Elmet Group (ELMT) completes IPO, sells 9.9M shares at $14.00, net proceeds $125.5M

Elmet Group Co.

Closed IPO of ~9.9M shares (including full over-allotment) at $14.00 per share; stock began trading on Nasdaq on April 23 under ELMT.
Net proceeds of $125.5M after expenses, to be used for debt repayment, growth capital, and working capital.
Issued broker's warrant to Cantor for 147,857 shares at $17.50, exercisable from Oct 2026 to Apr 2030.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Elmet Group Co.: Amended and restated bylaws to establish quorum threshold, meeting procedures, election inspection, director nominations, and conform to certificate of incorporation (effective 2026-04-24).

Change: bylaw amendment
Effective: 2026-04-24

Exact text from the filing

On April 24, 2026, in connection with the closing of the Offering, the amended and restated bylaws of the Company (the “ Amended and Restated Bylaws ”), previously approved by the Company’s board of directors, became effective.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Elmet Group Co. entered into Underwriting Agreement with Cantor Fitzgerald & Co. valued at $138,000,000 (effective 2026-04-22).

Action: entry
Agreement: underwriting
Counterparty: Cantor Fitzgerald & Co.
Value: $138,000,000
Effective: 2026-04-22

Exact text from the filing

On April 22, 2026, The Elmet Group Co., a Delaware corporation, (the “ Company ”), entered into an underwriting agreement (the “ Underwriting Agreement ”) with Cantor Fitzgerald & Co. acting as the representative of the several underwriters (the “ Representative ”) of the Company’s firm commitment underwritten initial public offering (the “ Offering ”).

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42 governance changes filed in the last 30 days. Browse all governance changes →

Elmet Group Co. filing history →

Source: SEC EDGAR

accession 0001213900-26-047521

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