STAK Inc. IPO opens at $3.62 after $4.00 pricing

Investing.com -- STAK Inc.'s initial public offering of 1,250,000 ordinary shares opened today at $3.62 per share after being priced at $4.00 per share.

These ordinary shares have been approved for listing on the Nasdaq Capital Market and began trading on February 26, 2025, under the ticker symbol NASDAQ:STAK.

STAK Inc. is expecting to receive gross proceeds of $5 million from the offering, before the deduction of underwriting discounts and other related expenses.

The offering is being conducted on a firm commitment basis, with Kingswood Capital Partners, LLC acting as the representative of the underwriter.

In addition to the initial shares, STAK Inc. has also provided the underwriters with a 45-day option. This option allows them to purchase up to an additional 187,500 ordinary shares, which is 15% of the ordinary shares sold in the offering. These additional shares can be bought at the public offering price, but with underwriting discounts applied.

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