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Elauwit Connection, Inc. Announces Launch of Initial Public Offering
Newsfileยท 2025-09-30 17:05
Core Points - Elauwit Connection, Inc. has announced the launch of its initial public offering (IPO) of up to 1,725,000 shares of common stock, with an additional 225,000 shares available for underwriters [1] - The net proceeds from the offering will be utilized for debt repayment, project deployments, sales and marketing development, payment of deferred compensation, working capital, and general corporate purposes [1] - Elauwit has applied to list its common stock on the Nasdaq Stock Market under the ticker symbol "ELWT" [1] - Craig-Hallum Capital Group LLC is the sole book-running manager for the offering [1] Company Overview - Elauwit Connection is a managed services provider that operates in 25 states, offering turnkey internet and connectivity solutions for multifamily and student housing markets [4] - The company focuses on service quality, reliability, and revenue generation, enabling real estate owners to deliver premium connectivity as a competitive advantage [4]