STAK Inc. Successfully Closes $2.3 Million Registered Direct Offering
On January 8, 2026, STAK Inc. (Nasdaq: STAK), a rapidly developing company that focuses on the research, development, manufacturing, and sales of specialized equipment for oilfields, proudly announced the closure of its registered direct offering. This transaction raised approximately $2.3 million, following the sale of 6,000,000 units at an offering price of $0.38 per unit.
Each unit comprises one Class A ordinary share valued at $0.001 and one and a half warrants, each full warrant entitling the holder to purchase an additional Class A ordinary share. In total, 6,000,000 Class A ordinary shares were issued as part of this offering, and there exists an opportunity to issue up to 9,000,000 additional shares through the exercise of warrants. These warrants hold a three-year term and can be exercised starting from the second anniversary of issuance, priced initially at $0.46 per share, representing a 20% uplift on the public offering price.
After covering the offering expenses, STAK is set to retain net proceeds of around $2.2 million. The funds are earmarked for various strategic purposes, including research and development, working capital enhancements, and other corporate needs, reinforcing STAK's commitment to innovation within the oilfield sector.
The offering process was notable for its lack of intermediaries; shares were directly offered to select investors under a securities purchase agreement, reflecting a transparent and straightforward negotiation process. The price of the units and the terms reflected comprehensive negotiations between STAK and its investors, showcasing a trusted relationship.
This offering was executed following the SEC’s declaration of effectiveness of the associated registration statement on February 2, 2026, thereby catalyzing STAK’s ability to expand its financial footprint.
STAK Inc. specializes in creating specialized production and maintenance equipment tailored for the oilfield industry. They not only design and manufacture this equipment but also collaborate with specialized vehicle manufacturers to incorporate these systems into vehicle chassis, thus producing unique oilfield vehicles. STAK's product range contributes significantly to the market, which includes components, related products, and advanced automation solutions aimed at improving the operational efficiency of oilfield service providers.
As a mission-driven entity, the company aims to become a leading supplier in the niche markets of specialized oilfield vehicles and equipment within China. Their vision encompasses assisting oilfield service firms in minimizing costs and enhancing operational efficiency through innovative solutions.
Investors interested in this offering should be aware that certain statements in STAK's announcement are forward-looking declarations. These statements involve various risks and uncertainties predicated on current expectations regarding future events that may influence financial standing and operational performance. Investors are encouraged to stay informed about potential factors that may impact STAK's future outcomes by reviewing official filings with the SEC.
For additional insights about STAK Inc. and its offerings, one may visit their official website at STAK Industry. For investor relations inquiries or further information, interested parties can connect with the STAK Investor Relations Department or reach out to Ascent Investor Relations using provided contact details.
Each unit comprises one Class A ordinary share valued at $0.001 and one and a half warrants, each full warrant entitling the holder to purchase an additional Class A ordinary share. In total, 6,000,000 Class A ordinary shares were issued as part of this offering, and there exists an opportunity to issue up to 9,000,000 additional shares through the exercise of warrants. These warrants hold a three-year term and can be exercised starting from the second anniversary of issuance, priced initially at $0.46 per share, representing a 20% uplift on the public offering price.
After covering the offering expenses, STAK is set to retain net proceeds of around $2.2 million. The funds are earmarked for various strategic purposes, including research and development, working capital enhancements, and other corporate needs, reinforcing STAK's commitment to innovation within the oilfield sector.
The offering process was notable for its lack of intermediaries; shares were directly offered to select investors under a securities purchase agreement, reflecting a transparent and straightforward negotiation process. The price of the units and the terms reflected comprehensive negotiations between STAK and its investors, showcasing a trusted relationship.
This offering was executed following the SEC’s declaration of effectiveness of the associated registration statement on February 2, 2026, thereby catalyzing STAK’s ability to expand its financial footprint.
STAK Inc. specializes in creating specialized production and maintenance equipment tailored for the oilfield industry. They not only design and manufacture this equipment but also collaborate with specialized vehicle manufacturers to incorporate these systems into vehicle chassis, thus producing unique oilfield vehicles. STAK's product range contributes significantly to the market, which includes components, related products, and advanced automation solutions aimed at improving the operational efficiency of oilfield service providers.
As a mission-driven entity, the company aims to become a leading supplier in the niche markets of specialized oilfield vehicles and equipment within China. Their vision encompasses assisting oilfield service firms in minimizing costs and enhancing operational efficiency through innovative solutions.
Investors interested in this offering should be aware that certain statements in STAK's announcement are forward-looking declarations. These statements involve various risks and uncertainties predicated on current expectations regarding future events that may influence financial standing and operational performance. Investors are encouraged to stay informed about potential factors that may impact STAK's future outcomes by reviewing official filings with the SEC.
For additional insights about STAK Inc. and its offerings, one may visit their official website at STAK Industry. For investor relations inquiries or further information, interested parties can connect with the STAK Investor Relations Department or reach out to Ascent Investor Relations using provided contact details.
Topics Consumer Technology）
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