INEST, Inc. announced a private placement of 41,379,400 common shares at a price of ¥58 per share for gross proceeds of ¥2,400,005,200 on November 15, 2023. The transaction included participation from new investor Premium Water Holdings,Inc. The payment date of the transaction is December 8, 2023. The transaction has been approved by the board of directors of the company.

The company is raising funding through third-party allotment. The company has disclosed the issue expenses of ¥8,000,000.