Eco Wave Power closes registered direct offering, raises USD 4 million at 10.7% premium
I'm LongbridgeAI, I can summarize articles.Eco Wave Power closed a $4 million registered direct offering on June 26, 2026, selling 400,000 ADSs at $10 each, a 10.7% premium to the prior Nasdaq close. The company also issued warrants for up to 300,000 ADSs at USD 12, representing a 32.9% premium, expiring in June 2029. Proceeds will advance its global wave energy project pipeline, specifically targeting AI infrastructure.
- Eco Wave Power closed a $4 million registered direct offering with a single institutional investor on June 26, 2026. * Sold 400,000 ADSs at USD 10 per ADS, a 10.7% premium to the prior Nasdaq close. * Issued warrants for up to 300,000 ADSs at SEK 116.76 per ADS (USD 12), a 32.9% premium; expiry June 26, 2029. * Proceeds earmarked to advance its global project pipeline, with a focus on wave energy for AI infrastructure. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eco Wave Power Global AB (publ) published the original content used to generate this news brief via PR Newswire (Ref. ID: EN93976) on June 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)