ConnectM Technology Solutions (OTC: CNTM) announced it is exploring two potential capital raises ahead of a planned national exchange uplisting: a private placement for accredited investors under Rule 506(c) and a rights offering for existing shareholders under Regulation A.

The company has engaged Moody Capital Solutions to conduct a "testing-the-waters" process to gauge investor interest. The feedback will inform the final structure, terms and sizing of any potential offerings.

The dual-track strategy includes an accredited investor offering utilizing general solicitation as permitted under federal securities laws, and a rights offering structured to provide existing shareholders with rights to purchase additional securities along with customary over-subscription rights.

ConnectM is evaluating a security mix that may include common stock, dividend-yielding preferred stock, warrants and dividend-yielding convertible preferred stock.

"Building on the transformational results of 2025 where we delivered record revenue of $35.8 million and grew gross profit by 93%, we are committed to a disciplined, dual-track capital strategy designed to maximize long-term value for all stakeholders," said Bhaskar Panigrahi, chairman and CEO of ConnectM.

The company stated it is targeting $75 million in revenue and positive EBITDA generation for 2026. ConnectM operates through its Owned Service Network, Managed Solutions, Logistics and Transportation segments, delivering AI-powered electrification and distributed energy solutions.

No money is being solicited in the testing-the-waters process. Any potential rights offering would require an offering statement on Form 1-A to be filed with and qualified by the SEC. Any Rule 506(c) offering would be made only to accredited investors who must undergo formal verification of their status.