Eco Wave Power has entered into a securities purchase agreement of 300,000 American Depositary Shares (ADSs)(or ADS equivalents), at $10.00 each for gross proceeds of $3.0 million to an individual investor.
Maxim Group was the sole placement agent for the offering. The company will use the funds to advance its wave energy projects.
The offering is being made pursuant to an effective shelf registration statement on Form F-3, as amended, previously filed with the U.S. Securities and Exchange Commission on December 6, 2023.
Eco Wave Power’s American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market.
