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STAK Inc. revealed its intention to retain a majority stake in a new venture.
STAK Inc., a Nasdaq-listed company in the Oil & Gas Equipment & Services industry, has announced its plan to hold a 60% stake in a proposed U.S. subsidiary aimed at selling modular power systems. This strategic move is part of STAK Inc.'s broader initiative to expand its market presence in the modular power sector.
The company will retain 60% ownership of the subsidiary, positioning it to leverage the growing demand for efficient and scalable power solutions. STAK Inc. currently has a free float of 1,704,693 shares.
This summary was generated by AI from public sources and may contain errors. Not financial advice. Trade at your own risk.