STOCK TITAN

Capital and takeover mandates on agenda at Eco Wave Power (NASDAQ: WAVE) AGM

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Eco Wave Power Global AB (publ) is convening its annual general meeting for June 30, 2026 in Stockholm and outlining key decisions for shareholders. The board proposes that the 2025 financial result be carried forward with no dividend paid for that year.

Shareholders are asked to authorize the board, until the next annual meeting, to issue new shares, warrants and convertible debentures, including with deviation from existing shareholders’ preferential rights for acquisitions and, separately, in the event of an impending takeover bid. The board also seeks authority to repurchase the Company’s own shares on Nasdaq Capital Market, with total holdings capped at 10% of shares, and to transfer repurchased shares, including in connection with acquisitions.

Proposals include re-electing six directors and PriceWaterhouseCoopers AB as auditor, with total board fees of SEK 1,086,305 and part of one director’s fee payable in American Depositary Shares. The notice states that the Company has 53,698,844 shares outstanding, of which 6,981,536 are held by the Company.

Positive

  • None.

Negative

  • None.
Total board fees SEK 1,086,305 Period until end of next annual general meeting
Chairman board fee SEK 300,000 Annual fee proposed for board chairman
Other director fee SEK 200,000 Annual fee proposed for each ordinary member except two named exceptions
Hilary E. Ackermann fee USD 20,000 Board fee, up to 50% payable in American Depositary Shares
Total shares outstanding 53,698,844 shares Total number of shares at time of notice issuance
Treasury shares held 6,981,536 shares Company’s own shares held at time of notice issuance
Buyback cap 10% of total shares Maximum Company holding under proposed share repurchase authorization
AGM date and time June 30, 2026, 10:00 a.m. CEST Scheduled time of annual general meeting in Stockholm
American Depositary Shares financial
"up to 50 percent of the board fee to Hilary E. Ackermann may be paid in American Depositary Shares instead of cash"
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.
Nasdaq Capital Market financial
"Share repurchases may be made only on Nasdaq Capital Market or any other regulated market"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
convertible debentures financial
"resolve upon issuance of new shares, warrants and/or convertible debentures"
Convertible debentures are loans a company issues that pay interest like a bond but can be swapped later for the company’s shares at a set price. For investors they act like a safety-net plus a shortcut: you get regular interest payments while retaining the option to join ownership if the share price rises, which offers upside potential but can dilute existing shareholders if conversion occurs.
voting rights registration financial
"so-called voting rights registration in order to be entitled to participate and vote for their shares at the meeting"
Voting rights registration is the process by which a shareholder or nominee registers ownership of shares with the company or its registrar so those shares can be counted and used to vote at shareholder meetings. Think of it like signing up on a voter roll before an election: without registration you may be unable to vote on key matters such as board elections, mergers or major policy changes, so registration affects an investor’s ability to influence corporate decisions and protect their interests.
takeover bid financial
"increase the share capital in the event of an impending takeover bid"
An offer from one party to buy a controlling stake in a company, usually by proposing to purchase shares from existing shareholders at a set price. Investors care because a takeover bid can change who runs the business, alter strategy and future profits, and often affects the share price immediately — like one neighbor offering to buy out an entire house on a block, reshaping who makes decisions about the property.
own shares financial
"the board of directors to resolve to purchase and transfer own shares of the Company"
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Learn about SEC filing dates

 

 

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 May 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 May 28, 2026, Eco Wave Power Global AB (publ) (the “Company”) published its notice convening the annual general meeting of the Company’s shareholders (the “Notice”), which is to be held on June 30, 2026. A copy of the Notice and a press release relating to the Notice are being furnished as Exhibits 99.1 and 99.2 to this Report of Foreign Private Issuer on Form 6-K, respectively. Materials relating to the annual general meeting of the Company’s shareholders are available on the Company’s website at www.ecowavepower.com.

 

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 No.    
99.1   Eco Wave Power Global AB (publ) Notice to Attend the Annual General Meeting.
99.2   Press release dated May 28, 2026, titled “Notice to Attend Annual General Meeting of Eco Wave Power Global AB (publ)”.

