Stak Closes $5 Million IPO

MT Newswires Live
02-28

Stak (STAK) said Thursday it closed an initial public offering of 1.25 million ordinary shares at $4 apiece for gross proceeds of $5 million.

Underwriters have been granted a 45-day option to purchase up to 187,500 additional shares, the company said.

The company's stock started trading on Nasdaq on Wednesday.

Price: 3.70, Change: -0.03, Percent Change: -0.80

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