monitoring, HVAC Performance Data Platform and Amperics technologies). \n\n“With trading approval now in hand, ConnectM's ownership interest in Global\nImpx has fully converted into a liquid, publicly traded equity position in\nBlue Cloud,” said Bhaskar Panigrahi, Chairman and Chief Executive Officer of\nConnectM. “This transaction simplifies ConnectM’s structure, preserves\nexposure to Blue Cloud’s future growth through our equity stake, and\nsupports continued focus on ConnectM’s broader operating strategy. ConnectM\nis a long-term holder of Blue Cloud equity.”\n\n“This all-equity acquisition allows Blue Cloud to add Global Impx’s\nAI-driven energy and mobility infrastructure to our existing digital\nplatforms, strengthening our position as a scalable ‘Blue Energy’ and\ndigital infrastructure company,” said Vinod Babu Bollikonda, Managing\nDirector & Group CEO of Blue Cloud Softech Solutions Ltd.\n\nFor more information on the share exchange transaction, please see ConnectM's\n8-K and press release dated April 29, 2026, the subsequent update dated June\n25, 2026, and the completion announcement dated June 30, 2026, announcing the\ntransaction's closing on June 17, 2026.\n\nAbout ConnectM Technology Solutions, Inc.\n\nConnectM is a technology company powering the physical layer of the AI economy\nacross distributed energy and last-mile logistics. Through its various\noperating segments, the Company delivers cutting-edge energy storage,\ndistributed energy, last-mile delivery, and AI infrastructure solutions to\ncustomers worldwide. For more information, visit www.connectm.com.\n\nAbout Blue Cloud Softech Solutions Ltd.\n\nBlue Cloud Softech Solutions Ltd. (BSE: 539607) is a publicly listed,\nHyderabad, India-based technology and infrastructure company with over 30\nyears of experience delivering solutions to government and enterprise\ncustomers. The Company operates a portfolio of IP-led platforms across digital\nhealth (BluHealth), AI diagnostics (BluBio), advanced sterilization (BioSter),\n5G connectivity, cybersecurity, and enterprise telecom.\n\nThrough a disciplined SPV-based model, Blue Cloud enables scalable deployment\nof technology platforms across India and international markets, combining\ngovernment-grade relationships, proprietary technologies, and a\nplatform-centric approach to drive repeatable, high-margin growth.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nSection 27A of the Securities Act and Section 21E of the Securities Exchange\nAct of 1934, as amended (the “Exchange Act”). We have based these\nforward-looking statements on our current expectations and projections about\nfuture events. All statements, other than statements of present or historical\nfact included in this press release, regarding our future financial\nperformance and our strategy, expansion plans, future operations, future\noperating results, estimated revenues, losses, projected costs, prospects,\nplans and objectives of management are forward-looking statements. In some\ncases, you can identify forward-looking statements by terminology such as\n“may,” “should,” “could,” “would,” “expect,” “plan,”\n“anticipate,” “intend,” “believe,” “estimate,” “continue,”\n“project” or the negative of such terms or other similar expressions.\nThese forward-looking statements are subject to known and unknown risks,\nuncertainties and assumptions about us that may cause our actual results,\nlevels of activity, performance or achievements to be materially different\nfrom any future results, levels of activity, performance or achievements\nexpressed or implied by such forward-looking statements. Except as otherwise\nrequired by applicable law, we disclaim any duty to update any forward-looking\nstatements, all of which are expressly qualified by the statements in this\nsection, to reflect events or circumstances after the date of this press\nrelease. We caution you that the forward-looking statements contained herein\nare subject to numerous risks and uncertainties, most of which are difficult\nto predict and many of which are beyond our control. In addition, we caution\nyou that the forward-looking statements regarding the Company contained in\nthis press release are subject to the risks and uncertainties described in the\n“Cautionary Note Regarding Forward-Looking Statements” section of our\nAnnual Report on Form 10-K and our Quarterly Reports on Form 10-Q that we file\nwith the Securities and Exchange Commission. Such filings identify and address\nother important risks and uncertainties that could cause actual events and\nresults to differ materially from those contained in the forward-looking\nstatements. Forward-looking statements speak only as of the date they are\nmade. Readers are cautioned not to put undue reliance on forward-looking\nstatements, and ConnectM is under no obligation to update or revise these\nforward-looking statements, whether as a result of new information, future\nevents, or otherwise.\n\nInvestor Relations\n\nConnectM Technology Solutions, Inc.\n+1-617-395-1333\nirpr@connectm.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3c055590-9c6e-4665-8817-37d7bc3adca8)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-10T13:20:00.089273843Z","server_sent_at_ms":1786368000089},"received_at":"2026-08-10T13:20:00.142Z","source_url":"https://www.globenewswire.com/news-release/2026/08/10/3341899/0/en/connectm-confirms-trading-approval-for-blue-cloud-softech-shares-received-in-global-impx-share-exchange-commencing-lock-up-on-17-3-equity-stake-in-bse-listed-ai-energy-and-digital-.html"},"analysis":{"id":"103191","press_release_id":"114180","analysis_json":{"industry":{"label":"Software","sector":"Information 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Global Impx into a publicly traded position while allowing ConnectM to retain data-licensing rights to the platform's operational data.\n\nManagement highlighted that the move simplifies ConnectM's corporate structure and preserves long-term exposure to Blue Cloud's digital infrastructure and energy growth.","key_figures":{"customDimensions":{"lock_up_period_months":6,"blue_cloud_stake_percent":"17.3%","transaction_closing_date":"June 17, 2026","blue_cloud_shares_received":160000000,"global_impx_stake_transferred":"94.11%"}},"named_entities":{"people":[{"name":"Bhaskar Panigrahi","role":"Chairman and Chief Executive Officer of ConnectM"},{"name":"Vinod Babu Bollikonda","role":"Managing Director & Group CEO of Blue Cloud Softech Solutions Ltd."}],"products":["BluHealth","BluBio","BioSter","Keen Connect","Smartvent","HVAC Monitoring","HVAC Performance Data Platform","Amperics"],"companies":[{"name":"ConnectM Technology Solutions, Inc.","ticker":"CNTM"},{"name":"Blue Cloud Softech Solutions Ltd.","ticker":"539607","relationship":"counterparty"},{"name":"Global Impx Inc.","relationship":"subsidiary"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-10T18:55:20.426Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"micro-cap","eventGravity":"milestone_update"}},"durationMs":478944,"modelName":"glm-4.7"}}