STAK Inc.

STAK Inc. (STAK) priced its initial public offering on Feb 26, 2025 at $4.00 per share, raising $5M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $45M. Loeb & Loeb, Ogier and DeHeng Law Offices advised the company and Ellenoff Grossman & Schole and Jincheng Tongda & Neal advised the underwriters.

STAK Inc. researches, develops, manufactures and sells oilfield production and maintenance equipment. It integrates the equipment onto vehicle chassis with specialized vehicle manufacturers to produce oilfield vehicles, and also sells equipment components and related products.

Status

IPO

Ticker

STAK

Exchange

Nasdaq Capital Market

Priced

Feb 26, 2025

IPO price

$4.00

Raised

$5M

Market cap at IPO price

$45M

First filed

Nov 15, 2024

Company counsel

Loeb & Loeb, Ogier and DeHeng Law Offices

Underwriters' counsel

Ellenoff Grossman & Schole and Jincheng Tongda & Neal

Sector

Industrials & materials

Country / state

China

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.