Recent Updates — STAK

STAK Inc. reported fiscal year 2026 results ending June 30, 2026, with revenues increasing 13.21% to $28.2 million from $24.9 million in the prior year. The company returned to profitability, posting net income of $0.4 million compared to a net loss of $5.7 million previously. Basic earnings per share were $0.03, reversing a loss of $0.53 per share. Gross profit margin contracted from 30.86% to 26.43%, while general and administrative expenses declined significantly by 70.57%. STAK Inc. specializes in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment.

STAK Inc. shareholders approved a special resolution to increase the voting rights attached to each Class B ordinary share from thirty to one hundred votes on all matters subject to vote at general meetings. The company also passed resolutions for a share capital reduction and reorganization, which includes reducing the par value of issued shares to USD0.0000001 by cancelling paid-up capital and transferring the credit to a distributable reserve account. Following this reduction, authorized but unissued shares were subdivided 10,000-to-1, and excess authorized shares were cancelled to reset the authorized share capital to USD10 divided into 75 million Class A and 25 million Class B shares. Finally, shareholders approved an increase in authorized share capital from USD10 to USD100,000, creating 749.9 billion additional Class A shares and 249.9 billion additional Class B shares. STAK Inc. specializes in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment.

STAK Inc. announced that it will hold a Class A Meeting and Extraordinary General Meeting (EGM) on October 9, 2026, to vote on significant corporate governance and capital structure changes. Shareholders are asked to approve increasing the voting rights of Class B ordinary shares from thirty to one hundred votes per share. The filings also propose a share capital reduction reducing par value from USD0.001 to USD0.0000001, followed by a subdivision of authorized unissued shares and a cancellation of excess shares. Subsequently, the company seeks approval to increase its authorized share capital from USD10 to USD100,000, creating 750 billion Class A and 250 billion Class B ordinary shares. These actions fundamentally alter the company's equity structure and voting dynamics. STAK Inc. specializes in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment.

STAK Inc. announced the launch of AI-ready distributed power solutions through a proposed U.S. subsidiary. The filing is a 6-K report of a foreign private issuer.