Welby Inc. announced that it has entered into into a capital and business alliance agreement with new investor Chubu Electric Power Company, Incorporated to issue 434,782 shares a an issue price of ¥1,150 per share for the gross proceeds of ¥499,999,300 on April 10, 2024. The company has disclosed the issue expenses of ¥2,305,000 and the net proceeds of ¥497,694,300. The transaction has been approved by the shareholders of the company and is expected to close on April 26, 2024.