NEW YORK, July 24, 2026, 15:08 EDT – Shares in STAK Inc. NASDAQ:STAK soared 278%, with trading volume exceeding four times the company’s share count.
- Although U.S. trading hours were underway, STAK continued to be halted at $4.99.
- Trading volume totaled 42.30 million shares, representing 4.23 times the amount of Class A shares.
- In the last 48 hours, there have been no new company filings or releases.
Shares of STAK Inc. NASDAQ:STAK jumped 278% to $4.99 on Friday ahead of a volatility halt. Volume totaled 42.3 million shares, with no new announcements from the company.
Turnover provides the most direct indication from investors, reaching 4.23 times the total 10.01 million Class A shares in STAK.
The adjustment in price also revalued the company, with initial implied equity value totaling $95.9 million for both share classes.
The one-day rise totaled approximately $70.5 million, representing 38.8 times STAK’s most recent half-year net profit.
| Comparison | Friday figure | Latest disclosed benchmark | Multiple or gap |
|---|---|---|---|
| Share turnover | 42.30 million | 10.01 million Class A shares | 4.23 times |
| Implied equity value | $95.86 million | First-half revenue of $19.23 million | 4.98 times |
| One-day value gain | $70.50 million | First-half net income of $1.82 million | 38.8 times |
| Price movement | 278.0% | VanEck Oil Services ETF (NYSEARCA:OIH), rose 2.1% | Roughly 276 points |
*Initial estimates are based on a $4.99 share price and 19.21 million total shares. Market values reflect the most recent data as of 15:08 EDT.
The change was not consistent across the sector. Shares of Recon Technology Ltd. (NASDAQ:RCON) rose 4.2%, while ProPetro Holding Corp. NYSE:PUMP dropped 7.2%.
Exchange data showed interruptions at 1:19, 1:33, 1:56, and 2:05 p.m. EDT. As of 3:08 p.m., the final pause still did not have a reported resume time.
The U.S. regular session remained underway. STAK’s most recent SEC filing was from June 8, which was 46 days ago.
The filing detailed plans for a potential U.S. power unit aimed at supporting AI data centers. The memorandum was still contingent on final agreements and necessary regulatory approvals.
Chief Executive Chuanbo Jiang pointed to “substantial and sustained demand for reliable, distributed power solutions.” SEC filings showed no further definitive agreement was recorded.
STAK continues to focus on oilfield vehicles and maintenance equipment in China as its main business. The company reported unaudited revenue for the first half up 13.4% at $19.2 million.
Gross margin declined to 27.2% from 30.7%. Net income slipped to $1.82 million compared to $2.00 million. Cash stood at $1.92 million, while short-term borrowings totaled $7.57 million.
The January financing involved the issuance of six million Class A shares at $0.38 each. This generated approximately $2.2 million in net proceeds and increased the number of listed shares.
Risks: Jiang kept approximately 80.8% of the voting rights following the offering. Nine million warrants priced at $0.46 each have the potential to boost total shares by 47% from January 2028.
By 3:08 p.m., investors had adjusted STAK’s price based on the current disclosures. Further operating clarification would need an updated filing.
