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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.
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