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STAK enters MOU to form US subsidiary for AI data center power systems

Mon, 08 Jun 2026 16:05:44 -0400

STAK Inc. (NASDAQ: STAK) announced it has entered into a memorandum of understanding to form a majority-owned subsidiary in the United States. The subsidiary will develop and commercialize modular gas-to-electricity power generation systems targeting artificial intelligence data centers and energy-intensive applications across North America.

The subsidiary will be incorporated in Delaware with operations conducted through a wholly owned entity in Texas. STAK will hold a 60% equity interest in the subsidiary and will consolidate its financial results. Formation of the subsidiary remains subject to execution of definitive agreements and satisfaction of customary closing conditions.

The subsidiary's primary product is a modular gas-powered

Form 6-K STAK Inc. For: Jun 08

Mon, 08 Jun 2026 16:05:00 -0400

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STAK Inc. to Launch AI-Ready Distributed Power Solutions Through Proposed U.S. Subsidiary

Mon, 08 Jun 2026 16:05:00 -0400

Company Establishes Majority-Owned U.S. Subsidiary to Commercialize Modular Gas-to-Electricity Generation Systems for AI Data Centers and Other Energy-Intensive Applications Across North America

CHANGZHOU, China, June 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 that it has entered into a memorandum of understanding (the "MOU") to form a majority-owned subsidiary (the "Subsidiary") in the United States. The Subsidiary will develop, market, and commercialize a proprietary

STAK Inc. to Launch AI-Ready Distributed Power Solutions Through Proposed U.S. Subsidiary

Mon, 08 Jun 2026 16:05:00 -0400

Company Establishes Majority-Owned U.S. Subsidiary to Commercialize Modular Gas-to-Electricity Generation Systems for AI Data Centers and Other Energy-Intensive Applications Across North America

STAK Inc. to Launch AI-Ready Distributed Power Solutions Through Proposed U.S. Subsidiary

Mon, 08 Jun 2026 16:05:00 -0400

Company Establishes Majority-Owned U.S. Subsidiary to Commercialize Modular Gas-to-Electricity Generation Systems for AI Data Centers and Other Energy-Intensive Applications Across North America

STAK Inc. to Launch AI-Ready Distributed Power Solutions Through Proposed U.S. Subsidiary

Mon, 08 Jun 2026 16:05:00 -0400

Company Establishes Majority-Owned U.S. Subsidiary to Commercialize Modular Gas-to-Electricity Generation Systems for AI Data Centers and Other Energy-Intensive Applications Across North America

STAK Inc. to Launch AI-Ready Distributed Power Solutions Through Proposed U.S. Subsidiary

Mon, 08 Jun 2026 16:05:00 -0400

Company Establishes Majority-Owned U.S. Subsidiary to Commercialize Modular Gas-to-Electricity Generation Systems for AI Data Centers and Other Energy-Intensive Applications Across North America

STAK Inc. to Launch AI-Ready Distributed Power Solutions Through Proposed U.S. Subsidiary

Mon, 08 Jun 2026 16:05:00 -0400

Company Establishes Majority-Owned U.S. Subsidiary to Commercialize Modular Gas-to-Electricity Generation Systems for AI Data Centers and Other Energy-Intensive Applications Across North America

STAK reports RMB62.6 million in new energy vehicle revenue for nine months

Tue, 02 Jun 2026 06:06:54 -0400

STAK Inc. (NASDAQ: STAK) reported RMB62.6 million (approximately $9.2 million) in cumulative revenue from its new energy vehicle business for the nine months ended March 31, 2026, according to a company statement.

The oilfield equipment manufacturer began exploring new energy vehicle opportunities in May 2025, generating RMB2.8 million (approximately $0.4 million) in related revenue during its initial two-month launch phase from May through June 2025.

The company currently markets four battery-electric vehicle models designed for oilfield logistics and construction applications. These vehicles feature zero-emission operation and are positioned to meet customer environmental, social, and governance requirements.

STAK holds seven invention patents, three utility

STAK Inc. Accelerates New Energy Vehicle Expansion with Growing Product Portfolio and Intellectual Property

Tue, 02 Jun 2026 04:00:00 -0400

CHANGZHOU, China, June 2, 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 rapid scale-up of its new energy vehicle ("NEV") business, driven by a broadening product lineup and a growing portfolio of patents and software copyrights during the second half of 2025 and the first quarter of 2026.

The Company began exploring NEV-related business opportunities in May 2025 through limited initial deployments and preliminary commercialization activities. During the initial launch phase

STAK Inc. Accelerates New Energy Vehicle Expansion with Growing Product Portfolio and Intellectual Property

Tue, 02 Jun 2026 04:00:00 -0400

The Company began exploring NEV-related business opportunities in May 2025 through limited initial deployments and preliminary commercialization activities. During the initial launch phase

STAK Inc. Announces First Half of Fiscal Year 2026 Financial Results

Wed, 13 May 2026 16:05:00 -0400

CHANGZHOU, China, May 13, 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 its unaudited financial results for the six months ended December 31, 2025.

Mr. Chuanbo Jiang, Chairman and Chief Executive Officer of STAK, commented, "The first half of fiscal year 2026 reflects continued execution of our strategy amid evolving market dynamics. Driven by increase in both order volumes and pricing of our specialized oilfield vehicles, revenues grew to $19.2 million, representing an 13.41% year-over-year increase. This performance reflects growing market recognition

STAK Inc. Announces First Half of Fiscal Year 2026 Financial Results

Wed, 13 May 2026 16:05:00 -0400

Form 6-K STAK Inc. For: May 13

Wed, 13 May 2026 16:05:00 -0400

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STAK regains compliance with Nasdaq minimum bid price rule

Tue, 14 Apr 2026 08:02:22 -0400

STAK Inc. (NASDAQ: STAK) received notification from Nasdaq on April 13 that it has regained compliance with the exchange's minimum bid price requirement of $1.00 per share, according to a company statement.

The China-based oilfield equipment manufacturer had previously received a deficiency notice from Nasdaq on October 15, 2025, when its Class A ordinary shares traded below $1.00 for 30 consecutive business days. Nasdaq determined that from March 27 through April 10, 2026, STAK's closing bid price remained at or above $1.00 for 10 consecutive business days, satisfying the compliance requirement under Nasdaq Listing Rule 5550(a)(2).

The company will continue trading on

Form 6-K STAK Inc. For: Apr 14

Tue, 14 Apr 2026 08:01:00 -0400

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STAK Inc. Regains Compliance with Nasdaq Bid Price Requirement

Tue, 14 Apr 2026 08:00:00 -0400

CHANGZHOU, China, April 14, 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 that on April 13, 2026, the Company received a letter (the "Compliance Letter") from The Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2). As a result, the matter has been closed.

As previously disclosed, on October 15, 2025, the Company received a notification letter from

STAK Inc. Regains Compliance with Nasdaq Bid Price Requirement

Tue, 14 Apr 2026 08:00:00 -0400

As previously disclosed, on October 15, 2025, the Company received a notification letter from

Form 3 STAK Inc. For: Mar 17 Filed by: Li Diana