Eco Wave Power Global AB (publ) (WAVE) News & EventsWAVEEco Wave Power Global AB (publ)

Eco Wave Power Signs Three-Year MoU with WISeQey

Eco Wave Power (WAVE) announced that its wholly owned subsidiary Eco Wave Power U.S. Inc. has entered into a three-year Memorandum of Understanding with WISeQey (WQEY), a global quantum cybersecurity and space IoT company, together with its subsidiaries, Sealsq (LAES), and SEALCOIN AG. The collaboration brings together Eco Wave Power's renewable-energy technology, SEALSQ's secure semiconductors, WISeQey's digital identity expertise and SEALCOIN's machine communication and transaction infrastructure to explore how renewable-energy assets can securely interact with digital services and potential energy buyers. Under the three-year MoU, the parties intend to further develop and evaluate these capabilities for potential commercial applications, particularly connecting renewable-energy producers with AI data centers, industrial facilities, energy aggregators and utilities.

Eco Wave Power Advances 1 MW Wave Energy Project in Portugal

Eco Wave Power Global announced continued progress on its first megawatt-scale wave energy project in Porto, Portugal, following the official commencement by APDL - Administracao dos Portos do Douro, Leixoes e Viana do Castelo - of rehabilitation works at the Barra do Douro breakwater. The rehabilitation works follow storm-related damage to the breakwater and are being carried out by APDL as part of its responsibility for the maintenance and reinforcement of the port infrastructure. The commencement of the works represents an important development for Eco Wave Power's planned 1 MW wave energy installation. Eco Wave Power has received updates from APDL confirming that the rehabilitation works are underway and progressing at the project site, including works affecting the coastal infrastructure designated for the installation of Eco Wave Power's wave energy technology. As the rehabilitation progresses, Eco Wave Power Founder and Chief Executive Officer Inna Braverman will travel to Porto in mid-August 2026 for an official meeting with APDL. The meeting is expected to focus on establishing the anticipated completion timeline for the breakwater rehabilitation works and coordinating the point at which Eco Wave Power will be able to access the relevant infrastructure and proceed with the installation phase of its 1 MW wave energy project. In addition, APDL has agreed to provide Eco Wave Power with a formal letter of support in connection with the Company's request to the relevant Portuguese authorities for an extension of the grid-connection deadline applicable to the first 1 MW phase of the project. The requested extension is intended to align the project's regulatory timetable with the completion of APDL's infrastructure rehabilitation works and the subsequent installation of Eco Wave Power's equipment.

Eco Wave Power Prices 400,000 ADS at $10 Each

Eco Wave Power announced the pricing of its registered direct offering with a single strategic institutional investor. The Offering consists of 400,000 American Depositary Shares 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 $4M, 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.