STAK Inc. Announces Closing of US$2.3 Million Registered Direct Offering

Rhea-AI Summary

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.

Positive

• Gross proceeds of approximately US$2.3 million
• Net proceeds of approximately US$2.2 million
• Offering conducted without underwriters via direct investor agreements

Negative

• Issued 6,000,000 Class A shares, causing immediate shareholder dilution
• Up to 9,000,000 additional shares may be issued upon warrant exercise

News Market Reaction

-4.80%

1 alert

-4.80% News Effect

-$267K Valuation Impact

$5M Market Cap

0.4x Rel. Volume

On the day this news was published, STAK declined 4.80%, reflecting a moderate negative market reaction. This price movement removed approximately $267K from the company's valuation, bringing the market cap to $5M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Units offered: 6,000,000 Units Offering price: US$0.38 per Unit Gross proceeds: US$2.3 million +5 more

8 metrics

Units offered 6,000,000 Units Registered direct offering size

Offering price US$0.38 per Unit Public offering price for Units

Gross proceeds US$2.3 million Aggregate gross proceeds from offering

Net proceeds US$2.2 million Net of offering expenses

Shares in Units 6,000,000 Class A shares Shares issued as part of Units

Warrant shares Up to 9,000,000 Class A shares Maximum shares issuable upon warrant exercise

Warrant exercise price US$0.46 per share Initial exercise price (120% of Unit price)

Warrant term Three years Duration of warrants issued in offering

Market Reality Check

Price: $0.3304 Vol: Volume 22,072 is about 0....

low vol

$0.3304 Last Close

Volume Volume 22,072 is about 0.37x the 20-day average of 59,046 shares. low

Technical Trading below 200-day MA of 1.4, with last price at 0.44.

Peers on Argus

Peer moves were mixed: KLXE up 0.41%, RCON up 1.23%, while NINE fell 6.52% and o...

Peer moves were mixed: KLXE up 0.41%, RCON up 1.23%, while NINE fell 6.52% and others were modestly negative, suggesting stock-specific factors for STAK.

Market Pulse Summary

This announcement details a completed registered direct offering of 6,000,000 Units at US$0.38, prov...

Analysis

This announcement details a completed registered direct offering of 6,000,000 Units at US$0.38, providing about US$2.2 million in net proceeds for R&D, working capital, and general purposes. The structure includes warrants with a three-year term and a US$0.46 exercise price, which may add future share overhang. Investors may track how efficiently this capital is deployed and how it interacts with existing Nasdaq listing requirements and trading levels.

Key Terms

warrants, public offering price, registration statement on form f-1, prospectus, +2 more

6 terms

warrants financial

"and (ii) one and one-half warrants (each, a "Warrant"), each whole warrant to purchase"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

public offering price financial

"Units at a public offering price of US$0.38 per Unit, for aggregate gross proceeds"

The public offering price is the amount of money a company charges investors to buy its shares during a new stock sale to the public. It determines how much the company raises and how much each share is worth at the start of trading. For investors, it helps gauge the initial value of the stock and whether it might be a good investment opportunity.

registration statement on form f-1 regulatory

"offered pursuant to a registration statement on Form F-1, as amended, (File No."

A registration statement on Form F-1 is a legal document companies file with regulators to offer their shares to investors in a foreign country or market. It provides essential information about the company's business, finances, and risks, helping investors make informed decisions about whether to buy its stock. This process ensures transparency and protects investors by making company details publicly available before trading begins.

prospectus regulatory

"A final prospectus relating to the Offering has been filed with the SEC"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

securities purchase agreement financial

"pursuant to a securities purchase agreement (the "Purchase Agreement")."

A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

arm's-length negotiations financial

"terms of the Offering were determined through arm's-length negotiations between the Company"

Negotiations carried out by independent parties who each look out for their own interests, without special relationships or hidden influence, so the outcome reflects normal market terms. Investors care because arm's-length deals are more likely to show a fair price and true risk—think buying a car from a stranger rather than a relative, where the stranger’s offer is more likely to reflect the car’s real market value and not a friendly discount or favoritism.

