Daejin Advanced Materials Completes Amendment Report Submission... Pursuing KOSDAQ Listing in March

Dark horse in secondary battery process materials, Daejin Advanced Materials, has completed the submission of its amended registration statement.

Daejin Advanced Materials, a composite plastic materials and manufacturing specialist company (CEO Seongjun Yuseong), announced on the 21st that it has submitted the amended securities registration statement in response to the Financial Supervisory Service's correction request and is entering the public offering process for listing on KOSDAQ. The lead underwriter is Mirae Asset Securities.

Following the submission of the amended registration statement, Daejin Advanced Materials plans to conduct a demand forecast over five business days from February 11 to 17, followed by subscription on February 20 and 21. Although the scheduled listing date has been slightly postponed from late February to early March, there are no changes to the public offering overview, structure, or the listing promotion.

The total number of shares to be offered in Daejin Advanced Materials' KOSDAQ listing is 3 million shares, with a desired price band of 10,900 to 13,000 KRW per share, and the total expected public offering amount is approximately 32.7 billion to 39 billion KRW. The raised funds will primarily be used for expanding production facilities of its North American subsidiary.

Founded in 2019, Daejin Advanced Materials is the only company in the industry to develop and commercialize CNT surface modification products, setting industry standards. Its main products include anti-static trays and PET release films used in secondary battery processes. The company has established customized recipe design capabilities tailored to customer needs and a unified vertical mass production system. With proactive entry into the U.S. market, it has secured global production bases and provides overwhelming customer responsiveness. As a result, it has recorded a steep sales growth with a CAGR of approximately 69% over five years since its establishment. Notably, the company's sales for the third quarter of 2024 reached 67 billion KRW, surpassing the full-year sales of 64.6 billion KRW in 2023, forecasting record-high performance.

Seongjun Yuseong, CEO of Daejin Advanced Materials, stated, “Daejin Advanced Materials is a recognized technology company setting industry standards, equipped with three key elements: customized design capabilities, a vertically integrated mass production system, and global production bases.” He added, “We will continue relentless technological development to become an all-rounder in advanced industries with ESS process products, anti-static trays for all-solid-state batteries, and lightweight, high-strength materials for the aerospace industry.”

Meanwhile, the total number of shares to be offered by Daejin Advanced Materials is 3 million shares, with a desired price band of 10,900 to 13,000 KRW per share, and the total expected public offering amount is approximately 32.7 billion to 39 billion KRW. The raised funds will mainly be used for expanding production facilities of its North American subsidiary.

This content was produced with the assistance of AI translation services.