 

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: May 28, 2026

 

2

Exhibit 99.1

 

NOTICE TO ATTEND THE ANNUAL GENERAL MEETING OF ECO WAVE POWER GLOBAL AB (PUBL)

 

The shareholders of Eco Wave Power Global AB (publ), reg. no. 559202-9499 (the “Company” or “EcoWave”), are hereby given notice to attend the annual general meeting at 10:00 a.m. CEST on Tuesday June 30, 2026. The meeting will be held at Setterwalls Advokatbyrå’s offices at address Sturegatan 10 in Stockholm. Registration for the meeting commences 30 minutes before the opening of the meeting.

 

Notice

 

Shareholders wishing to participate at the meeting must:

 

(i)be entered in the shareholders’ register, kept by Euroclear Sweden AB (the Swedish Central Securities Depository & Clearing Organisation), on the record day which is Monday June 22, 2026; and

 

(ii)notify the Company of their attendance no later than Wednesday June 24, 2026. Notification can be made in writing to Setterwalls Advokatbyrå AB, Attn: Niclas Töreki, P.O. Box 1050, SE-101 39 Stockholm, Sweden or by e-mail to niclas.toreki@setterwalls.se.

 

Notification shall include full name, personal identification number or corporate registration number, address, daytime telephone number and, if appropriate, information about representative, proxy, and assistants. The number of assistants may not be more than two. To facilitate entry to the meeting, notification should, where appropriate, be accompanied by powers of attorney, registration certificates and other documents of authority.

 

Nominee registered shares

 

Shareholders who have their shares registered in the name of a nominee must request temporary entry in the transcription of the share register kept by Euroclear Sweden AB (so-called voting rights registration) in order to be entitled to participate and vote for their shares at the meeting. The shareholder must inform the nominee well in advance of Monday June 22, 2026, at which time the register entry must have been made. Voting rights registration that has been requested by the shareholder at such time that the registration has been completed by the nominee no later than Wednesday June 24, 2026, will, however, be taken into account in the preparation of the share register.

 

Proxy voting

 

A shareholder represented by proxy shall issue a power of attorney which shall be dated and signed by the shareholder. If issued by a legal entity, the power of attorney shall be accompanied by registration certificate or, if not applicable, equivalent documents of authority. Power of attorney forms for those shareholders wishing to participate by proxy will be available on the Company’s website www.ecowavepower.com. The original version of the power of attorney shall also be presented at the meeting.

 

 

 

 

Processing of personal data

 

For information regarding how your personal data is processed in connection with the annual general meeting, please refer to the privacy policy on Euroclear Sweden AB’s website, https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.

 

Proposed agenda

 

1.Opening of the meeting and election of chairman of the meeting;

 

2.Preparation and approval of the voting list;

 

3.Election of one or two persons who shall approve the minutes of the meeting;

 

4.Approval of the agenda;

 

5.Determination of whether the meeting has been duly convened;

 

6.Submission of the 2025 annual report and the auditor’s report as well as of the December 31, 2025 financial statements;

 

7.Resolution in respect of adoption of the profit and loss statement and the balance sheet;

 

8.Resolution in respect of allocation of the Company’s result according to the adopted balance sheet;

 

9.Resolution in respect of the members of the board of directors’ and the CEO’s discharge from liability;

 

10.Determination of the number of members of the board of directors as well as of the number of auditors;

 

11.Determination of the fees payable to the members of the board of directors and the auditors;

 

12.Election of members of the board of directors and auditors;

 

13.Resolution on an authorization for the board of directors to increase the share capital;

 

14.Resolution on an authorization for the board of directors to resolve to purchase and transfer own shares of the Company;

 

15.Resolution on an authorization for the board of directors to increase the share capital in the event of an impending takeover bid; and

 

16.Closing of the meeting.

 

2

 

 

Proposed resolutions by the board of directors

 

Item 1. Election of chairman

 

Marcus Nivinger (lawyer at Setterwalls Advokatbyrå) is proposed as chairman of the meeting, or if he is unable to attend the meeting, any other person proposed by the board of directors.

 

Item 8. Allocation of the Company’s result according to the adopted balance sheet

 

The board of directors proposes that the Company’s result shall be carried forward in new account and that no dividend shall be paid for the financial year 2025.

