CHANGZHOU, China, Feb. 25, 2025 — STAK Inc., a rapidly expanding company focused on the research, development, production, and sales of specialized equipment for oilfield production and maintenance, today announced the pricing of its initial public offering (the “Offering”) of 1,250,000 ordinary shares at a price of US$4.00 per share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to begin trading on February 26, 2025, under the ticker symbol “STAK.” The Offering is expected to close around February 27, 2025, pending standard closing conditions.

The Company anticipates receiving total gross proceeds of US$5 million from the Offering, before deducting underwriting discounts and other associated expenses. Additionally, the Company has granted the underwriters an option to purchase up to an additional 187,500 ordinary shares, representing 15% of the ordinary shares sold in the Offering, at the public offering price less underwriting discounts, exercisable for 45 days.

The Offering is being managed on a firm commitment basis. Kingswood Capital Partners, LLC is serving as the underwriter’s representative.

A registration statement on Form F-1 related to the Offering was filed with the Securities and Exchange Commission (the “SEC”) (File Number: 333-283258), as amended, and was declared effective by the SEC on February 25, 2025. The Offering is being made solely through a prospectus that is part of the registration statement. Copies of the prospectus concerning the Offering can be obtained, when available, from Kingswood Capital Partners, LLC at 7280 W Palmetto Park Rd., Suite 301, Boca Raton, FL 33433, by email at , or by phone at (561) 961-0505. Furthermore, the prospectus for the Offering can be accessed on the SEC’s website at .

Prior to investing, you should review the registration statement, the preliminary prospectus contained within it, the final prospectus (when available), and other documents the Company has filed or will file with the SEC for a more thorough understanding of the Company and the Offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States without registration or an applicable exemption from registration. Furthermore, there shall be no offer, solicitation, or sale of any of the Company’s securities in any state or jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.

About STAK Inc.

STAK Inc. is a rapidly growing company that specializes in researching, developing, manufacturing, and selling specialized oilfield production and maintenance equipment. The Company designs and manufactures this equipment and then collaborates with qualified specialized vehicle manufacturers to integrate the equipment onto vehicle chassis, producing specialized oilfield vehicles for sale. Additionally, the Company sells specialized oilfield equipment components and related products, and provides automation solutions. The company aims to help oilfield services companies lower costs and increase efficiency by offering advanced integrated oilfield equipment and automation solutions. Its goal is to become a leading provider in the niche markets for specialized oilfield vehicles and equipment in China. For further details, please visit the Company’s website at .

Forward-Looking Statements

Certain statements within this announcement are forward-looking, including, but not limited to, statements regarding the Company’s proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties. They are based on the Company’s current expectations and projections regarding future events that the Company believes could affect its financial condition, operating results, business strategy, and financial needs, including the expectation that the Offering will be completed successfully. Investors can often identify these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “potential,” “intend,” “plan,” “believe,” “likely to,” or similar expressions in this prospectus. The Company is not obligated to update or revise any forward-looking statements to reflect subsequent events or circumstances or changes in its expectations, except as required by law. While the Company believes these forward-looking statements are reasonable, it cannot guarantee that these expectations will be correct. The Company advises investors that actual results may differ materially from anticipated results and encourages investors to review other factors that could affect its future results in the Company’s registration statement and other filings with the SEC.

For more information, please contact:

STAK Inc.
Investor Relations Department
Email:

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email:

SOURCE STAK Inc.

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