Delica Foods Holdings Co., Ltd. announced that it has signed a memorandum of understanding for 1,500,000 common shares at an issue price of ¥527 for a gross proceeds of ¥790,500,000. The transaction will include participation from returning investor, Air Water Inc. for 1,500,000 common shares. The company issued shares through third party allotment method.

The transaction is expected to close on March 8, 2023. The transaction has been approved by the board of directors.