The scrutiny follows a February 27, 2026, regulatory filing in which Elauwit announced that its interim financial statements for the third quarter of 2025 could no longer be relied upon. The company cited an accounting error related to revenue recognition during the first nine months of the year, attributing the discrepancy to work performed by a third-party accounting firm engaged around the time of its initial public offering.

Following the disclosure, Elauwit stock dropped 6.8%, closing at $7.12 on March 2, 2026, down $0.52 per share. Investors who purchased securities during the affected period are now being invited to join a potential class action lawsuit. The Rosen Law Firm, which operates on a contingency fee basis, is currently gathering claimants to seek recovery for losses. Those interested in participating can contact Phillip Kim at 866-767-3653 or submit their details through the firm’s online portal.