Elauwit Connection, Inc. ("Elauwit" or the "Company") today announced the pricing of its firm commitment initial public offering of an aggregate of 1,667,000 shares of its common stock (the "Offering") at $9.00 per share.

The gross proceeds to Elauwit from the Offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by Elauwit, are expected to be approximately $15.0 million without the exercise of the underwriters' over-allotment option.

The shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "ELWT" at the open of the market on November 5, 2025. The Offering is expected to close on November 6, 2025, subject to customary closing conditions.

Elauwit intends to use the net proceeds from the offering for debt repayment, project deployments, sales and marketing organizational development, payment of deferred compensation, working capital and general corporate purposes.