Company: STAK
Filing Date: 2025-11-14
Form Type: F-1
Source: 0001493152-25-023494
Chunk: 18

Company: STAK Inc.
Filing Date: 2025-11-14
Form: F-1
Chunk 18
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 may lose our foreign private issuer status in the future, which could result in significant additional costs and expenses. See page       
 20 of “Risk Factors—Risks Related to This Offering and Our Securities” for further details.                                               |
| ● | We                                                                                                                                        
 have incurred and will continue to incur increased costs as a result of being a public company. See page 21 of “Risk                      
 Factors—Risks Related to This Offering and Our Securities” for further details.                                                           |

Risks Related to Our Capital Structure (for a more detailed discussion, see “Risk Factors—Risks Related to Our Capital Structure” beginning on page 22 of this prospectus)

| ● | Our                                                                                                                                    
 dual class share structure with different voting rights may adversely affect the value and liquidity of the Class A Ordinary Shares.   
 See page 22 of “Risk Factors—Risks Related to Our Capital Structure” for further details.                                              |
| ● | Our                                                                                                                                    
 dual class share structure with different voting rights, as well as the concentration of our share ownership among executive officers, 
 directors and principal shareholders, will limit your ability to influence corporate matters and could discourage others from pursuing 
 any change of control transactions that holders of our Class A Ordinary Shares may view as beneficial. See page 22 of “Risk            
 Factors—Risks Related to Our Capital Structure” for further details.                                                                   |
| ● | Future                                                                                                                                 
 issuances of Class B Ordinary Shares may be dilutive to holders of Class A Ordinary Shares. See page 22 of “Risk                       
 Factors—Risks Related to Our Capital Structure” for further details.                                                                   |

| 12 |

CSRC Approval Required for This Offering

Recent statements by the Chinese government have indicated an intent to exert more oversight and control over offerings that are conducted overseas and/or foreign investments in mainland China-based issuers. On July 6, 2021, the General Office of the Communist Party of China Central Committee and the General Office of the State Council jointly issued a document to crack down on illegal activities in the securities market and promote the high-quality development of the capital market, which, among other things, requires the relevant governmental authorities to strengthen cross-border oversight of law-enforcement and judicial cooperation, to enhance supervision over mainland China-based companies listed overseas, and to establish and improve the system of extraterritorial application of the PRC securities laws.

Furthermore, on December 28, 2021, the CAC, the NDRC, and several other administrations jointly issued the Revised Review Measures, which