Invictus Capital Partners announced that it entered into an agreement with Navigator Global Investments Limited for gross proceeds of $75 million on August 4, 2022. The company intend to pay $15 million at closing of transaction and rest amount over up to three years. The company will issue common stock in the transaction.

Navigator Global Investments Limited will acquire 18.2% in the company with respect to the transaction. The investor committed a total of $100 million in the deal and $75 million is in primary capital. The transaction is expected to close before December 2022, subject to the satisfaction of certain standard conditions precedent.