Microsatellite Solutions Provider NARA SPACE Initiates KOSDAQ Listing

**Title: NaraSpace Announces KOSDAQ Listing Bid with 'End-to-End' Total Solution for Small Satellites... Demonstrating Overwhelming Technology and Growth** **Content:** NaraSpace Technology (hereinafter NaraSpace), a small satellite total solution company, held a press conference at 63 Square in Yeouido, Seoul, on the 2nd, announcing a strong vision and growth strategy for its KOSDAQ listing. CEO Park Jae-pil expressed his ambition to lead the small satellite market, which is central to the upcoming New Space era. NaraSpace's greatest strength is its unique 'End-to-End' integrated solution, encompassing the entire satellite business from satellite design, manufacturing, operation, to data analysis services. Notably, following the successful launch and communication with its self-developed small satellite 'Observer-1A' in November 2023, and recently achieving successful communication with 'GyeonggiSat-1 (Observer-1B)', it is now operating a total of two self-developed satellites. Through this, by securing 'Space Heritage', a record of performance verification in the space environment, NaraSpace has proven its excellent technological capability to independently carry out the entire process for commercial-grade small satellites. Unlike other companies that focus on specific areas such as satellite manufacturing and operation (upstream) or image data sales and analysis (downstream), NaraSpace has built differentiated competitiveness with its 'turnkey service' that provides the entire process in an integrated manner. Based on this technological prowess, it is actively engaged in various collaborations, including the K-radcube and GyeonggiSat projects, with major government agencies and private companies such as the Korea Astronomy and Space Science Institute (KASI), Korea Aerospace Research Institute (KARI), Gyeonggi Province, and Hanwha Systems. NaraSpace's business performance shows rapid growth based on this technological capability. The annual new order volume surged by more than 7 times, from 2.58 billion won in 2023 to 19.94 billion won in 2024. Revenue also recorded 1.63 billion won in 2023 and 4.3 billion won in 2024, with cumulative revenue for Q3 2025 already reaching 11.37 billion won, significantly exceeding the previous year's annual revenue and proving explosive growth. CEO Park Jae-pil emphasized that "in the New Space era, where the importance of small satellites is growing daily, NaraSpace's integrated solution will further solidify its position in the market," and presented a future vision. The total number of shares offered by NaraSpace is 1.72 million, and the desired offering price per share is between 13,100 won and 16,500 won. Through this, the company plans to raise funds ranging from approximately 22.5 billion won to 28.4 billion won. Demand forecasting for institutional investors was conducted until the 2nd, and after general subscription from the 8th to the 9th, the company plans to list on the KOSDAQ market in December. The lead underwriter for the listing is Samsung Securities.