The Elmet Group Closes Upsized IPO on Nasdaq

Materials
Materials
Initial Public Offering / IPO
Initial Public Offering / IPO
IPO:
Apr 23, 2026
Industry:
MISCELLANEOUS FABRICATED METAL PRODUCTS

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The Elmet Group Completes Upsized Initial Public Offering

Portland, Maine, USA - The Elmet Group Co. (Nasdaq: ELMT), a US-based provider of precision-engineered components and advanced high-energy systems, has successfully closed its upsized initial public offering (IPO).

The company announced that it sold an aggregate of approximately 9.9 million shares of its common stock. This total includes the full exercise of the underwriters' overallotment option to purchase an additional 1.3 million shares. The shares were offered to the public at a price of $14.00 per share. Trading for the company's stock began on the Nasdaq Capital Market on April 23, 2026.

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About Elmet Group Co.

Elmet provides precision-engineered components and advanced high-energy systems for growth markets. Our customers in these markets require advanced technology involving critical and strategic materials, such as tungsten, molybdenum and niobium (such materials, the “Critical Materials”) and high-level radio frequency (“RF”) engineering, including plasma generation, radar, and other high-energy systems (together, “High-Power Microwave”). Our products and solutions are integral to the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries. These are industries which require components capable of performing in extreme thermal, electromagnetic, and technical environments for vital use cases. Our fundamental mission is to strengthen U.S. domestic manufacturing capabilities to support the United States and its allies’ needs in both Critical Materials and advanced High-Power Microwave systems. We believe we are the leader and sole-source U.S. producer of many highly engineered Critical Materials products and a leading designer and manufacturer of High-Power Microwave components in the United States.

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