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Stakk Limited (ASX:SKK)

ALERT: Price-sensitive ASX Announcement for SKK
Current share price for SKK : $0.018 -0.042 (-70%)+
Announcement
Release
6 Oct 2025 9:40AM
Price at Release
$0.060
Full Release
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Summary
Stakk Limited has secured a $15 million equity placement from a group of prominent international and domestic institutional investors, led by Canaccord Genuity (Australia) Ltd. This funding will be used to strengthen its balance sheet and aid in the expansion of its SaaS-focused business model across the U.S. and Australian markets. The offer, which was set at A$0.045 per share, attracted an overwhelming demand surpassing the initial ceiling, validating Stakk’s growth strategy and technology-driven approach in Embedded Finance solutions. The funds will also support the expansion of Stakk’s Growth Team and ongoing research and development efforts.
Key Points
  • Stakk Limited secures a $15 million equity placement from international and domestic institutional investors.
  • The placement was lead managed by Canaccord Genuity (Australia) Ltd.
  • The funds will be used to strengthen the balance sheet and accelerate growth.
  • Stakk aims to expand its SaaS-focused business model in the U.S. and Australia.
  • There was an overwhelming demand for the placement with offers amounting to ~$27 million against a ceiling of $15 million.
  • Funds will also be used to expand the Growth Team and continue R&D of Embedded Finance infrastructure.
  • The Offer Price was set at A$0.045 per share, representing a 5.1% discount to the 10 Day-VWAP.
  • A total of approximately 333.3 million new fully paid ordinary shares will be issued.
  • The announcement was made on October 6, 2025, on the ASX.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.