10:00 AM EDT, 03/13/2025 (MT Newswires) -- ConnectM Technology Solutions ( CNTM ) said Thursday it has authorized a new stock buyback program of up to $10 million or 10 million shares, depending whichever threshold is met first.

The buyback program is slated to run for 18 months, the electrified equipment and mobility company said.

ConnectM said it had roughly 34.1 million shares outstanding on Feb. 28.

Shares of the company fell 5.4% in recent trading.

Price: 0.59, Change: -0.03, Percent Change: -5.43