ISU PETASYS announced on the 11th that the total subscription rate of existing shareholders for the paid capital increase was recorded at 104.43%.
The employee stock ownership association of ISU PETASYS fully subscribed to the allocated new shares (304,884 shares), and the largest shareholder, ISU, subscribed to 120% of the allocated new shares, thus concluding the paid capital increase process without a subscription procedure for general investors.
The 11,139 unallocated shares will be acquired by the lead underwriter, NH Investment & Securities, along with Shinhan Investment Corporation and Shinyoung Securities. After completing the payment process, the new shares are expected to be listed on the 2nd of next month.
ISU PETASYS will issue 10,162,800 new shares at 27,800 won each, raising over 282.5 billion won. The company plans to use these funds to expand the existing first to fourth factories and establish a fifth factory.