Elauwit Connection Inc., a national managed services provider for broadband and WiFi networks in multifamily and student housing communities, has completed the sale of an additional 68,989 shares of common stock at an IPO price of $9.00 per share, following the partial exercise of the underwriter's over-allotment option. This brings the company's total gross proceeds from its initial public offering to approximately $15.6 million before deducting underwriting discounts and offering expenses. The shares are listed on NASDAQ under the ticker symbol ELWT. Craig-Hallum Capital Group LLC acted as the sole bookrunner for the offering.
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