Home / Restatements / Elauwit Connection, Inc.

5/5Elauwit Connection, Inc. (ELWT): Non-reliance / restatement

Filed 2026-02-27 路 Form 8-K 路 Accession 0001104659-26-021078 micro

Market data

Price before filing: $7.45 (2026-02-26 close, split/dividend-adjusted)
Market cap at flag: $50.6M (2026-02-27) 路 Latest: $36.7M (2026-10-16)

What happened next

WindowELWTSPYvs SPY
30 days-20.7%-8.1%-12.6%2026-03-30
90 days-4.6%+9.8%-14.3%2026-05-28
180 days-6.0%+11.7%-17.8%2026-08-26

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"(the "Company"), after discussion with management, determined that the Company's 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 "Previous Filing"), should no longer be relied upon and should be restated because of accounting errors in revenue recognition for certain network design and..."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Why this score: also within 90 days: Going-concern doubt

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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