The offering, finalized on June 25, 2026, includes warrants for an additional 300,000 shares exercisable at $12.00, representing a 32.9% premium over the recent Nasdaq closing price. Maxim Group LLC served as the sole placement agent for the transaction, which is expected to close by June 26, 2026, pending customary conditions.
Eco Wave Power Secures $4 Million in Strategic Funding for Wave Energy
Eco Wave Power Global AB has raised $4 million in a registered direct offering, pricing its shares at a 10.7% premium to the market. The company issued 400,000 American Depositary Shares to a single institutional investor, signaling investor confidence in its nearshore wave energy technology and infrastructure plans.
Eco Wave Power intends to direct the capital toward scaling its global operations and positioning its technology as a dedicated power source for AI infrastructure. The company currently operates a grid-connected station in Israel and recently launched a pilot project at the Port of Los Angeles in partnership with Shell Marine Renewable Energy. With a project pipeline totaling 404.7 MW, the firm is leveraging its onshore conversion systems to meet the surging energy demands of data centers and industrial hubs.
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