Swedish-Israeli wave energy company Eco Wave Power is set to hold a Nasdaq bell ringing ceremony to officially mark the occasion of becoming a publicly listed company on the U.S. stock market.
The bell ringing ceremony will be held on Thursday, January 20, 2022 – more than six months after the company began trading on Nasdaq U.S. under the symbol ‘WAVE’.
Robert J. Karabinchak, who serves in the New Jersey General Assembly for the 18th legislative district, will speak at the ceremony to share his vision for supporting legislation to promote wave energy in New Jersey.
His vision is a first-of-its kind wave energy pilot in the state. The implementation of renewable energy and wave energy in New Jersey is especially important given recent destruction due to climate change, including the recent hurricane Ida, which devastated parts of the state, according to Eco Wave Power.
Eco Wave Powe’s founder and CEO Inna Braverman said: “Becoming a publicly traded company on the U.S. Nasdaq marks the beginning of a new chapter for Eco Wave Power. We have a proven track record for more than a decade of producing clean electricity from ocean and sea waves, with our cutting-edge patented technology.
“We are passionate about responding to climate change by working toward the commercial production of clean electricity from ocean and sea waves. I am incredibly proud of our talented team around the world who embodies our mission to help make the world a better place”.
To remind, following the listing on Nasdaq U.S., Eco Wave Power launched its underwritten initial public offering (IPO), collecting $9.2 million in gross proceeds.