STAK Inc. Completes IPO, Strengthens Market Position

STAK INC. ( (STAK) ) just unveiled an announcement.

STAK Inc. announced the successful completion of its initial public offering (IPO) on February 27, 2025, with the offering of 1,250,000 ordinary shares priced at $4.00 each. The shares began trading on the Nasdaq Capital Market under the ticker symbol ‘STAK’ on February 26, 2025. The IPO, managed by Kingswood Capital Partners, LLC, is expected to generate gross proceeds of $5 million, with an option for underwriters to purchase additional shares. This move marks a significant step for STAK Inc. in strengthening its market position and expanding its financial capabilities to support its growth in the oilfield equipment sector.

More about STAK INC.

STAK Inc. is a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specific production and maintenance equipment. The company designs and manufactures specialized equipment for oilfields, collaborates with vehicle manufacturers to integrate this equipment onto chassis, and provides automation solutions. Its focus is on helping oilfield services companies reduce costs and increase efficiency, aiming to be a leading provider in China’s niche market for specialized oilfield vehicles and equipment.

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