Financing ·
Eco Wave Power Global AB (publ) entered into a placement agency agreement with Maxim Group LLC for a $4.0 million…
WAVEEco Wave Power Global AB (publ)
Eco Wave Power Global AB (publ) entered into a placement agency agreement with Maxim Group LLC for a $4.0 million registered direct offering to a single strategic institutional investor. The offering consists of 400,000 ADSs representing 3,200,000 common shares and warrants to purchase up to 300,000 ADSs at an exercise price of $12.00 per ADS. The company intends to use the net proceeds to advance global expansion and develop its position as the energy layer for AI infrastructure. Eco Wave Power Global AB (publ) develops wave energy technology for commercial development.