The company’s Class A shareholders and the broader shareholder base voted to boost the voting power of each Class B ordinary share from 30 votes to 100. This change, approved during back-to-back meetings at the firm’s headquarters in Jiangsu, shifts the internal balance of corporate control significantly.
In section Releases
STAK Inc. Overhauls Share Structure and Voting Rights
Shareholders of Changzhou-based STAK Inc. approved a sweeping restructuring plan on October 9, 2026, headlined by a massive increase in voting power for Class B shares and a complex reorganization of the company’s capital base.
Beyond the voting rights adjustment, the board secured approval for a multi-stage capital reorganization. This process involves reducing the par value of issued shares to USD 0.0000001, subdividing authorized shares, and canceling excess units to streamline the capital structure. Following these adjustments, shareholders authorized a substantial expansion of the company’s share capital, increasing the total capacity from USD 10 to USD 100,000 to accommodate future growth. These changes will be codified in a third amended memorandum and articles of association, marking a new phase for the oilfield equipment manufacturer as it aims to scale its niche market presence.
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