Trading in Eco Wave Power’s share commences today on Nasdaq First North Stockholm
EWPG Holding AB (publ) (“Eco Wave Power” of the “Company”) today announces the start of trading of the Company’s share on Nasdaq First North Stockholm. The offering attracted interest from institutional investors AP4 and Skandia Fonder as well as the general public and allows Eco Wave Power to execute on its plan to commercialize wave power.
Prior to listing, Eco Wave Power completed a new share issue corresponding to approximately SEK 121.8 million. The proceeds will predominately be used for building Eco Wave Power’s first commercial wave farm, which will be a huge step towards the commercialization of wave energy and positioning it as an integral part of the world’s renewable energy mix. In addition, the funds will be used for expanding Eco Wave Power’s project pipeline, bringing more projects into the ready-to-build phase and for increasing sales and marketing activities.
“We are committed to contribute in the fight against climate change and the listing of Eco Wave Power will strengthen the Company's market position and assist us in reaching our ambitious plans,” said Inna Braverman, CEO of Eco Wave Power. “We look forward to taking Eco Wave Power to the next level.”
The issue in brief
Issued amount: SEK 121,791,786
Number of issued shares: 6,410,094
Issue price: SEK 19.00 per share
Short name: EWP
After the new share issue there are 35,249,344 shares in Eco Wave Power.
Naventus Corporate Finance AB was the financial adviser in connection with the listing and new share issue. Avanza Bank AB and Nordnet Bank AB have been selling agents. Aktieinvest FK AB is the issuing agent.
FNCA Sweden AB, +46(0)8-528 00 399, email@example.com, is the company’s Certified Adviser.
For more information:
Inna Braverman, CEO
+972 350 940 17
Andreas Kihlblom, CFO
+46 (0)8 420 026 94
About Eco Wave Power
Eco Wave Power has developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity. Eco Wave Power is the only wave energy company in the world, to own and operate a wave energy array, which is connected to the grid in accordance with a Power Purchase Agreement, PPA. Eco Wave Power is a Swedish company, founded in Tel Aviv, Israel, in 2011
This document has not been approved by any regulatory authority. The document is a press release and not a prospectus and investors shall not subscribe or purchase securities referred to in this document except on the basis of the information contained in the prospectus approved by the Swedish Financial Supervisory Authority (Sw: Finansinspektionen) and made available on the Company's website. Distribution of this press release may in certain jurisdictions be subject to restrictions by law and persons who have access to this, or part of this, are required to inform themselves of, and comply with, such legal restrictions. Information in this press release shall not constitute an offer to sell shares, or a solicitation of any offer to purchase shares, nor shall there be any sale of the securities referred to herein, in any jurisdiction where such offer, solicitation of any offer to purchase, or sale would require preparing an additional prospectus or other offering documents or would not be lawful without registration or applicable exemption from registration under the securities laws of such jurisdiction. This press release does not constitute, or is part of, an offer or a solicitation of an offer to purchase or subscribe for securities in the United States. Securities referred to herein have not and will not be registered in accordance with the US Securities Act of 1933 (Securities Act) and may not be offered or sold within the United States without registration in accordance with the Securities Act, or an exemption therefrom. Securities referred to herein are not offered to the general public in the United States. Copies of this press release are not made and may not be distributed or sent, in whole or in part, directly or indirectly, to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa or the United States or to any other jurisdiction where the distribution or issuance of this press release would be unlawful.