Eco Wave Power Pricing of $3.0 Million Offering for Business Growth
the prospectus supplement can be obtained from the SEC’s website or Maxim Group LLC.
Eco Wave Power is a leading onshore wave energy company that is making waves in the clean energy sector. They recently announced a $3.0 million registered direct offering to drive their commercial-scale wave energy projects forward. By partnering with a single institutional investor, they are set to purchase 300,000 American Depositary Shares (ADSs) at a price of $10.00 per ADS. This exciting opportunity is fueled by a commitment to innovative, sustainable energy solutions.
With Maxim Group LLC as the sole placement agent for the offering, Eco Wave Power is poised to see significant progress in their mission. The net proceeds from this offering will be used to propel their groundbreaking projects, which include the upcoming commercial-scale wave energy installation in Portugal. This initiative is a key step forward in their journey to revolutionize clean energy with their patented technology, converting ocean waves into electricity.
The Offering, set to close around December 11, 2024, is part of an ongoing commitment to advancing eco-friendly energy solutions. Eco Wave Power’s dedication to combating climate change is evident in their work. They have already made significant strides with the first grid-connected wave energy system in Israel, and they have plans to expand globally with projects in Los Angeles, Taiwan, and Portugal.
By harnessing the power of the ocean, Eco Wave Power is not only leading the charge in clean energy innovation but also gaining recognition from prestigious institutions like the European Union Regional Development Fund and the United Nations. Their American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market, showcasing their commitment to transparency and accountability in their operations. To learn more about their impactful work, visit their website at www.ecowavepower.com or contact their CFO for further information.
