Stack Capital Group (STCK) investor relations material

Market opportunity and barriers

• Private equity has become a major driver of wealth creation, with private companies growing 489% since 1996 while public companies declined by 41%.

• Access to private equity is limited by accredited investor rules, high investment minimums, and lack of liquidity.

• Companies are staying private longer, realizing more growth before IPO, and entering public markets at larger sizes and higher valuations.

Solution and competitive advantages

• Provides democratized access to growth and late-stage pre-IPO companies for both accredited and non-accredited investors via a TSX-listed vehicle.

• Offers liquidity, transparency, and regulatory oversight not typical in traditional private equity funds.

• Permanent capital structure eliminates forced selling and aligns investment horizon with portfolio companies.

• Active management, diversified approach, and value-add support to portfolio companies.

Investment strategy and portfolio

• Focuses on acquiring preferred equity in the last 1-2 rounds before IPO for risk-adjusted exposure.

• Selectively invests across preferred equity, common equity, and convertible debt.

• Portfolio includes high-profile companies such as SpaceX, Canva, OpenAI, Databricks, Crusoe, and others across AI, fintech, robotics, and energy sectors.

• Book value per share was $15.35 as of December 31, 2025, with a trading price of $19.40 as of March 31, 2026.