STAK Announces Results of Class A Meeting and Extraordinary General Meeting
Key Highlights
- ➤STAK (STAK) shareholders approved increasing Class B voting rights from 30 to 100 votes
- ➤Share capital reduction lowers each share’s par value from USD0.001 to USD0.0000001
- ➤Reorganization transfers the capital-reduction credit to a distributable reserve account
- ➤Authorized share capital increases from USD10 to USD100,000 after creating 999.9 billion shares
STAK Announces Results of Class A Meeting and Extraordinary General Meeting PR Newswire
CHANGZHOU, China, Oct. 9, 2026 /PRNewswire/ -- STAK Inc. (the "Company") (Nasdaq: STAK), a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment, today announced the results of a meeting of holders of its class A ordinary shares of par value of USD0.001 each (the "Class A Ordinary Shares") (the "Class A Meeting") held at its executive office at Building 11, 8th Floor, No. 6 Beitanghe East Road, Tianning District, Changzhou, Jiangsu, People's Republic of China 213000, at 10:00 a.m. on October 9, 2026, Beijing/Hong Kong Time, and an extraordinary general meeting of shareholders of the Company (the "EGM") held immediately thereafter at the same location.
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