 

Item 13. Resolution on an authorization for the board of directors to increase the share capital

 

The board of directors proposes that the annual general meeting resolves on an authorization for the board of directors to – for the period up to the next annual general meeting, with or without deviation from the shareholders’ preferential rights and at one or more occasions – resolve upon issuance of new shares, warrants and/or convertible debentures. Payment may be made in cash, in kind, through set-off of claims or otherwise be conditional. Deviation from the shareholders’ preferential rights shall be allowed in situations where a directed issue is deemed more appropriate for the Company due to timing, commercial or similar reasons, and in order to enable acquisitions. The board of directors sees a shareholder value in being able to take advantage of attractive acquisition opportunities or otherwise make investments in promising projects and/or to broaden the shareholder base in a time-efficient manner. New issues of shares or issues of warrants or convertibles based on the authorization shall, in deviation from the shareholders’ preferential rights, be made with the shareholders´ best interest in mind and at a market-based subscription price according to the market conditions prevailing at the time of the issue of the shares, warrants and/or convertibles.

 

The chairman of the board of directors, the Chief Executive Officer or a person appointed by the board of directors shall be authorized to make any minor adjustments required to register the resolution with the Swedish Companies Registration Office. A valid resolution requires that the proposal is supported by shareholders representing at least two-thirds (2/3) of the votes cast as well as of all shares represented at the meeting.

 

Item 14. Resolution on an authorization for the board of directors to resolve to purchase and transfer own shares of the Company

 

The board of directors proposes that the annual general meeting resolves on an authorization for the board of directors to resolve on purchases of the Company’s own shares in accordance with the following main terms:

 

1. Share repurchases may be made only on Nasdaq Capital Market or any other regulated market.

 

2. The authorization may be exercised on one or more occasions before the 2027 annual general meeting.

 

3. The maximum number of own shares that may be repurchased shall correspond to an amount so that the Company’s holding of shares at any given time does not exceed 10 percent of the total number of shares in the Company.

 

4. Repurchases of the Company’s own shares on Nasdaq Capital Market may only be made at a price within the range of the highest purchase price and lowest selling price at any given time.

 

5. Payment for the shares shall be made in cash.

 

3

 

 

In addition, the board of directors proposes that the annual general meeting resolves to authorize the board of directors to resolve on transfers of own shares, with or without deviation from the shareholders’ preferential rights, in accordance with the following main terms:

 

1. Transfers may be made on (i) Nasdaq Capital Market or (ii) outside of Nasdaq Capital Market in connection with acquisitions of companies, operations or assets.

 

2. The authorization may be exercised on one or more occasions before the 2027 annual general meeting.

 

3. The maximum number of shares that may be transferred corresponds to the number of shares held by the Company at the point in time of the board of directors’ decision on the transfer.

 

4. Transfers of shares on Nasdaq Capital Market may only be made at a price within the range of the highest purchase price and lowest selling price at any given time. For transfers outside of Nasdaq Capital Market, the price shall be set so that the transfer is made at market terms, except for delivery of shares in connection with employee stock option programs.

 

5. Payment for transferred shares may be made in cash, through in-kind payment, or through set-off against claims with the Company.

 

The purpose of the authorizations is to give the board of directors greater scope to act and the opportunity to adapt and improve the Company’s capital structure and thereby create further shareholder value, and take advantage of any attractive acquisition opportunities. The board of directors shall have the right to resolve on further terms for repurchases and transfers of own shares in accordance with its authorization.

 

The chairman of the board of directors, the Chief Executive Officer or a person appointed by the board of directors shall be authorized to make any minor adjustments required to register the resolution with the Swedish Companies Registration Office. A valid resolution requires that the proposal is supported by shareholders representing at least two-thirds (2/3) of the votes cast as well as of all shares represented at the meeting.

 

Item 15. Resolution on an authorization for the board of directors to increase the share capital in the event of an impending takeover bid

 

The board of directors proposes that the general meeting resolves on an authorization for the board of directors to – for the period up to the next annual general meeting, with or without deviation from the shareholders’ preferential rights and at one or more occasions – resolve upon issuance of new shares, warrants and/or convertible debentures. Payment may be made in cash, in kind, through set-off of claims or otherwise be conditional. Deviation from the shareholders’ preferential rights shall be allowed in order to prevent an impending takeover bid for shares and / or other share-related instruments in the Company, whereby the subscription price may fall below the market value. The authorization may only be used provided that it does not contravene the Swedish Companies Act or other applicable laws.

