Eco Wave Power Announces $4.0 Million Registered Direct Offering Priced at a 10.7% Premium to Market to Expand Commercial Wave Energy Deployment and AI-Driven Technology

Eco Wave Power Global AB (NASDAQ: WAVE), a leader in onshore wave energy technology, has announced a registered direct offering that will raise $4 million through the sale of 400,000 American Depositary Shares (ADSs) priced at $10.00 each. The offering, which is set to close on or about June 26, 2026, will also include warrants for the investor to purchase an additional 300,000 ADSs at an exercise price of $12.00. This transaction represents a strategic move to bolster the company's global expansion and enhance its technology development.

Eco Wave Power is recognized for its innovative approach to renewable energy, specifically its ability to convert ocean and sea waves into clean electricity using patented technology. By leveraging existing coastal infrastructure such as breakwaters and jetties, the company aims to provide sustainable electricity solutions that are both reliable and cost-effective. The growing demand for renewable energy, particularly in light of increasing electricity consumption driven by sectors like artificial intelligence and data centers, positions Eco Wave Power favorably within the energy market.

The strategic institutional investor's participation in this offering underscores confidence in Eco Wave Power's business model and growth potential. The issuance of warrants at a premium to the current market price reflects a bullish outlook on the company's future performance. The funds raised will be allocated toward expanding Eco Wave Power's global footprint, which includes projects in key markets such as Portugal, Taiwan, and India, as well as enhancing its existing operations, including the recently launched pilot station at the Port of Los Angeles.

As the renewable energy sector continues to evolve, transactions like this offering highlight the increasing interest from institutional investors in sustainable energy solutions. The global push for cleaner energy sources is expected to drive further investments in companies that can deliver innovative technologies and scalable solutions. Eco Wave Power's focus on integrating its wave energy technology with the infrastructure needs of the digital economy positions it as a significant player in the transition to renewable energy.

Overall, the successful completion of this offering will not only provide Eco Wave Power with the necessary capital to advance its initiatives but may also signal a broader trend of institutional investment in the renewable energy sector. As the demand for sustainable energy solutions grows, companies that can effectively harness and commercialize innovative technologies are likely to attract continued interest from investors seeking to capitalize on the green energy transition.