Elauwit completes $15 million IPO on NASDAQ

Elauwit Connection Inc. (NASDAQ: ELWT) completed its initial public offering of 1,667,000 common shares at $9.00 per share, generating gross proceeds of approximately $15.0 million before underwriting discounts and expenses.

The Columbia, South Carolina-based company began trading on the Nasdaq Capital Market under the ticker symbol "ELWT" on November 5, 2025, according to the company's announcement.

Craig-Hallum Capital Group LLC served as the sole bookrunner for the offering. Harter Secrest & Emery LLP provided legal counsel to Elauwit, while Pryor Cashman LLP represented the underwriters.

The Securities and Exchange Commission declared the company's registration statement on Form S-1 effective on November 2, 2025. The initial filing was submitted on August 29, 2025.

Elauwit operates as a managed services provider that designs and operates broadband and WiFi networks for multifamily and student housing properties. The company focuses on providing connectivity services to property owners as a revenue-generating amenity.

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