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Eco Wave Power Announces Closing of $4.0 Million Strategic Financing Priced at a Premium to Market to Advance Global Project Deployment and AI-Driven Technology

WAVE
  • Eco Wave Power Global AB closed a registered direct offering on June 26, 2026, with a single strategic institutional investor.
  • The offering consisted of 400,000 American Depositary Shares (ADSs) priced at $10.00 per share, generating approximately $4.0 million in gross proceeds.
  • The share price represented a 10.7% premium over the previous Nasdaq closing price.
  • The investor received warrants to purchase up to 300,000 ADSs with an exercise price of $12.00 per share (SEK 116.76), which is a 32.9% premium to the prior closing price.
  • These warrants are exercisable immediately and expire on June 26, 2029.
  • Maxim Group LLC served as the sole placement agent for the transaction.
  • Proceeds will be used to advance the Company's international project pipeline and position wave energy as a renewable layer for AI infrastructure.
  • The Company is currently advancing projects in Portugal, Taiwan, & India, with a total pipeline of 404.7 MW.
  • The offering was conducted under an effective shelf registration statement on Form F-3 filed with the U.S. Securities & Exchange Commission.
  • Eco Wave Power recently launched an onshore wave energy pilot station at the Port of Los Angeles in collaboration with Shell Marine Renewable Energy.