AI-generated analysis. Not financial advice.

CHANGZHOU, China, Jan. 8, 2026 /PRNewswire/ -- STAK Inc. (the "Company" or "STAK") (Nasdaq: STAK), a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment, today announced the closing of its registered direct offering (the "Offering") of 6,000,000 units (the "Units") at a public offering price of US$0.38 per Unit, for aggregate gross proceeds of approximately US$2.3 million.

Each Unit consists of (i) one Class A ordinary share, par value $0.001 per share (each, a "Class A Ordinary Share"), and (ii) one and one-half warrants (each, a "Warrant"), each whole warrant to purchase one Class A Ordinary Share. A total of 6,000,000 Class A Ordinary Shares were issued as part of the Units, and up to 9,000,000 Class A Ordinary Shares may be issued upon the exercise of the Warrants. The Warrants have a three-year term and are exercisable beginning on the second anniversary of issuance, subject to adjustment in accordance with the terms of the Warrant and applicable laws, at an initial exercise price equal to 120% of the public offering price of the Units (US$0.46 per share).

The Company received net proceeds of approximately US$2.2 million from the Offering, after deducting offering expenses payable by the Company. The Company intends to use the net proceeds from the Offering for research and development, working capital, and other general corporate purposes.

The Units were offered directly to certain investors (the "Investors") pursuant to a securities purchase agreement (the "Purchase Agreement"). The Offering was conducted without the participation of any underwriters or placement agents. The Company entered into the Purchase Agreement directly with the Investors, and the price and other terms of the Offering were determined through arm's-length negotiations between the Company and each Investor.

The securities above were offered pursuant to a registration statement on Form F-1, as amended, (File No. 333-291542) which was declared effective by the Securities and Exchange Commission (the "SEC") on January 2, 2026. A final prospectus relating to the Offering has been filed with the SEC and is available on the SEC's website at http://www.sec.gov. The Offering was made only by means of a prospectus forming part of the effective registration statement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

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 oilfield-specialized production and maintenance equipment, then collaborates with qualified specialized vehicle manufacturing companies to integrate the equipment onto vehicle chassis, producing specialized oilfield vehicles for sale. Additionally, the Company sells oilfield-specialized equipment components, related products, and provides automation solutions. Its vision is to help oilfield services companies reduce costs and increase efficiency by providing the cutting-edge integrated oilfield equipment and automation solutions service. Its mission is to become a powerful provider for the niche markets of specialized oilfield vehicles and equipment in China. For more information, please visit the Company's website at https://www.stakindustry.com/ir/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.

For more information, please contact:

STAK Inc.
Investor Relations Department
Email: ir@stakindustry.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

View original content:https://www.prnewswire.com/news-releases/stak-inc-announces-closing-of-us2-3-million-registered-direct-offering-302656627.html

SOURCE STAK Inc.

FAQ

What did STAK announce on January 8, 2026 regarding a registered direct offering?

STAK closed a registered direct offering of 6,000,000 Units at US$0.38 per Unit for gross proceeds of ~US$2.3M and net proceeds of ~US$2.2M.

How many STAK shares and warrants were included in the January 2026 offering?

Each Unit included one Class A share and 1.5 warrants; 6,000,000 shares were issued and up to 9,000,000 shares may be issued upon warrant exercise.

When can investors exercise the warrants issued in STAK's January 2026 offering (STAK)?

The warrants have a three-year term and are exercisable beginning on the second anniversary of issuance at an initial exercise price of US$0.46 per share.

What will STAK use the net proceeds from the US$2.3 million offering for?

The company intends to use net proceeds for research and development, working capital, and other general corporate purposes.

Was the STAK offering underwritten or privately placed by agents?

The Offering was completed without underwriters or placement agents and was entered into directly with investors via negotiated purchase agreements.

Where was STAK's registered offering filed and when was the registration declared effective?

The securities were offered under a Form F-1 registration statement (File No. 333-291542) declared effective by the SEC on January 2, 2026.