Elauwit Connection, Inc.

We are a provider of broadband Internet networks for the multifamily and student housing property sector. We offer Managed Services and Network-as-a-Service solutions to improve Internet connectivity for residents and provide financial benefits for property owners. We aim to be a leading player in the multifamily property conversion trend. According to market estimates from the National Multifamily Housing Council ("NMHC"), there are approximately 23 million apartment units in the U.S., and we estimate 55% of those units are suitable for our network services. Our market research using CoStar data estimates an addressable market of 12 million units in properties with 100 units or more for overbuilds. The National Apartment Association indicates the United States needs to build more than 4.6 million new apartment homes at a minimum, with as many as 11.7 million needed by 2030. Following our initial public offering ("IPO") in November 2025, we established a sales and marketing team that generated over 13,000 units of pipeline in less than three months. As of March 20, 2026, our total pipeline is approximately 120,600 units, representing approximately $120 million of potential network construction revenue and an estimated $26 million in annual recurring revenue, if all opportunities are successfully completed. New logo acquisition accounts for approximately two thirds of our pipeline. The portfolio holdings of ownership groups in our pipeline total over 2.3 million units.