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

Eco Wave Power (NASDAQ: WAVE) closed a $4.0 million registered direct offering with a single strategic institutional investor on June 26, 2026.

Rhea-AI Summary

Eco Wave Power (NASDAQ: WAVE) closed a $4.0 million registered direct offering with a single strategic institutional investor on June 26, 2026. The company issued 400,000 ADSs at $10.00, a 10.7% premium to the prior Nasdaq close, plus 300,000 warrants priced at a 32.9% premium.

Eco Wave Power plans to use net proceeds to advance its global wave energy project pipeline and expand AI-driven capabilities, including digital twins, positioning wave energy as a renewable energy layer for AI infrastructure.

Positive

• Raised approximately $4.0 million in gross proceeds to fund projects
• ADS offering priced at $10.00, a 10.7% premium to prior close
• Investor warrants exercise price at $12.00, a 32.9% premium
• Proceeds earmarked to advance global project pipeline and AI capabilities

Negative

• Issuance of 400,000 new ADSs creates immediate shareholder dilution
• Warrants for up to 300,000 ADSs may cause further future dilution

Argus Jun 29 session

-3.39% close to close Open Argus

Details

News Market Reaction – WAVE

On Jun 29, the day this news came out, WAVE closed 3.39% below the previous close.

Data tracked by StockTitan Argus for the Jun 29 session.

Key Figures

ADSs offered: 400,000 ADSs Offering price: $10.00 per ADS Price premium: 10.7% premium +5 more

ADSs offered

400,000 ADSs

Size of registered direct offering

Offering price

$10.00 per ADS

Registered direct offering price

Price premium

10.7% premium

Above previous Nasdaq closing price

Gross proceeds

$4.0 million

Gross proceeds before fees and expenses

Investor warrants

300,000 ADSs

ADSs underlying investor warrants

Warrant exercise price

SEK 116.76 (US$12.00) per ADS

Exercise price for investor warrants

Warrant premium

32.9% premium

Warrant strike vs previous Nasdaq close

Warrant expiry

June 26, 2029

Expiration date of warrants

Previous AI Reports

5 past events · Latest: Jun 25

Same Type 5 events

1. Jun 25

   NVIDIA AI feature

   24h Move

   +10.0%

   NVIDIA corporate blog highlighted Eco Wave Power’s AI-powered wave energy technology.

2. Jun 24

   NVIDIA blog feature

   24h Move

   +2.1%

   NVIDIA blog detailed use of AI infrastructure and digital twins for wave projects.

3. Jun 23

   AI infrastructure highlight

   24h Move

   +0.0%

   NVIDIA coverage of AI-driven optimization and simulations for wave energy systems.

4. Jun 08

   AI collaboration talks

   24h Move

   -4.2%

   Exploratory AI collaborations with universities on WaveGPT and wave-powered data centers.

5. Jun 04

   AI summit participation

   24h Move

   -0.9%

   Planned participation in an AI data center summit and investor conferences.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

registered direct offering, american depositary shares, digital twins, form f-3, +1 more

5 terms

registered direct offering financial

"successful closing on June 26, 2026 of its previously announced registered direct offering"

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

american depositary shares financial

"The Offering consisted of 400,000 American Depositary Shares ("ADSs") at an offering price"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

digital twins technical

"expanding the Company's AI capabilities, including digital twins and other AI-driven technologies"

Digital twins are virtual replicas of physical objects, systems, or processes that simulate their real-world counterparts in real time. They allow users to monitor, analyze, and predict how the actual entity will behave under different conditions. For investors, digital twins can provide valuable insights into performance and potential risks, helping to make better-informed decisions.

form f-3 regulatory

"The Offering was made pursuant to an effective shelf registration statement on Form F-3, as amended"

Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.

prospectus supplement regulatory

"A prospectus supplement, dated June 26, 2026, relating to the ADSs issued in the Offering"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

STOCKHOLM, June 29, 2026 /PRNewswire/ -- Eco Wave Power Global AB (publ) (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a leading innovator in onshore wave energy technology, today announced the successful closing on June 26, 2026 of its previously announced registered direct offering with a single strategic institutional investor. The financing strengthens the Company's balance sheet to support the advancement of its global project portfolio and further develop its strategy of positioning wave energy as the renewable energy layer for AI infrastructure and expanding the Company's AI capabilities, including digital twins and other AI-driven technologies designed to optimize the performance, monitoring and scalability of its wave energy technology.

The Offering consisted of 400,000 American Depositary Shares ("ADSs") at an offering price of $10.00 per ADS, representing a 10.7% premium to the previous Nasdaq closing price. Gross proceeds from the Offering were approximately $4.0 million, before deducting placement agent fees and offering expenses.

"The successful completion of this financing marks another important milestone for Eco Wave Power as we continue advancing our global project portfolio," said Inna Braverman, Founder and Chief Executive Officer of Eco Wave Power. "With projects progressing across multiple international markets and growing global demand for reliable renewable energy to support digital infrastructure and AI, we believe this financing further strengthens our ability to execute our strategy while creating long-term value for our shareholders."

