Recent Updates — STAK
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.