Initial Public Offering on Nasdaq First North

18 July 2019, EWP started trading on Nasdaq First North Stockholm. The IPO 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.”

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, info@fnca.se, is the company’s Certified Adviser.

 

Eco Wave Power announces initial public offering

June 26, 2019, Eco Wave Power announces initial public offering in connection with listing on Nasdaq First North Stockholm and publishes prospectus.

Link to the press release.

 

Eco Wave Power announces IPO investors

July 4, 2019, Eco Wave Power announced that the Fourth Swedish National Pension Fund (AP4) and Skandia, one of the leading Swedish insurance companies, along with other investors, including board members, Mats Andersson and Elias Jacobson will invest SEK 25m in the company’s ongoing IPO.

Link to the press release.

 

Raises SEK 122m in the IPO

July 11, Eco Wave Power announced that it had raised SEK 122m in the IPO on Nasdaq First North Stockholm, making it the second largest listing on Nasdaq First North so far this year.

Link to the press release.

 

EWPG approved by Nasdaq

On July 15, 2019, EWPG received approval, associated with customary terms, for listing of the company’s shares on Nasdaq First North Stockholm and first day of trading will take place on Thursday July 18, 2019.

Link to the press release.