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[...]

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

ConnectM's 160 million Blue Cloud Softech shares, issued in exchange for its 94.11% ownership interest in Global Impx Inc. upon the transaction's closing on June 17, 2026, have received trading approval from BSE India, formally commencing the six-month lock-up period disclosed in connection with the transaction

MARLBOROUGH, Mass., August 10, 2026 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (OTCQX: CNTM) ("ConnectM" or the "Company") today announced that its previously disclosed share exchange transaction with Blue Cloud Softech Solutions Ltd. (BSE: 539607) ("Blue Cloud") closed on June 17, 2026, and that the 160 million Blue Cloud shares issued to ConnectM in that transaction have now received trading approval from BSE, satisfying the final regulatory step and formally commencing the six-month trading lock-up period applicable to the shares under BSE listing guidelines.

As previously disclosed, ConnectM transferred its 94.11% ownership interest in Global Impx Inc. ("Global Impx") to Blue Cloud in exchange for 160 million newly issued Blue Cloud shares, representing a ~17.3% post-issue equity stake. The transaction was structured as a non-cash share-for-shares exchange and closed on June 17, 2026, at which time the shares were delivered to ConnectM following Blue Cloud's board and shareholder approvals and BSE's in-principle approval of the preferential allotment. With trading approval now received, the shares are subject to a six-month lock-up period commencing from the date of that approval, in accordance with applicable BSE and SEBI regulations.

Transaction Summary

"With trading approval now in hand, ConnectM's ownership interest in Global Impx has fully converted into a liquid, publicly traded equity position in Blue Cloud," said Bhaskar Panigrahi, Chairman and Chief Executive Officer of ConnectM. "This transaction simplifies ConnectM's structure, preserves exposure to Blue Cloud's future growth through our equity stake, and supports continued focus on ConnectM's broader operating strategy. ConnectM is a long-term holder of Blue Cloud equity."

"This all-equity acquisition allows Blue Cloud to add Global Impx's AI-driven energy and mobility infrastructure to our existing digital platforms, strengthening our position as a scalable 'Blue Energy' and digital infrastructure company," said Vinod Babu Bollikonda, Managing Director & Group CEO of Blue Cloud Softech Solutions Ltd.

For more information on the share exchange transaction, please see ConnectM's 8-K and press release dated April 29, 2026, the subsequent update dated June 25, 2026, and the completion announcement dated June 30, 2026, announcing the transaction's closing on June 17, 2026.

About ConnectM Technology Solutions, Inc.

ConnectM is a technology company powering the physical layer of the AI economy across distributed energy and last-mile logistics. Through its various operating segments, the Company delivers cutting-edge energy storage, distributed energy, last-mile delivery, and AI infrastructure solutions to customers worldwide. For more information, visit www.connectm.com.

About Blue Cloud Softech Solutions Ltd.

Blue Cloud Softech Solutions Ltd. (BSE: 539607) is a publicly listed, Hyderabad, India-based technology and infrastructure company with over 30 years of experience delivering solutions to government and enterprise customers. The Company operates a portfolio of IP-led platforms across digital health (BluHealth), AI diagnostics (BluBio), advanced sterilization (BioSter), 5G connectivity, cybersecurity, and enterprise telecom.

Through a disciplined SPV-based model, Blue Cloud enables scalable deployment of technology platforms across India and international markets, combining government-grade relationships, proprietary technologies, and a platform-centric approach to drive repeatable, high-margin growth.