Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Elauwit Connection, Inc. (NASDAQ: ELWT) concerning allegations that the company may have issued materially misleading business information. The investigation centers on whether Elauwit provided inaccurate financial data to the investing public, potentially leading to investor losses. Shareholders who purchased Elauwit securities may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.

The law firm's inquiry follows a Current Report filed by Elauwit with the Securities and Exchange Commission on Form 8-K on February 27, 2026. The report announced 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, which was filed on December 10, 2025. Elauwit attributed the restatement to an error specific to network construction project revenue recognition during the first nine months of 2025.

The company stated that the restatement originated from work performed by a third-party national accounting firm hired to assist with accounting tasks prior to and immediately following its initial public offering. Elauwit clarified that the error did not involve any intentional misconduct by the company, its management, or employees. Following this disclosure, Elauwit's stock price fell $0.52 per share, or 6.8%, to close at $7.12 per share on March 2, 2026.

Rosen Law Firm is preparing a class action lawsuit seeking recovery of investor losses. The firm encourages affected investors to join the prospective class action by visiting its website or contacting its attorneys directly. Rosen Law Firm emphasizes its experience in securities class actions and shareholder derivative litigation, noting its track record of securing significant settlements for investors. The firm was ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017 and has recovered billions of dollars for investors globally.

Investors interested in participating in the class action can contact Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for more information.

Elauwit Connection has appointed Nick Jones as its new Chief Operating Officer and Chief Information Officer, effective immediately. Jones succeeds Rick Alder, who served as Chief Operations Officer through Elauwit's initial public offering phase. The leadership change aims to strengthen the company's operational framework and drive continued growth.

Jones was previously Executive Vice President and Chief Operating Officer at World Cinema, Inc., a managed technology, digital infrastructure, and in-room entertainment provider. During his tenure, he supported more than 8,000 properties and over 1 million rooms across more than 200 brands in the hospitality, multifamily, and healthcare industries. His prior roles include Chief Executive Officer of NJT, Inc, an outsourced managed services provider, and Network Engineer at Schlumberger, First Edge Sornson, and Castle Dental.

Rick Alder, who transitions out of the role, played a key part in advancing Elauwit's strategic objectives. He helped the company achieve significant milestones and enhance operational performance, positioning it for future success. The company acknowledged his contributions during the critical IPO phase.

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