Eco Wave Power Global (WAVE) has released an update.
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Eco Wave Power Global AB, an onshore wave energy company, has received approval from the Swedish Financial Supervisory Authority to repurchase up to 10% of its American Depositary Shares, with a green light from its shareholders. The company believes the buyback program will enhance shareholder value and improve its capital structure. The repurchase will be conducted on the Nasdaq Capital Market or other regulated markets and is set to occur before the 2025 annual general meeting.
For further insights into WAVE stock, check out TipRanks’ Stock Analysis page.
