Welcome to our dedicated page for STAK news (Ticker: STAK), a resource for investors and traders seeking the latest updates and insights on STAK stock.
STAK Inc. (Nasdaq: STAK) is a company in the Oil & Gas Equipment & Services industry that focuses on the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment. The company’s news flow reflects its activities in specialized oilfield equipment, specialized oilfield vehicles, capital markets transactions, and regulatory reporting as a foreign private issuer.
On this page, readers can find news items that describe STAK’s financial performance, including unaudited consolidated results for its fiscal periods, along with management commentary on revenue trends, gross profit margins, operating expenses, and net income. These releases often explain how demand for specialized oilfield equipment and vehicles, product mix decisions, and research and development investments affect the company’s results.
STAK’s news also covers capital markets events, such as its initial public offering on the Nasdaq Capital Market and subsequent registered direct offerings of shares and warrants. These announcements detail the structure of offerings, gross and net proceeds, and the intended use of capital for research and development, working capital, and general corporate purposes.
As a Nasdaq-listed foreign private issuer, STAK may also appear in news related to its SEC filings and listing status, including disclosures about compliance with Nasdaq’s minimum bid price requirements. Investors and followers of the energy and oilfield equipment space can use this news feed to review official company communications, track changes in revenue composition between specialized equipment, vehicles, and services, and monitor developments in the company’s financing and regulatory profile.
For ongoing research into STAK stock, this news page serves as a centralized view of the company’s press releases and reported milestones over time.
STAK (Nasdaq: STAK) closed a registered direct offering on January 8, 2026, issuing 6,000,000 Units at US$0.38 per Unit for gross proceeds of approximately US$2.3 million and net proceeds of approximately US$2.2 million. Each Unit includes one Class A ordinary share and 1.5 warrants, so up to 9,000,000 Class A shares may be issued upon warrant exercise. Warrants carry a three-year term and are exercisable beginning on the second anniversary at an initial exercise price of US$0.46 per share. The Offering was completed via direct negotiated purchase agreements without underwriters and was registered on Form F-1 declared effective January 2, 2026. Proceeds are earmarked for research and development, working capital, and general corporate purposes.
STAK reported strong financial results for H1 FY2025, with revenues reaching $17.0 million, up 24.44% year-over-year. The company's gross profit increased 33.63% to $5.2 million, with improved margins of 30.65%. Net income grew 23.81% to $2.0 million, with EPS of $0.20.
Sales of specialized oilfield equipment surged 73.54% to $9.5 million, while oilfield vehicles sales increased 58.27% to $5.6 million. R&D expenses rose 52.71% to $1.5 million as the company focused on product innovation.
Notably, STAK completed its IPO on February 27, 2025, raising $5.64 million by offering 1,410,349 shares at $4.00 per share. The company began trading on the Nasdaq Capital Market under 'STAK' on February 26, 2025.
STAK Inc. (Nasdaq: STAK) announced that underwriters of its initial public offering have partially exercised their over-allotment option to purchase an additional 160,349 ordinary shares at $4.00 per share. The total gross proceeds from the IPO, including this partial over-allotment exercise, reached $5.64 million before deducting underwriting discounts and expenses.
The company, which specializes in oilfield production and maintenance equipment research, development, manufacturing, and sales, began trading on the Nasdaq Capital Market on February 26, 2025. Kingswood Capital Partners, served as the representative of the underwriters for this firm commitment offering.
STAK Inc., a company focused on oilfield equipment manufacturing, has successfully completed its Initial Public Offering (IPO) on the Nasdaq Capital Market. The company offered 1,250,000 ordinary shares at $4.00 per share, raising gross proceeds of $5 million before deducting underwriting costs.
Trading commenced on February 26, 2025, under the symbol 'STAK'. The underwriters, led by Kingswood Capital Partners, , have a 45-day option to purchase up to 187,500 additional shares at the public offering price less underwriting discounts. The IPO was conducted on a firm commitment basis, with the SEC declaring the registration statement effective on February 25, 2025.