Elmet Group Co. launched the roadshow for its proposed initial public offering on April 14, 2026, taking the first formal step toward a Nasdaq listing as it looks to sell about 7.7 million shares of common stock.
The company said the offering price is expected to be between $12.00 and $14.00 a share, with all of the stock coming from Elmet itself. It also plans to give the underwriters a 30-day option to buy up to about 1.2 million additional shares from the company, according to the filing terms.
Cantor is acting as lead book-running manager for the offering, while Needham & Company and Canaccord Genuity are serving as joint book-running managers. Roth Capital Partners is co-manager. Elmet said it intends to list its common stock on the Nasdaq Capital Market under the ticker symbol ELMT.
Elmet is a U.S.-based provider of precision-engineered components and advanced high-energy systems, operating through two segments, Critical Materials Components and Engineered Microwave Products. It serves customers in Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy.
The roadshow begins while the company’s registration statement remains pending at the Securities and Exchange Commission and has not yet become effective. That means the shares cannot be sold until the filing clears the regulator, leaving the pricing and timing of the deal still dependent on the final review process.
