The Swedish director also is known for the 2007 "1408."
"Wake" is about "a modern day Jekyll and Hyde who knows no bounds" — and no fear, according to Hammer.
Hammer, which is owned by Guy East and Nigel Sinclair's Exclusive Media Group, will produce the film with Circle of Confusion, H2F and Slingshot.
Circle of Confusion's David Alpert and H2F's Chris Cowles are producing.
Exclusive Films International will handle worldwide sales.