SECsense Logo

Eco Wave Power Report: Milestone Achieved in Portuguese Wave Energy Project

$WAVE
Form 6-K
Filed on: 2025-01-13
Source
Eco Wave Power Report: Milestone Achieved in Portuguese Wave Energy Project

Here are the key insights and information extracted from the provided section of the financial report filed by Eco Wave Power Global AB:

  1. Filing Type and Date:
  • The document is a Form 6-K, which is a report of a foreign private issuer.
  • Date of the report: January 13, 2025.
  1. Company Information:
  • Company Name: Eco Wave Power Global AB (publ).
  • Address: 52 Derech Menachem Begin St., Tel Aviv–Yafo, Israel 6713701.
  • SEC Commission File Number: 001-40554.
  1. Annual Report Filing Information:
  • The registrant indicated it files annual reports under Form 20-F and does not file under Form 40-F.
  1. Key Announcement:
  • On January 13, 2025, the company issued a press release announcing a significant milestone in a Portuguese wave energy project, which is set to launch in 2026. This suggests progress in Eco Wave Power's initiatives and potential for future growth and expansion.
  1. Incorporation of Press Release:
  • The press release titled "Eco Wave Power Reaches Key Milestone in Portuguese Wave Energy Project, Paving the Way for a 2026 Launch and Global Expansion" is attached as Exhibit 99.1 and is incorporated by reference into the company’s Registration Statements on Form F-3.
  1. Signature and Authorization:
  • The report is signed by Aharon Yehuda, the Chief Financial Officer of Eco Wave Power Global AB, confirming the authenticity of the document.
  1. Forward-Looking Statements:
  • It is noted that the first six paragraphs and the "Forward-Looking Statements" section of the press release are included in the report, indicating a strategic emphasis on future-oriented communication.
  1. Exhibit Index:
  • The document references Exhibit 99.1, which contains the specific press release related to the key milestone in the Portuguese project.

Summary:

This report highlights an important development for Eco Wave Power Global AB, showcasing their advancements in wave energy technology and a projected timeline for launching a project in Portugal. The acknowledgment of filing under Form 20-F emphasizes their reporting obligations to the SEC, which could affect investor perception and market confidence. The incorporation of forward-looking statements suggests a focus on strategic growth and expansion in the renewable energy sector.