Eco Wave Power Secures $4 Million Financing for Global Wave Energy Advancement

On June 26, 2026, Eco Wave Power Global AB, a leader in innovative onshore wave energy technology, successfully concluded a significant financing round. This venture resulted in $4 million in gross proceeds through a registered direct offering, priced at a premium to the market, to one strategic institutional investor. The funding will facilitate the progress of their global project portfolio and reinforce their commitment to integrating wave energy with artificial intelligence (AI) technologies.

The offering consisted of 400,000 American Depositary Shares (ADS) priced at $10.00 each, which indicates a 10.7% increase from the previous closing price on Nasdaq. As stated by Inna Braverman, the company’s founder and CEO, this milestone financing marks a pivotal point for Eco Wave Power as they strive to meet the evolving needs of sustainable energy amidst growing demands for digital infrastructure fueled by AI advancements.

Using the liquidity from this financing, Eco Wave Power plans to advance various international projects while further positioning wave energy as a vital component of renewable energy solutions to support AI infrastructures.

In connection with the offering, warrants to purchase up to 300,000 additional ADSs were granted to the investor at an exercise price of SEK 116.76 per ADS ($12.00 USD), which showcases the investor's confidence in the company’s potential for substantial future growth. The warrants are also immediately exercisable until their expiration on June 26, 2029.

Maxim Group LLC acted as the sole placement agent for this offering, aiding in the strategic financing of Eco Wave Power, which has received notable recognition for its innovative technology. This includes generating sustainable power directly from coastal structures, thus aligning with global objectives to mitigate climate change and transition to renewable energy.

Eco Wave Power is currently advancing several projects worldwide, including initiatives in Portugal, Taiwan, and India, amounting to a project pipeline of 404.7 megawatts (MW). The growth of these ventures occurs alongside rising international electricity demands, greatly influenced by the rapid increase of data centers and digital services that require reliable renewable energy sources.

The innovative onshore wave energy technology designed by Eco Wave Power harnesses the power of ocean waves to convert them into clean, dependable, and cost-efficient electricity. Their technology significantly benefits densely populated coastal cities by facilitating electricity production near energy-intensive infrastructures. The company has already set a precedent by launching Israel's first grid-connected wave energy power station and the groundbreaking pilot station at the Port of Los Angeles in collaboration with Shell Marine Renewable Energy.

As the global energy landscape evolves, Eco Wave Power is dedicated to enhancing its capabilities along with the scalability of its technologies. They wish to ensure that wave energy becomes a pivotal player in fulfilling the rising energy requirements of not only industrial needs but also the burgeoning sectors aligned with AI and digital transformations. With this recent funding, Eco Wave Power stands on a solid foundation to lead advancements in sustainable technologies and make significant contributions toward achieving broader environmental goals.

For additional information about Eco Wave Power and their innovative projects within renewable energy, visit their official website at www.ecowavepower.com. You may also contact the company’s CFO, Aharon Yehuda, for any queries concerning their recent financing or strategic initiatives.

In conclusion, Eco Wave Power is a beacon of innovation in renewable energy, paving the way for future developments in wave energy technology that align with global sustainability targets and market needs.