In connection with the Offering, the investor received warrants to purchase up to 300,000 ADSs. The warrants have an exercise price of SEK 116.76 per ADS (which is equal to US$12.00 per ADS), representing a 32.9% premium to the previous Nasdaq closing price, are exercisable immediately, and expire on June 26, 2029.

Maxim Group LLC acted as the sole placement agent for the Offering.

Eco Wave Power intends to use the net proceeds from the Offering to advance projects across its international pipeline while further positioning wave energy as the renewable energy layer for AI infrastructure.

The Offering was made pursuant to an effective shelf registration statement on Form F-3, as amended (File No. 333-275728), previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission ("SEC") on December 6, 2023. A prospectus supplement, dated June 26, 2026, relating to the ADSs issued in the Offering was filed by the Company with the SEC. Copies of the prospectus supplement relating to the Offering, together with the accompanying prospectus, can be obtained at the SEC's website at www.sec.gov or by contacting Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, via email at syndicate@maximgrp.com or by telephone at (212) 895-3745.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Eco Wave Power Global AB (publ)

Eco Wave Power Global (NASDAQ: WAVE) is a pioneering onshore wave energy company that converts ocean and sea waves into clean, reliable and cost-efficient electricity using its patented technology. By generating renewable power directly from existing coastal infrastructure such as breakwaters, jetties and piers, Eco Wave Power enables sustainable electricity production in close proximity to coastal cities, ports and energy-intensive infrastructure.

As global electricity demand continues to rise, driven in part by the rapid growth of artificial intelligence, data centers and digital infrastructure, Eco Wave Power is positioning its technology as a scalable, nearshore renewable energy solution capable of supporting next-generation power needs.

With a mission to accelerate the global transition to renewable energy while supporting the next generation of digital and industrial infrastructure, Eco Wave Power developed and operates Israel's first grid-connected wave energy power station, recognized as a "Pioneering Technology" by the Israeli Ministry of Energy and co-funded by EDF Power Solutions. In the United States, the Company recently launched the first-ever onshore wave energy pilot station at the Port of Los Angeles, in collaboration with Shell Marine Renewable Energy.

Eco Wave Power is advancing projects in Portugal, Taiwan and India, representing a project pipeline of 404.7 MW. The Company has received international recognition and support from organizations including the European Union Regional Development Fund, Innovate UK and the EU Horizon 2020 program, and was honored with the United Nations Global Climate Action Award.

Eco Wave Power's American Depositary Shares (ADSs) are traded on the Nasdaq Capital Market under the ticker symbol "WAVE."

For more information, please visit:

www.ecowavepower.com

For more information, please contact the Company's CFO:

Aharon Yehuda
Aharon@ecowavepower.com
+972 3 509 4017

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will", or variations of such words, and similar references to future periods. For example, the Company is using forward-looking statements in this press release when it discusses the intended use of proceeds from the Offering. These forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power's control that could cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading "Risk Factors" in Eco Wave Power's Annual Report on Form 20-F for the fiscal year ended December 31, 2025 filed with the SEC on March 12, 2026, which is available on the SEC's website, www.sec.gov, and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference into this press release.

Logo: https://mma.prnewswire.com/media/2993116/Eco_Wave_Power_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/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-302813118.html

SOURCE Eco Wave Power Global AB (publ)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Eco Wave Power (NASDAQ: WAVE) announce on June 29, 2026?

Eco Wave Power announced the closing of a $4.0 million registered direct offering. According to Eco Wave Power, a single strategic institutional investor bought 400,000 ADSs and received warrants, supporting global wave energy projects and AI-driven technology development.

What are the key terms of Eco Wave Power’s $4.0 million WAVE financing?

The financing includes 400,000 ADSs at $10.00 each, raising about $4.0 million gross. According to Eco Wave Power, the price reflects a 10.7% premium to the previous Nasdaq close, with additional warrants to purchase up to 300,000 ADSs.

How is the Eco Wave Power (WAVE) offering priced versus the market?

Eco Wave Power priced the ADSs at $10.00, a 10.7% premium to the prior Nasdaq close. According to Eco Wave Power, attached warrants have a $12.00 exercise price, equal to SEK 116.76, a 32.9% premium to the previous closing price.

What warrants were issued in Eco Wave Power’s June 2026 WAVE financing?

The investor received warrants to purchase up to 300,000 ADSs at $12.00 per ADS. According to Eco Wave Power, the warrants are exercisable immediately, carry a 32.9% premium to the prior close, and expire on June 26, 2029.

How will Eco Wave Power use the proceeds from the $4.0 million WAVE offering?

Eco Wave Power plans to use net proceeds to advance projects across its international pipeline. According to Eco Wave Power, funds will also help position wave energy as a renewable layer for AI infrastructure and expand AI-driven technologies such as digital twins.

What does the June 2026 Eco Wave Power financing mean for WAVE shareholders?

The transaction strengthens Eco Wave Power’s balance sheet but adds equity dilution from 400,000 new ADSs. According to Eco Wave Power, capital supports global project deployment and AI capabilities, while warrants for 300,000 ADSs may add future dilution if exercised.