CHANGZHOU, China, Jan. 8, 2026 /PRNewswire/ -- STAK Inc. (the "Company" or "STAK") (Nasdaq: STAK), a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment, today announced the closing of its registered direct offering (the "Offering") of 6,000,000 units (the "Units") at a public offering price of US$0.38 per Unit, for aggregate gross proceeds of approximately US$2.3 million. Each Unit consists of (i) one Class A ...

As filed with the U.S. Securities and Exchange Commission on December 30, 2025. Registration No. 333-291542 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO.1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 STAK Inc. 斯塔克工业集团有限公司 (Exact Name of Registrant as Specified in its Charter) Not Applicable (Translation of Registrant's Name into English) Cayman Islands 3533 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary St ...

As filed with the U.S. Securities and Exchange Commission on November 14, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 STAK Inc. 斯塔克工业集团有限公司 (Exact Name of Registrant as Specified in its Charter) Not Applicable (Translation of Registrant's Name into English) | Cayman Islands | 3533 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I. ...

Financial Performance - The company reported a net loss of $5.7 million for the fiscal year ended June 30, 2025, compared to a net profit of $2.4 million for the fiscal year ended June 30, 2024[61]. - For the fiscal years ended June 30, 2025 and 2024, specialized oilfield equipment revenue accounted for 48.0% and 46.9% of total revenue, respectively[64]. - As of June 30, 2025, accounts receivable amounted to approximately $2.0 million, down from $3.5 million in 2024, indicating potential cash flow issues[87]. - The demand for oil equipment is highly volatile and often correlates with oil and natural gas prices, complicating future profit predictions[62]. - The company has a limited operating history in specialized oilfield equipment, making it difficult to predict future growth or financial results[64]. Regulatory and Compliance Risks - The company is subject to new regulatory requirements under the Overseas Listing Regulations, which may impose additional compliance burdens[43]. - The Holding Foreign Companies Accountable Act may lead to the prohibition of trading STAK Inc.'s Ordinary Shares if the auditor is not subject to PCAOB inspection for two consecutive years[46]. - The PCAOB has determined it can conduct inspections and investigations of audit firms based in mainland China, which may affect the company's compliance status[51]. - The company is subject to uncertainties regarding compliance with new regulatory requirements, which could adversely affect its ability to pursue subsequent offerings[133]. - The PRC government has significant authority to influence the company's operations, which could materially impact its business and the value of its securities[135]. Corporate Structure and Governance - The company is a "controlled company" under Nasdaq rules, with Mr. Chuanbo Jiang owning 83.7% of Class B Ordinary Shares, representing approximately 77.0% of total voting power[104]. - Directors and officers collectively own approximately 98.6% of total voting power, which may influence corporate transactions and decisions significantly[102]. - The dual class share structure allows Class B shares to have 30 votes per share compared to 1 vote for Class A shares, potentially limiting the influence of Class A shareholders[116]. - Future issuances of Class B Ordinary Shares may dilute the interests of Class A shareholders and further concentrate voting power among certain shareholders[119]. - The company may rely on exemptions from corporate governance rules due to its controlled status, which could afford less protection to public shareholders[110]. Market and Competitive Environment - The company faces intense competition in the oilfield maintenance industry, which may adversely affect its market share and profitability[80]. - The company's growth is dependent on maintaining and enlarging its customer base, which may be affected by competition and customer satisfaction[66]. - The trading price of the Ordinary Shares may be volatile due to factors such as market conditions and the performance of other Chinese companies listed in the U.S.[172]. - The market price of the Ordinary Shares may decline if substantial amounts are sold in the public market or if there is perceived potential for such sales[180]. Operational Challenges - The company relies on a collaborative outsourcing model for production, which poses risks if government policies change or demand exceeds capacity[40]. - The company may face significant liability claims or complaints from customers, which could divert management attention and resources[74]. - The quality of products and services is critical, and any failure in quality control could adversely impact the company's reputation and financial condition[70]. - The company does not maintain insurance for its properties, equipment, or business interruptions, which could expose it to significant liabilities[96]. Future Plans and Investments - The company plans to use part of the IPO proceeds to establish a qualified factory and obtain specialized vehicle production permission, but there is no guarantee of timely approval[40]. - The company plans to invest significantly in acquiring new customers and retaining existing ones, particularly its top customers, to drive net income growth[79]. - The company’s growth strategy relies on raising additional capital for investments in research, development, and marketing, which may not be available on favorable terms[97]. - The company may require additional capital due to changing business conditions, which could lead to selling more equity or incurring debt, resulting in shareholder dilution[183]. Legal and Tax Considerations - The company is subject to potential claims and lawsuits that could divert management's attention and result in significant costs[76]. - There are uncertainties regarding tax implications for transactions involving PRC taxable assets, which may adversely affect financial condition and operations[166]. - The company faces challenges in enforcing foreign judgments in China, which may complicate legal actions against it or its management[167]. - The withholding tax rate of up to 10% applies to dividends payable by Chinese companies to non-PRC-resident enterprises unless exempted or reduced by treaties[143]. COVID-19 Impact - The resurgence of COVID-19 in China has negatively impacted the company's manufacturing business, affecting its financial performance for the fiscal year 2022[99]. Shareholder Rights and Limitations - Shareholders have limited rights to inspect corporate records under Cayman Islands law, which may complicate obtaining necessary information for shareholder actions[108]. - The concentration of ownership may discourage changes in control that could benefit Class A shareholders, impacting their investment value[117].