 

4

 

 

The chairman of the board of directors, the CEO or a person appointed by the board of directors shall be authorized to make any minor adjustments required to register the resolution with the Swedish Companies Registration Office. A valid resolution requires that the proposal is supported by shareholders representing at least two-thirds (2/3) of the votes cast as well as of all shares represented at the meeting.

 

Proposed resolutions by shareholders

 

Items 10-12. Election of and remuneration to the board of directors and auditors

 

The board of directors today consists of the following six (6) ordinary members without deputy members: Mats Andersson (chairman), Gilles Amar, David Leb, Annath Abecassis, Inna Braverman and Hilary E. Ackermann. It is proposed that the board of directors shall consist of six (6) ordinary members without deputy members until the end of the next annual general meeting. Furthermore, it is proposed that one registered accounting firm shall be elected as auditor.

 

It is proposed that the fees payable to the board of directors for the period until the end of the next annual general meeting shall amount to a total of SEK 1,086,305 (taking into account the conversion rate between USD and SEK on the date of issue of this notice) out of which SEK 300,000 shall be paid to the chairman and SEK 200,000 to each of the other ordinary members, except for Inna Braverman who will receive no board fee, and except for Hilary E. Ackermann who will receive USD 20,000. It is further proposed that up to 50 percent of the board fee to Hilary E. Ackermann may be paid in American Depositary Shares instead of cash. It is further proposed that the Company’s auditor shall be paid in accordance with approved quotes and invoices.

 

It is proposed to re-elect Mats Andersson, David Leb, Annath Abecassis, Gilles Amar, Inna Braverman and Hilary E. Ackermann as ordinary board members until the end of the next annual general meeting. Mats Andersson is proposed to be re-elected as chairman of the board of directors.

 

It is proposed to re-elect the accounting firm PriceWaterhouseCoopers AB, as the Company´s auditor. The auditor has notified that Anna Rozhdestvenskaya will continue to act as a chief auditor.

 

5

 

 

Number of shares and votes in the Company

 

The total number of shares in the Company at the time of issuance of this notice is 53,698,844. The Company holds 6,981,536 of its own shares.

 

Shareholders’ right to request information

 

Pursuant to Chapter 7 section 32 of the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)), the board of directors and the Chief Executive Officer are under a duty to, if any shareholder so requests and the board of directors deems that it can be made without material damage to the Company, at the meeting provide information, regarding circumstances, which may affect the assessment of a matter on the agenda or of the Company’s economic situation. Such duty to provide information also comprises the Company’s relation to the other group companies, the consolidated financial statements and such circumstances regarding subsidiaries which are set out in the foregoing sentence.

 

Documentation

 

The financial accounts, auditor’s report, complete proposals and other documents to be dealt with at the annual general meeting will become available at the Company’s office not later than three (3) weeks before the meeting. The documents will be sent free of charge to shareholders who so request and state their postal address. The documents will also be made available not later than the aforementioned date on the Company’s website www.ecowavepower.com. All the above-mentioned documents will also be presented at the annual general meeting.

 

_____

 

Stockholm, May 2026

 

The board of directors

 

6

 

Exhibit 99.2

 

Notice to attend the Annual General Meeting of Eco Wave Power Global AB (publ)

 

Stockholm, May 28, 2026 – The shareholders of Eco Wave Power Global AB (publ), reg. no. 559202-9499 (the “Company” or “EcoWave”), are hereby given notice to attend the annual general meeting at 10:00 a.m. CEST on Tuesday June 30, 2026. The meeting will be held at Setterwalls Advokatbyrå’s offices at address Sturegatan 10 in Stockholm. Registration for the meeting commences 30 minutes before the opening of the meeting.

 

Notice

 

Shareholders wishing to participate at the meeting must:

 

(i)be entered in the shareholders’ register, kept by Euroclear Sweden AB (the Swedish Central Securities Depository & Clearing Organisation), on the record day which is Monday June 22, 2026; and

 

(ii)notify the Company of their attendance no later than Wednesday June 24, 2026. Notification can be made in writing to Setterwalls Advokatbyrå AB, Attn: Niclas Töreki, P.O. Box 1050, SE-101 39 Stockholm, Sweden or by e-mail to niclas.toreki@setterwalls.se.

