Eco Wave Power Global AB Files For Offering Of Up To 1.83M ADS By The Selling Shareholders
Portfolio Pulse from Benzinga Newsdesk
Eco Wave Power Global AB has filed for an offering of up to 1.83 million American Depositary Shares (ADS) by the selling shareholders, as per an SEC filing.
September 13, 2024 | 8:13 pm
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Eco Wave Power Global AB is planning an offering of up to 1.83 million ADS by selling shareholders, which could impact the stock price due to potential dilution.
The offering of additional shares by selling shareholders can lead to stock dilution, which often results in a decrease in stock price. The SEC filing indicates a significant number of shares, which could impact investor sentiment and market perception.
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