Eco Wave Power Global, a leading innovator in onshore wave energy technology, today announced the pricing of its registered direct offering with a single strategic institutional investor. The Offering consists of 400,000 American Depositary Shares ("ADSs") at an offering price of $10.00 per ADS, representing a 10.7% premium to the last Nasdaq closing price. Each ADS represents eight common shares of the Company. Gross proceeds from the Offering are expected to be $4.0 million, before deducting placement agent fees and offering expenses. In addition, the investor will receive warrants to purchase 300,000 ADSs. The warrants will have an exercise price of $12.00 per ADS, representing a 32.9% premium to the last Nasdaq closing price, will be exercisable immediately upon issuance and will expire on the third anniversary of the original issuance date.

Maxim Group LLC is acting as the sole placement agent for the Offering.

Eco Wave Power currently intends to use the net proceeds from the Offering to advance its global expansion and further develop its position as the energy layer for AI infrastructure. Offering is expected to close on or about June 26, 2026, subject to the satisfaction of customary closing conditions.

KeyFacts Energy Industry Directory: Eco Wave Power