The trouble began on February 27, 2026, when Elauwit filed a Form 8-K with the Securities and Exchange Commission. The document stated that the company could no longer rely on its financial statements for the quarter ending September 30, 2025. According to the filing, the error involved network construction project revenue and stemmed from work performed by a third-party accounting firm hired around the time of Elauwit’s initial public offering. The company maintains that the restatement does not involve intentional misconduct by its management or employees.

Following the announcement, Elauwit shares fell $0.52, closing at $7.12 on March 2, 2026. The Rosen Law Firm is now organizing a class action lawsuit to seek recovery for shareholder losses. Investors who purchased securities during the relevant period may participate in the case through a contingency fee arrangement, which requires no out-of-pocket costs. Those interested in the litigation can contact attorney Phillip Kim for further details regarding the investigation.