Elauwit Connection closes $15M IPO, shares begin trading on Nasdaq under ELWT

Elauwit Connection, Inc.

Priced IPO of 1,667,000 shares at $9.00, gross proceeds ~$15.0M; underwriters have 45-day over-allotment option for 250,050 additional shares.
Net proceeds to be used for debt repayment, project deployments, sales/marketing expansion, deferred compensation, and working capital.
Common stock began trading on Nasdaq Capital Market under symbol ELWT on November 5, 2025.
Stockholders approved 2025 Stock Incentive Plan reserving 700,000 shares initially, with annual increase up to 5% of outstanding shares.

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