Aqualine Ltd. announced a private placement of 464,000 common shares at a price of ¥431 per share for the gross proceeds of ¥199,984,000 on February 10, 2023. The transaction is expected to close on February 28, 2023. The transaction has been approved by the shareholder's of the company.

The shares will be allotted through third party allotment of shares. The transaction will include participation from returning investor, Japan Best Rescue System Co.,Ltd. for 232,000 shares and Hajime Watabiki for 232,000 shares of the company.