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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