Financing ·
Eco Wave Power Global AB reported a net loss of $1.67 million for the six months ended June 30, 2026, an 11.6%…
WAVEEco Wave Power Global AB (publ)
Eco Wave Power Global AB reported a net loss of $1.67 million for the six months ended June 30, 2026, an 11.6% decrease from the prior year period. The company raised $4.0 million in gross proceeds through a registered direct offering on June 26, 2026, issuing 400,000 ADSs at $10.00 per share and accompanying warrants for an additional $3.0 million if fully exercised. Cash and cash equivalents increased to $8.15 million as of June 30, 2026. The company completed its Port of Los Angeles pilot project with Shell and AltaSea in March 2026 and is advancing a 1 MW wave energy project in Porto, Portugal, following structural repairs to the breakwater by APDL. Additionally, the company secured a land lease for a new project at Suao Port in Taiwan. Eco Wave Power operates in the renewable energy industry, developing onshore wave energy conversion technology.