Eco Wave Power Announces Submission of Formal Application for Delisting from Nasdaq First North Growth Market in Stockholm as Part of U.S. Focus
ADSs Will Continue to Trade on the Nasdaq Capital Market in the
The Company submitted the application 90 days after announcing its intention to delist via a press release on
The Company hereby clarifies that it plans to keep the electronic number of the Swedish common shares in place. As a result, holders of the Swedish common shares are under no obligation to take any action and may maintain their current holdings in the current format (meaning there is no obligation to convert the Swedish common shares to American Depositary Shares (the "ADSs")).
If and when a shareholder decides to trade their shares on the Nasdaq Capital Market, only then would they need to convert their common shares to the ADSs.
Eco Wave Power has reached an agreement with
Afterwards, shareholders will be able to convert their common shares into ADSs listed on the Nasdaq Capital Market at any time.
Attached to this press release is a conversion guide which provides further explanation on the share conversion process.
"As we advance new project opportunities in
For more information, please contact:
+972.35094017
For additional inquiries, please contact:
Investor Contact:
FNK IR
+1.646.809.2183
Media Contact:
+1.412.445.7719
About
Eco Wave Power is a leading onshore wave energy technology company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity. Eco Wave Power's mission is to assist in the fight against climate change by enabling commercial power production from the ocean and sea waves.
Eco Wave Power is recognized as a "Pioneering Technology" by the
Eco Wave Power's common shares (ECOWVE) are traded on Nasdaq First North and its ADSs (WAVE) are traded on the Nasdaq Capital Market.
For more info please visit: www.ecowavepower.com.
Information on, or accessible through, the websites mentioned above does not form part of this press release.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Eco Wave Power is using forward-looking statements when it discusses delisting from the Nasdaq First North, elevating its profile and improving liquidity on the Nasdaq
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Release |
|
https://mb.cision.com/Public/18497/3574845/87e11ef71563cf7e.pdf |
Issuance and conversion guide 2022 05 25 |
