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Eco Wave Power (Nasdaq: WAVE) closes $4M premium ADS financing

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Form Type
6-K

Rhea-AI Filing Summary

Eco Wave Power Global AB closed a strategic $4.0 million registered direct financing with a single institutional investor, issuing 400,000 American Depositary Shares at $10.00 per ADS, a 10.7% premium to the previous Nasdaq closing price. The deal is intended to strengthen the balance sheet and support its global project portfolio and AI-focused wave energy strategy.

The investor also received warrants to purchase up to 300,000 ADSs at SEK 116.76 (US$12.00) per ADS, a 32.9% premium to the prior Nasdaq close, exercisable immediately and expiring on June 26, 2029. Eco Wave Power plans to use net proceeds to advance projects in its international pipeline and further position wave energy as a renewable layer for AI infrastructure.

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Gross proceeds $4.0 million Registered direct offering closed June 26, 2026
ADSs issued 400,000 ADSs Offered at $10.00 per ADS
Offering price premium 10.7% Premium to previous Nasdaq closing price
Investor warrants 300,000 ADSs Warrants to purchase ADSs issued with the offering
Warrant exercise price SEK 116.76 / US$12.00 per ADS 32.9% premium to previous Nasdaq closing price
Warrant expiry June 26, 2029 Expiration date of issued warrants
Project pipeline 404.7 MW International wave energy project pipeline
registered direct offering financial
"previously announced registered direct offering with a single strategic institutional investor"
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 of $10.00 per ADS"
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.
shelf registration statement regulatory
"The Offering was made pursuant to an effective shelf registration statement on Form F-3"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
prospectus supplement regulatory
"A prospectus supplement, dated June 26, 2026, relating to the ADSs issued in the Offering was filed"
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.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of the “safe harbor” provisions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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

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FAQ

What financing did Eco Wave Power (WAVE) complete in June 2026?
Eco Wave Power completed a $4.0 million registered direct financing with a single institutional investor. The company issued 400,000 ADSs at $10.00 each to support its global projects and AI-driven wave energy strategy.

At what price were Eco Wave Power ADSs sold in the June 2026 offering?
The ADSs were sold at $10.00 per ADS, representing a 10.7% premium to the previous Nasdaq closing price. This premium pricing underscores investor willingness to pay above the recent market level.

What warrants were issued in Eco Wave Power’s June 2026 financing?
The investor received warrants to purchase up to 300,000 ADSs at SEK 116.76 (US$12.00) per ADS. 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 (WAVE) use the $4.0 million in gross proceeds?
Eco Wave Power intends to use the net proceeds to advance projects across its international pipeline. It also plans to further position wave energy as a renewable power layer for AI infrastructure and expand its AI-driven technologies.

Under which SEC registration did Eco Wave Power conduct this offering?
The offering was made under an effective shelf registration statement on Form F-3 (File No. 333-275728). A prospectus supplement dated June 26, 2026, relating to the ADSs issued, was filed with the SEC.

What project pipeline does Eco Wave Power (WAVE) report?
Eco Wave Power reports an international project pipeline of 404.7 MW across locations including Israel, the United States, Portugal, Taiwan and India. These projects aim to supply wave-generated electricity near coastal infrastructure and digital facilities.

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

 

For the month of June 2026

 

Commission File Number

001-40554

 

Eco Wave Power Global AB (publ)

(Translation of registrant’s name into English)

 

52 Derech Menachem Begin St.

Tel Aviv - Yafo, Israel 6713701

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒          Form 40-F ☐

 

 

 

 

 

CONTENTS

 

On June 29, 2026, Eco Wave Power Global AB (publ) (the “Company”) issued a press release titled “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” a copy of which is furnished as Exhibit 99.1 with this Report of Foreign Private Issuer on Form 6-K.

 

This Report of Foreign Private Issuer on Form 6-K is incorporated by reference into the Company’s Registration Statements on Form F-3 (Registration Nos. 333-275728 and 333-282101) filed with the Securities and Exchange Commission to be a part thereof from the date on which this Report of Foreign Private Issuer on Form 6-K is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

EXHIBIT INDEX

 

Exhibit No.    
99.1   Press release issued by Eco Wave Power Global AB (publ), dated June 29, 2026, titled “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”

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Eco Wave Power Global AB (publ)
   
  By:  /s/ Aharon Yehuda
    Aharon Yehuda
    Chief Financial Officer
     
Date: June 29, 2026    

 

2

 

Exhibit 99.1

 

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

 

Stockholm, Sweden (June 29, 2026) – 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.

 

 

Source: View Original Filing on SEC EDGAR

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