Eco Wave Power Receives Green Light For The Repurchase Of ~10% Of Its American Depositary Shares
Portfolio Pulse from Benzinga Newsdesk
Eco Wave Power Global AB (NASDAQ:WAVE) has received approval from the Swedish Financial Supervisory Authority to repurchase up to 10% of its American Depositary Shares (ADS). The company will proceed with agreements for the buyback.
August 08, 2024 | 1:00 pm
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Eco Wave Power Global AB has received approval to repurchase up to 10% of its American Depositary Shares, which could positively impact the stock price in the short term.
The approval for the repurchase of up to 10% of its ADS is likely to reduce the number of shares available in the market, potentially increasing the stock price due to the buyback effect.
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