PORTLAND, Maine, April 14, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, today announced that it has launched the roadshow for its proposed initial public offering of approximately 7.7 million shares of its common stock, all of which are being offered by Elmet. In addition, Elmet intends to grant the underwriters a 30-day option to purchase up to approximately an additional 1.2 million shares of common stock from Elmet at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $12.00 and $14.00 per share.

Elmet intends to list its common stock on the Nasdaq Capital Market under the ticker symbol "ELMT."

Cantor is acting as lead book-running manager for the proposed offering. Needham & Company and Canaccord Genuity are acting as joint book-running managers. Roth Capital Partners is acting as co-manager.

The proposed offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the proposed offering may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov.

Alternatively, when available, ...