 

Notification shall include full name, personal identification number or corporate registration number, address, daytime telephone number and, if appropriate, information about representative, proxy, and assistants. The number of assistants may not be more than two. To facilitate entry to the meeting, notification should, where appropriate, be accompanied by powers of attorney, registration certificates and other documents of authority.

 

Nominee registered shares

 

Shareholders who have their shares registered in the name of a nominee must request temporary entry in the transcription of the share register kept by Euroclear Sweden AB (so-called voting rights registration) in order to be entitled to participate and vote for their shares at the meeting. The shareholder must inform the nominee well in advance of Monday June 22, 2026, at which time the register entry must have been made. Voting rights registration that has been requested by the shareholder at such time that the registration has been completed by the nominee no later than Wednesday June 24, 2026, will, however, be taken into account in the preparation of the share register.

 

Proxy voting

 

A shareholder represented by proxy shall issue a power of attorney which shall be dated and signed by the shareholder. If issued by a legal entity, the power of attorney shall be accompanied by registration certificate or, if not applicable, equivalent documents of authority. Power of attorney forms for those shareholders wishing to participate by proxy will be available on the Company’s website www.ecowavepower.com. The original version of the power of attorney shall also be presented at the meeting.

 

 

 

 

Processing of personal data

 

For information regarding how your personal data is processed in connection with the annual general meeting, please refer to the privacy policy on Euroclear Sweden AB’s website, https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.

 

Proposed agenda

 

1.Opening of the meeting and election of chairman of the meeting;

 

2.Preparation and approval of the voting list;

 

3.Election of one or two persons who shall approve the minutes of the meeting;

 

4.Approval of the agenda;

 

5.Determination of whether the meeting has been duly convened;

 

6.Submission of the 2025 annual report and the auditor’s report as well as of the December 31, 2025 financial statements;

 

7.Resolution in respect of adoption of the profit and loss statement and the balance sheet;

 

8.Resolution in respect of allocation of the Company’s result according to the adopted balance sheet;

 

9.Resolution in respect of the members of the board of directors’ and the CEO’s discharge from liability;

 

10.Determination of the number of members of the board of directors as well as of the number of auditors;

 

11.Determination of the fees payable to the members of the board of directors and the auditors;

 

12.Election of members of the board of directors and auditors;

 

13.Resolution on an authorization for the board of directors to increase the share capital;

 

14.Resolution on an authorization for the board of directors to resolve to purchase and transfer own shares of the Company;

 

15.Resolution on an authorization for the board of directors to increase the share capital in the event of an impending takeover bid; and

 

16.Closing of the meeting.

 

2

 

 

Proposed resolutions by the board of directors

 

Item 1. Election of chairman

 

Marcus Nivinger (lawyer at Setterwalls Advokatbyrå) is proposed as chairman of the meeting, or if he is unable to attend the meeting, any other person proposed by the board of directors.

 

Item 8. Allocation of the Company’s result according to the adopted balance sheet

 

The board of directors proposes that the Company’s result shall be carried forward in new account and that no dividend shall be paid for the financial year 2025.

 

Item 13. Resolution on an authorization for the board of directors to increase the share capital

 

The board of directors proposes that the annual general meeting resolves on an authorization for the board of directors to – for the period up to the next annual general meeting, with or without deviation from the shareholders’ preferential rights and at one or more occasions – resolve upon issuance of new shares, warrants and/or convertible debentures. Payment may be made in cash, in kind, through set-off of claims or otherwise be conditional. Deviation from the shareholders’ preferential rights shall be allowed in situations where a directed issue is deemed more appropriate for the Company due to timing, commercial or similar reasons, and in order to enable acquisitions. The board of directors sees a shareholder value in being able to take advantage of attractive acquisition opportunities or otherwise make investments in promising projects and/or to broaden the shareholder base in a time-efficient manner. New issues of shares or issues of warrants or convertibles based on the authorization shall, in deviation from the shareholders’ preferential rights, be made with the shareholders´ best interest in mind and at a market-based subscription price according to the market conditions prevailing at the time of the issue of the shares, warrants and/or convertibles.

 

The chairman of the board of directors, the Chief Executive Officer or a person appointed by the board of directors shall be authorized to make any minor adjustments required to register the resolution with the Swedish Companies Registration Office. A valid resolution requires that the proposal is supported by shareholders representing at least two-thirds (2/3) of the votes cast as well as of all shares represented at the meeting.

