Company: STAK
Filing Date: 2025-11-14
Form Type: F-1
Source: 0001493152-25-023494
Chunk: 36

Company: STAK Inc.
Filing Date: 2025-11-14
Form: F-1
Chunk 36
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 on an actual basis and 9,200,000 Class B Ordinary Shares outstanding on a pro forma 
 basis                                                                                                                             |     |          9,200 |   |     |      9,200 |   |
| Additional paid-in capital                                                                                                        |     |     12,157,104 |   |     | 15,034,372 |   |
| Statutory reserves                                                                                                                |     |        672,402 |   |     |    672,402 |   |
| Retained earnings                                                                                                                 |     |        324,893 |   |     |    324,893 |   |
| Accumulated comprehensive loss                                                                                                    |     |       (267,863 | ) |     |   (267,863 | ) |
| Total equity                                                                                                                      |     |     12,899,746 |   |     | 15,780,014 |   |
| Total capitalization                                                                                                              |     |     18,955,361 |   |     | 21,835,629 |   |

| 26 |

<div align='center'>DILUTION</div>

If you invest in our securities, assuming no value is attributed to any of the Warrants included in the Units offered hereby, your interest will be diluted to the extent of the difference between the public offering price per share and our net tangible book value per share after this offering. Dilution results from the fact that the public offering price per share is substantially in excess of the book value per share attributable to the existing shareholders for our presently outstanding Ordinary Shares.

Net tangible book value represents the amount of our total assets, excluding intangible assets, right-of-use assets and deferred tax assets, less our total liabilities. Our net tangible book value as of June 30, 2025 was $9,901,678, or $0.75 per share. Dilution is determined by subtracting the net tangible book value per share (as adjusted for the offering) from the public offering price per share and after deducting estimated offering expenses payable by us.

After giving effect to the issuance and sale of 3,000,000 Units offered hereby at an assumed public offering price of $1.0 per Unit, and after deducting estimated offering expenses payable by us and assuming that all Units are sold and none of the Warrants included in the Units is exercised, our pro forma net tangible book value as of June 30, 2025 would have been $0.79 per share. This represents