Fracta, Inc. announced that it will receive an equity round of funding on May 30, 2018. The company has entered into an agreement with new investor Kurita Water Industries Ltd. (TSE:6370). Kurita Water Industries Ltd. (TSE:6370) will subscribe for outstanding and new shares for proceeds of $37 million. Post the closing, the investor will acquire 50.1% stake in the transaction. The transaction has been approved by the board of directors of the investor. The transaction is expected to close by May 31, 2018.