 

Item 14. Resolution on an authorization for the board of directors to resolve to purchase and transfer own shares of the Company

 

The board of directors proposes that the annual general meeting resolves on an authorization for the board of directors to resolve on purchases of the Company’s own shares in accordance with the following main terms:

 

1. Share repurchases may be made only on Nasdaq Capital Market or any other regulated market.

 

2. The authorization may be exercised on one or more occasions before the 2027 annual general meeting.

 

3. The maximum number of own shares that may be repurchased shall correspond to an amount so that the Company’s holding of shares at any given time does not exceed 10 percent of the total number of shares in the Company.

 

4. Repurchases of the Company’s own shares on Nasdaq Capital Market may only be made at a price within the range of the highest purchase price and lowest selling price at any given time.

 

5. Payment for the shares shall be made in cash.

 

3

 

 

In addition, the board of directors proposes that the annual general meeting resolves to authorize the board of directors to resolve on transfers of own shares, with or without deviation from the shareholders’ preferential rights, in accordance with the following main terms:

 

1. Transfers may be made on (i) Nasdaq Capital Market or (ii) outside of Nasdaq Capital Market in connection with acquisitions of companies, operations or assets.

 

2. The authorization may be exercised on one or more occasions before the 2027 annual general meeting.

 

3. The maximum number of shares that may be transferred corresponds to the number of shares held by the Company at the point in time of the board of directors’ decision on the transfer.

 

4. Transfers of shares on Nasdaq Capital Market may only be made at a price within the range of the highest purchase price and lowest selling price at any given time. For transfers outside of Nasdaq Capital Market, the price shall be set so that the transfer is made at market terms, except for delivery of shares in connection with employee stock option programs.

 

5. Payment for transferred shares may be made in cash, through in-kind payment, or through set-off against claims with the Company.

 

The purpose of the authorizations is to give the board of directors greater scope to act and the opportunity to adapt and improve the Company’s capital structure and thereby create further shareholder value, and take advantage of any attractive acquisition opportunities. The board of directors shall have the right to resolve on further terms for repurchases and transfers of own shares in accordance with its authorization.

 

The chairman of the board of directors, the Chief Executive Officer or a person appointed by the board of directors shall be authorized to make any minor adjustments required to register the resolution with the Swedish Companies Registration Office. A valid resolution requires that the proposal is supported by shareholders representing at least two-thirds (2/3) of the votes cast as well as of all shares represented at the meeting.

 

Item 15. Resolution on an authorization for the board of directors to increase the share capital in the event of an impending takeover bid

 

The board of directors proposes that the general meeting resolves on an authorization for the board of directors to – for the period up to the next annual general meeting, with or without deviation from the shareholders’ preferential rights and at one or more occasions – resolve upon issuance of new shares, warrants and/or convertible debentures. Payment may be made in cash, in kind, through set-off of claims or otherwise be conditional. Deviation from the shareholders’ preferential rights shall be allowed in order to prevent an impending takeover bid for shares and / or other share-related instruments in the Company, whereby the subscription price may fall below the market value. The authorization may only be used provided that it does not contravene the Swedish Companies Act or other applicable laws.

 

4

 

 

The chairman of the board of directors, the CEO or a person appointed by the board of directors shall be authorized to make any minor adjustments required to register the resolution with the Swedish Companies Registration Office. A valid resolution requires that the proposal is supported by shareholders representing at least two-thirds (2/3) of the votes cast as well as of all shares represented at the meeting.

 

Proposed resolutions by shareholders

 

Items 10-12. Election of and remuneration to the board of directors and auditors

 

The board of directors today consists of the following six (6) ordinary members without deputy members: Mats Andersson (chairman), Gilles Amar, David Leb, Annath Abecassis, Inna Braverman and Hilary E. Ackermann. It is proposed that the board of directors shall consist of six (6) ordinary members without deputy members until the end of the next annual general meeting. Furthermore, it is proposed that one registered accounting firm shall be elected as auditor.

