Eco Wave Power Sells ADSs to Institutional Investor
Ticker: WAVE · Form: 6-K · Filed: Dec 12, 2024 · CIK: 1846715
| Field | Detail |
|---|---|
| Company | Eco Wave Power Global Ab (Publ) (WAVE) |
| Form Type | 6-K |
| Filed Date | Dec 12, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $10.00, $9.9999, $3.0 million, $0.0001, $35,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: securities-offering, institutional-investor, financing
TL;DR
Eco Wave Power just sold a chunk of ADSs to one big investor, details on cash pending.
AI Summary
On December 10, 2024, Eco Wave Power Global AB (publ) entered into a securities purchase agreement with a single institutional investor to sell 291,000 American Depositary Shares (ADSs), representing 2,328,000 common shares. The filing does not specify the dollar amount of this transaction.
Why It Matters
This transaction indicates institutional interest in Eco Wave Power, potentially providing capital for future development or operations.
Risk Assessment
Risk Level: medium — The sale of securities to a single investor can sometimes indicate a need for capital or a less broad market reception, and the lack of specific financial details in this report warrants caution.
Key Players & Entities
- Eco Wave Power Global AB (publ) (company) — Registrant
- December 10, 2024 (date) — Date of Purchase Agreement
- 291,000 (dollar_amount) — Number of ADSs sold
- 2,328,000 (dollar_amount) — Number of common shares represented by ADSs
FAQ
What is the total number of common shares represented by the ADSs being sold?
The 291,000 ADSs represent 2,328,000 common shares.
Who is the buyer of the securities?
The securities are being purchased by a single institutional investor.
What is the date of the definitive securities purchase agreement?
The definitive securities purchase agreement was entered into on December 10, 2024.
Does this filing specify the price per ADS or the total proceeds from the sale?
No, this filing (Form 6-K) does not specify the price per ADS or the total proceeds from the sale.
What form is Eco Wave Power Global AB (publ) reporting under?
Eco Wave Power Global AB (publ) is reporting under Form 6-K.
Filing Stats: 1,227 words · 5 min read · ~4 pages · Grade level 12.5 · Accepted 2024-12-11 20:32:46
Key Financial Figures
- $10.00 — Shares”), at a purchase price of $10.00 per ADS in a registered direct offering
- $9.9999 — 0 Common Shares, at a purchase price of $9.9999 per Pre-Funded Warrant. The total gross
- $3.0 million — m the Offering will total approximately $3.0 million. The closing of the sale of the ADSs is
- $0.0001 — urchase one ADS at an exercise price of $0.0001 per ADS. The Pre-Funded Warrants are ex
- $35,000 — with the Offering in an amount of up to $35,000. The ADSs and the Pre-Funded Warrants
- $3.0 Million — quo;Eco Wave Power Announces Pricing of $3.0 Million Registered Direct Offering to Propel Co
Filing Documents
- ea0224399-6k_ecowave.htm (6-K) — 22KB
- ea022439901ex4-1_ecowave.htm (EX-4.1) — 103KB
- ea022439901ex5-1_ecowave.htm (EX-5.1) — 15KB
- ea022439901ex5-2_ecowave.htm (EX-5.2) — 11KB
- ea022439901ex10-1_ecowave.htm (EX-10.1) — 199KB
- ea022439901ex10-2_ecowave.htm (EX-10.2) — 58KB
- ea022439901ex99-1_ecowave.htm (EX-99.1) — 11KB
- ex5-2_001.jpg (GRAPHIC) — 6KB
- ex5-2_002.jpg (GRAPHIC) — 2KB
- 0001213900-24-108004.txt ( ) — 431KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Eco Wave Power Global AB (publ) By: /s/ Aharon Yehuda Aharon Yehuda Chief Financial Officer Date: December 11, 2024 3