Eco Wave Power Global AB (publ) Announces Closing of $9.2 Million Public Offering, which Includes Full Exercise of the Underwriter’s Over-Allotment Option, and Nasdaq Listing
Stockholm, July 6, 2021 – Eco Wave Power Global AB (publ) (Nasdaq: WAVE; Nasdaq First North: ECOWVE) (“EWPG” or the “Company”) today announced the closing of its underwritten public offering of 1,000,000 American Depository Shares (the “ADSs”), representing 8,000,000 common shares at a price to the public of $8.00 per ADS. The ADSs began trading on the Nasdaq Capital Market (“Nasdaq”) on July 1, 2021. EWPG granted A.G.P./Alliance Global Partners, the underwriter, a 30-day option to purchase up to 150,000 additional ADSs to cover over-allotments, at the public offering price, less