 

It is proposed that the fees payable to the board of directors for the period until the end of the next annual general meeting shall amount to a total of SEK 1,086,305 (taking into account the conversion rate between USD and SEK on the date of issue of this notice) out of which SEK 300,000 shall be paid to the chairman and SEK 200,000 to each of the other ordinary members, except for Inna Braverman who will receive no board fee, and except for Hilary E. Ackermann who will receive USD 20,000. It is further proposed that up to 50 percent of the board fee to Hilary E. Ackermann may be paid in American Depositary Shares instead of cash. It is further proposed that the Company’s auditor shall be paid in accordance with approved quotes and invoices.

 

It is proposed to re-elect Mats Andersson, David Leb, Annath Abecassis, Gilles Amar, Inna Braverman and Hilary E. Ackermann as ordinary board members until the end of the next annual general meeting. Mats Andersson is proposed to be re-elected as chairman of the board of directors.

 

It is proposed to re-elect the accounting firm PriceWaterhouseCoopers AB, as the Company´s auditor. The auditor has notified that Anna Rozhdestvenskaya will continue to act as a chief auditor.

 

5

 

 

Number of shares and votes in the Company

 

The total number of shares in the Company at the time of issuance of this notice is 53,698,844. The Company holds 6,981,536 of its own shares.

 

Shareholders’ right to request information

 

Pursuant to Chapter 7 section 32 of the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)), the board of directors and the Chief Executive Officer are under a duty to, if any shareholder so requests and the board of directors deems that it can be made without material damage to the Company, at the meeting provide information, regarding circumstances, which may affect the assessment of a matter on the agenda or of the Company’s economic situation. Such duty to provide information also comprises the Company’s relation to the other group companies, the consolidated financial statements and such circumstances regarding subsidiaries which are set out in the foregoing sentence.

 

Documentation

 

The financial accounts, auditor’s report, complete proposals and other documents to be dealt with at the annual general meeting will become available at the Company’s office not later than three (3) weeks before the meeting. The documents will be sent free of charge to shareholders who so request and state their postal address. The documents will also be made available not later than the aforementioned date on the Company’s website www.ecowavepower.com. All the above-mentioned documents will also be presented at the annual general meeting.

 

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Stockholm, May 2026

 

The board of directors

 

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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 expanding globally with projects planned 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

 

Press inquiries:
info@ecowavepower.com

 

 

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FAQ

When and where is Eco Wave Power (WAVE) holding its 2026 annual general meeting?

Eco Wave Power will hold its 2026 annual general meeting at 10:00 a.m. CEST on June 30, 2026, at Setterwalls Advokatbyrå’s offices, Sturegatan 10, Stockholm. Registration opens 30 minutes before the meeting, and shareholders must follow the notice instructions to participate and vote.

What dividend does Eco Wave Power (WAVE) propose for the 2025 financial year?

The board proposes that no dividend be paid for the 2025 financial year and that the Company’s result be carried forward. This means all 2025 earnings remain within Eco Wave Power to support its operations and strategy, subject to shareholder approval at the annual general meeting.

What new share issuance authorities is Eco Wave Power (WAVE) seeking at the AGM?

The board seeks authority until the next AGM to issue new shares, warrants and convertible debentures, with or without preferential rights. The mandate may be used for acquisitions, investments or broadening the shareholder base, and a separate authorization targets issues in the event of an impending takeover bid.

What share buyback and transfer authorization is proposed for Eco Wave Power (WAVE)?

The board proposes authorization to repurchase Eco Wave Power’s own shares on Nasdaq Capital Market, with holdings capped at 10% of total shares. It also seeks authority to transfer treasury shares on or off exchange, including in acquisitions, with cash or non-cash consideration, until the 2027 annual meeting.

How many shares does Eco Wave Power (WAVE) have, and how many are held in treasury?

The notice states Eco Wave Power has 53,698,844 shares outstanding at issuance of the notice. The Company itself holds 6,981,536 of these as its own shares, which are eligible for potential future use under proposed repurchase and transfer authorizations, subject to shareholder approval.

What board composition and fees are proposed at Eco Wave Power’s 2026 AGM?

Shareholders are asked to re-elect six directors, including chairman Mats Andersson, and PriceWaterhouseCoopers AB as auditor. Total board fees are proposed at SEK 1,086,305, with SEK 300,000 for the chairman, SEK 200,000 for most directors, and USD 20,000 for Hilary E. Ackermann, partly payable in American Depositary Shares.

Filing Exhibits & Attachments

2 documents