The firm said it is preparing a class action after Elauwit disclosed on February 27, 2026 that investors should not rely on certain interim financial statements because of a revenue-recognition error.
Rosen Law Firm said it is investigating potential securities claims involving Elauwit Connection, Inc. after the company disclosed that previously issued interim financial statements for the quarter ended September 30, 2025 should no longer be relied upon. The issue was detailed in a Form 8-K filed with the Securities and Exchange Commission (U.S. markets regulator) on February 27, 2026, which cited an error in network construction project revenue recognition during the first nine months of 2025. Elauwit said the restatement stemmed from work by a third-party national accounting firm hired before and immediately after its initial public offering, and said it did not involve intentional misconduct by the company, its management, or employees. Elauwit shares fell $0.52, or 6.8%, to close at $7.12 on March 2, 2026. Rosen said purchasers of Elauwit securities may be able to seek compensation through a contingency fee arrangement and invited investors to join a prospective class action.