EWPG Holding AB (“Eco Wave Power or the “Company”) has 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.
Prior to listing, EWPG Holding AB has completed a new share issue corresponding to 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.
The issue in brief
Issued amount: SEK 121,791,786
Number of issued shares: 6,410,094
Issue price: SEK 19.00 per share
Short name: EWP
After the new share issue there are 35,249,344 shares in EWPG Holding AB.
Full press release here.