WAVE News & Events

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.

Eco Wave Power (WAVE) announced that its technology was featured for the second time in an Nvidia (NVDA) GTC keynote presentation, this time during Nvidia Founder and CEO Jensen Huang's GTC Taipei 2026 keynote, highlighting the growing role of digital twins and simulation technologies in the optimization of real-world infrastructure. The latest appearance follows Eco Wave Power's inclusion in Nvidia's GTC San Jose keynote presentation in March 2026, marking the second time within approximately three months that Eco Wave Power's technology has been showcased during a flagship Nvidia GTC keynote. During the GTC Taipei keynote, Eco Wave Power's technology appeared as part of Nvidia's showcase of digital twin, simulation, and physical infrastructure applications. The presentation included a digital representation of Eco Wave Power's wave energy technology displaying operational wave and system parameters and demonstrating how advanced simulation technologies can support the optimization of energy infrastructure. The appearance comes as Eco Wave Power continues to advance the development of its wave energy project in Taiwan. Earlier this year, the Company's local partner, I-Ke International Ocean Energy Co., secured the land use agreement for Eco Wave Power's planned pilot installation at Suao Port, Taiwan, representing a key milestone toward deployment of the Company's technology in one of Asia's most important technology and industrial markets. Taiwan plays a central role in the global technology and semiconductor ecosystem and is increasingly at the forefront of AI infrastructure development. Eco Wave Power believes that intelligent renewable energy technologies, supported by digital twins, predictive analytics, and AI-based optimization tools, can play an important role in helping address the growing electricity demands associated with the expansion of AI infrastructure.