NS TOOL USA, INC. announced that it will raise $0.5 million in an equity round of funding on March 10, 2023. The transaction will include participation from returning investor, NS Tool Co., Ltd. Post the completion of transaction, the share capital will increase from $0.2 million to $0.7 million. The transaction is expected to close the transaction in March, 2023.

The transaction has been approved at the board of directors of the company.