The Elmet Group (ELMT.US), a manufacturer of critical materials and high-power microwave products for the aerospace and defense sectors, has announced the terms for its initial public offering. The Portland, Maine-based company plans to raise $100 million by offering 7.7 million shares, with an expected pricing range of $12 to $14 per share. Pricing is anticipated during the week of April 20, 2026.

Elmet specializes in producing precision components and engineered systems using refractory metals such as tungsten, molybdenum, and niobium, along with high-power microwave technology. Its products are designed for applications that must operate under extreme conditions, including high temperatures, intense electromagnetic fields, and other demanding environments. Key markets include aerospace, defense, semiconductor equipment, medical devices, industrial systems, and energy infrastructure.

The company operates a vertically integrated manufacturing model, encompassing material processing, machining, fabrication, and engineering of microwave components. This structure allows Elmet to support customized parts and specialized system-level solutions. Founded in 1929, the company reported revenue of $202 million for the 12-month period ending December 31, 2025.

Elmet intends to list on the Nasdaq under the ticker symbol ELMT. Cantor Fitzgerald, Needham & Co., Canaccord Genuity, and Roth Capital are acting as joint book-running managers for the offering.