Josab Water Solutions AB (publ) (NGM:JOSA) announced a private placement of 7,000,000 common shares at a price of SEK 2 per share for gross proceeds of SEK 14,000,000 on November 13, 2019. The transaction will include participation from new investor Global Ecotech Holdings Group Ltd. The company will also issue series 1 warrants entitling the holder to acquire 6,000,000 shares at an exercise price of SEK 6 per share for a period of 12 months, series 2 warrants entitling the holder to acquire 10,000,000 shares at an exercise price of SEK 8 per share for a period of 24 months, and series 3 warrants entitling the holder to acquire 10,000,000 shares at an exercise price of SEK 10 per share for a period of 36 months. If all warrants are fully exercised, the share capital of the company would increase by SEK 3,300,000, and the number of shares would increase by 33,000,000. The transaction is subject to shareholders' approval at its extraordinary general meeting.