Airlane, General Subscription Competition Rate 418 to 1... Deposit Amount 1.4 Trillion Won

Payment Due on the 29th

Airrein announced on the 25th that the general subscription recorded a competition rate of 418.31 to 1.

A total of 119,860 subscription applications were received, and the deposit amount was tallied at 1.4432 trillion KRW.

Airrein previously confirmed the public offering price at 23,000 KRW, exceeding the upper limit of the desired range (18,500 KRW) in the demand forecast for institutional investors.

Airrein is the only domestic company specializing in gas separation membrane solutions. It possesses technology to separate gases such as nitrogen, methane, and carbon dioxide through its self-developed gas separation membranes.

Airrein plans to complete payment on the 29th and list on the KOSDAQ market on the 8th of next month.