Company Overview - Elauwit Connection, Inc. is a national managed services provider that specializes in designing, building, and operating premium broadband and property-wide WiFi networks for multifamily and student housing communities [5] - The company focuses on service quality, reliability, and measurable asset value, enabling property owners to provide always-on connectivity as a modern amenity and a source of recurring net operating income (NOI) growth [5] Initial Public Offering (IPO) Details - Elauwit announced the closing of its initial public offering, selling an aggregate of 1,667,000 shares of common stock at a price of $9.00 per share, resulting in gross proceeds of approximately $15.0 million before deductions [1] - The shares began trading on the Nasdaq Capital Market under the ticker symbol "ELWT" on November 5, 2025 [2] - Craig-Hallum Capital Group LLC acted as the sole bookrunner for the offering, while Harter Secrest & Emery LLP and Pryor Cashman LLP served as legal counsel for the company and underwriters, respectively [2] Regulatory Filings - A registration statement on Form S-1 related to the common stock was filed with the U.S. Securities and Exchange Commission (SEC) on August 29, 2025, and became effective on November 2, 2025 [3] - The offering was conducted solely by means of a prospectus, which can be accessed through the SEC's website or obtained from Craig-Hallum Capital Group LLC [3]
Elauwit Announces Closing of $15.0 Million Initial Public Offering