Eco Wave Power raises $4M in direct offering priced at premium

Eco Wave Power Global AB (NASDAQ: WAVE) closed a registered direct offering on June 26, 2026, raising approximately $4.0 million in gross proceeds before placement agent fees and other expenses, according to a press release from the Stockholm-based company.

The offering consisted of 400,000 American Depositary Shares priced at $10.00 per ADS, representing a 10.7% premium to the previous Nasdaq closing price. A single strategic institutional investor participated in the transaction.

In connection with the offering, the investor received warrants to purchase up to 300,000 ADSs at an exercise price of SEK 116.76, equivalent to $12.00 per ADS, representing a 32.9% premium to the previous Nasdaq closing price. The warrants are exercisable immediately and expire on June 26, 2029.

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

The company stated it intends to use the net proceeds to advance projects across its international pipeline and to develop AI-related capabilities, including digital twins and other AI-driven technologies. Eco Wave Power has a project pipeline of 404.7 MW across Portugal, Taiwan, and India.

"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.

The offering was made pursuant to an effective shelf registration statement on Form F-3 previously declared effective by the U.S. Securities and Exchange Commission on December 6, 2023.

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