ISU PETASYS's products. /Courtesy of homepage capture

ISU PETASYS has effectively postponed its schedule for a capital increase, leading to an upward trend in its stock price.

ISU PETASYS shares were traded at 28,150 won on the KOSPI market at 9:25 a.m. on the 16th, up 6.23% (1,650 won) from the previous day.

ISU PETASYS corrected its announcement regarding the capital increase schedule to 'undecided' the previous day. ISU PETASYS noted, "We plan to continue pushing for a capital increase, but the specific schedule is currently undecided, and we will announce the details as soon as they are finalized."

ISU PETASYS has been pursuing a capital increase for the acquisition of carbon nanotube (CNT) manufacturer JEIO and for expansion. During the capital increase process, the amount of new shares reached 31.8% of the existing issued shares, raising concerns among investors about stock dilution.