Stak announces closing of $2.3M registered direct offering

STAK (STAK) Inc. announced the closing of its registered direct offering of 6,000,000 units at a public offering price of 38c per Unit, for aggregate gross proceeds of approximately $2.3M. The company received net proceeds of approximately $2.2M from the offering, after deducting offering expenses payable by the company. The company intends to use the net proceeds from the offering for research and development, working capital, and other general corporate purposes.