STAK INC. ( (STAK) ) has provided an update.
On March 3, 2025, STAK Inc. announced that the underwriters of its initial public offering partially exercised their option to purchase an additional 160,349 ordinary shares at $4.00 per share, with the transaction closing on March 4, 2025. This exercise brought the total gross proceeds from the IPO to $5.64 million, before expenses, marking a significant financial milestone for the company as it strengthens its market presence in the oilfield equipment industry.
More about STAK INC.
STAK Inc. is a fast-growing company that specializes in the research, development, manufacturing, and sale of oilfield-specific production and maintenance equipment. The company designs and manufactures specialized oilfield vehicles by integrating equipment onto vehicle chassis in collaboration with specialized vehicle manufacturing companies. Additionally, STAK Inc. offers oilfield equipment components and automation solutions, aiming to enhance efficiency and reduce costs for oilfield service companies in China.
YTD Price Performance: -0.67%
Average Trading Volume: 407,564
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