Josab Water Solutions AB (publ) announced a private placement of 425,850,000 shares at a price of SEK 0.1 per share for a gross proceeds of SEK 42,585,000 on March 30, 2023. The transaction will include participation from returning investor, Vimab Group AB (publ) with 81.1% stake post completion of the transaction. The transaction has been approved by the extraordinary general meeting.