Group 1 - The top five Chinese concept stocks that experienced the largest declines in closing prices are ChowChow Cloud Inte, Tianruixiang, Quantum Song, Stark Industrial, and Meitu Technology [1] - ChowChow Cloud Inte saw a significant drop of 36.71%, closing at 5.380 with a trading volume of 5.1781 million [1] - Tianruixiang declined by 14.17%, closing at 2.120 with a trading volume of 295,900 [1] - Quantum Song fell by 11.32%, closing at 8.815 with a trading volume of 11.977 million [1] - Stark Industrial decreased by 10.69%, closing at 0.8200 with a trading volume of 891,600 [1] - Meitu Technology dropped by 10.53%, closing at 1.870 with a trading volume of 160,500 [1]

Core Insights - The energy sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1] - The Relative Strength Index (RSI) is a key indicator for identifying oversold conditions, typically below 30 [1] Company Summaries - **Alliance Resource Partners LP (ARLP)**: Reported worse-than-expected Q2 results, cutting its dividend from $0.60 to $0.70 per share. The stock fell approximately 14% over the past month, with a 52-week low of $22.30. Current RSI is 22.3, and shares closed at $22.76, down 0.8% [7] - **PTL Ltd (PTLE)**: Received a non-compliance notice from Nasdaq, with the stock declining around 17% in the past month and a 52-week low of $0.15. Current RSI is 28.6, and shares closed at $0.16, up 0.6% [7] - **Stak Inc (STAK)**: Announced strong financial results for the first half of fiscal year 2025, with revenues of $17.0 million, a 24.44% year-over-year increase. However, the stock fell about 44% in the past five days, with a 52-week low of $0.76. Current RSI is 27.1, and shares closed at $0.82, down 2.2% [7]

Group 1 - The top five Chinese concept stocks that experienced the largest declines in closing prices are: EZGO down 39.68%, STAK down 28.36%, CNF down 17.9%, SFWL down 15.2%, and YB down 11.46% [1] - EZGO's latest price is 0.2051 with a decrease of 0.1349 and a trading volume of 1.38 million [1] - STAK's latest price is 1.010 with a decrease of 0.400 and a trading volume of 1.2087 million [1] - CNF's latest price is 0.4100 with a decrease of 0.0894 and a trading volume of 0.1286 million [1] - SFWL's latest price is 1.060 with a decrease of 0.190 and a trading volume of 0.0562 million [1] - YB's latest price is 23.305 with a decrease of 3.015 and a trading volume of 3.3121 million [1]

Core Viewpoint - Stark Industries (STAK) shows positive financial growth with a significant increase in revenue and net profit, indicating a strong market position in the oilfield equipment sector [1]. Financial Performance - As of December 31, 2024, Stark Industries reported total revenue of $16.96 million, representing a year-over-year growth of 24.44% [1]. - The net profit attributable to the parent company reached $1.9994 million, reflecting a year-over-year increase of 23.81% [1]. Company Overview - Stark Industries Group Limited specializes in the research, development, manufacturing, and sales of oilfield production and maintenance equipment [1]. - The company designs and manufactures specialized oilfield production and maintenance equipment, collaborating with qualified vehicle manufacturers to integrate equipment into vehicle chassis for the production and sale of specialized oilfield vehicles [1]. - Additionally, Stark Industries sells components for oilfield-specific equipment and provides automation solutions [1].

Core Viewpoint - Stark Industries (STAK) experienced a significant stock price increase of 30.77%, reaching $1.87 per share, with a trading volume of $2.52 million and a total market capitalization of $21.34 million [1] Financial Performance - For the fiscal year ending December 31, 2024, Stark Industries reported total revenue of $16.96 million, representing a year-over-year growth of 24.44% [1] - The company achieved a net profit attributable to shareholders of $1.9994 million, reflecting a year-over-year increase of 23.81% [1] Company Overview - Stark Industries Group Limited specializes in the research, development, manufacturing, and sales of oilfield production and maintenance equipment [1] - The company designs and manufactures specialized oilfield production and maintenance equipment, collaborating with qualified vehicle manufacturers to integrate equipment onto vehicle chassis for the production and sale of specialized oilfield vehicles [1] - Additionally, Stark Industries sells components for oilfield-specific equipment and provides automation solutions [1]

Core Viewpoint - Stark Industries (STAK) experienced a significant stock price increase of 21.85%, reaching $1.84 per share, with a total market capitalization of $20.995 million as of August 14 [1] Financial Performance - For the fiscal year ending December 31, 2024, Stark Industries reported total revenue of $16.9559 million, reflecting a year-over-year growth of 24.44% [1] - The net profit attributable to the parent company was $1.9994 million, showing a year-over-year increase of 23.81% [1] Company Overview - Stark Industries Group Limited specializes in the research, development, manufacturing, and sales of oilfield production and maintenance equipment [1] - The company designs and manufactures specialized oilfield production and maintenance equipment, collaborating with qualified vehicle manufacturers to integrate equipment onto vehicle chassis for the production and sale of specialized oilfield vehicles [1] - Additionally, Stark Industries sells components for oilfield-specific equipment and provides automation solutions [1]