Company: STAK
Filing Date: 2025-11-14
Form Type: F-1
Source: 0001493152-25-023494
Chunk: 16

Company: STAK Inc.
Filing Date: 2025-11-14
Form: F-1
Chunk 16
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 mainland China. YLAN also established two registered branch offices for its operations in Shiyan, Hubei Province and Guiyang, Guizhou Province in September 2024 and January 2025, respectively.

Our Class A Ordinary
Shares began trading on the Nasdaq under the symbol “STAK” on February 26, 2025. On February 27, 2025, the Company closed
its IPO of 1,250,000 ordinary shares at a public offering price of $4.00 per ordinary share. On March 4, 2025, the underwriters for the
IPO partially exercised their over-allotment option to purchase an additional 160,349 ordinary shares at a public offering price of $4.00
per ordinary share. The total gross proceeds received from the IPO, including proceeds from the exercise of the over-allotment option,
were $5.6 million.

On February 27, 2025,
the Company issued warrants to the Kingswood Capital Partners, LLC, the representative of the underwriters in the IPO, to purchase an
aggregate of 70,517 ordinary shares (the “Representative’s Warrants”). Such Representative’s Warrants have an
exercise price of $4.80 per share. The Representative’s Warrants may be exercised in cash or on a cashless basis, and are exercisable
for five years from February 27, 2025 to 5:00 p.m., Eastern time, February 25, 2030. The Representative’s Warrants are not redeemable
by the Company. As of the date of this prospectus,·70,517 ordinary shares were reserved and no shares were exercised.

The Company (a) by way of
ordinary resolution of shareholders passed at the EGM of the Company held on June 5, 2025 (the “EGM”) (i) re-designated and
re-classified 37,500,000 authorized ordinary shares (including all of the existing issued ordinary shares) as 37,500,000 Class A Ordinary
Shares of par value $0.001 each, cancelled 12,500,000 authorized but unissued ordinary shares and created a new share class of 12,500,000
Class B Ordinary Shares of par value $0.001 each; (ii) immediately after such implementation of dual class structure, increased the
Company’s authorized share capital to $100,000 divided into 75,000,000 Class A Ordinary Shares