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Stakk Issues 26.2 Million Shares for Consultancy Services Under Disclosure Exemption

Story Highlights
  • Stakk has issued 26.2 million new shares to pay for consultancy services in equity.
  • The company confirms the shares are tradeable under a disclosure exemption and that it remains compliant.
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Stakk Issues 26.2 Million Shares for Consultancy Services Under Disclosure Exemption

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Douugh Ltd ( (AU:SKK) ) has shared an announcement.

Stakk Ltd has issued 26,231,417 fully paid ordinary shares as consideration for consultancy services, expanding its share base without raising cash while compensating service providers in equity. The company has confirmed that these shares were issued without a prospectus under the Corporations Act but remain freely tradeable under the section 708A(5) exemption, and it has attested to ongoing compliance with financial reporting and continuous disclosure obligations, signalling regulatory alignment and transparency for existing and prospective shareholders.

More about Douugh Ltd

Stakk Ltd is a financial technology company that provides embedded-finance infrastructure via its modular Stakk IQ platform, offering mobile document capture, risk intelligence, authentication, transaction orchestration, settlement and underwriting as plug-and-play SaaS services to more than 210 banks, credit unions, neobanks and fintech platforms across Australia and the United States.

Average Trading Volume: 19,097,027

Current Market Cap: A$80.46M

See more data about SKK stock on TipRanks’ Stock Analysis page.

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