12:13 PM EST, 02/27/2025 (MT Newswires) -- 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.

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