On February 27, 2026, during market hours, Elauwit filed a Current Report with the Securities and Exchange Commission on Form 8-K announcing non-reliance on “previously issued interim financial statements included in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed on December 10, 2025.” The report stated that the “an error specific to network construction project revenue recognition during the first nine months of 2025,” and the “restatement originates from work done by a third-party national accounting firm hired by the Company to assist in its accounting work prior to and immediately following its initial public offering; it did not involve any intentional misconduct with respect to the Company, its management or employees.”
On this news, Elauwit’s stock price fell $0.52 per share, or 6.8%, to close at $7.12 per share on March 2, 2026.
