Elauwit Connection, Inc. will restate its unaudited condensed consolidated financial statements for the quarter ended September 30, 2025, originally filed on December 10, 2025. The restatement is due to accounting errors in revenue recognition for certain network design and installation contracts, specifically incorrect entries under the percentage-of-completion input method. Revenue, gross profit, operating income (loss), and net loss were overstated by an estimated $471 thousand for the quarter ended September 30, 2025. For the nine months ended September 30, 2025, these metrics were overstated by an estimated $1.4 million. Total assets were also overstated by an estimated $1.4 million as of September 30, 2025. The errors were identified during the year-end audit and are attributed to inadequate design and implementation of internal controls and procedures. The company emphasizes that these matters did not involve any intentional misconduct by management or employees. The company intends to file an amendment to the previous Form 10-Q as soon as reasonably practicable.