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ASTACK Stack Capital Group Inc. Reports Q2-2021 Financial Results and Announces Presentation at Canaccord Genuity 41st Annual Growth Conference TORONTO , Aug. 5 , 2021 / CNW / - Stack Capital Group Inc. , ( " Stack Capital " or the " Company " ) ( TSX : STCK ) ( TSX : STCK.WT ) an investment holding company seeking to generate long - term capital appreciation through investments into growth - to - late - stage private businesses , today announces its financial results for the quarter ending June 30 , 2021 ( " Q2-2021 " ) . Stack Capital reports all amounts in Canadian Dollars unless otherwise stated . Q2-2021 Highlights • On June 16 , 2021 , the Company completed its Initial Public Offering ( " IPO " ) for gross proceeds of $ 100 million . Concurrent with the closing of the Company's IPO , certain officers of the Manager ( the " Management Investors " ) invested gross proceeds of $ 7 million on similar terms as the IPO on a non - brokered , private placement basis . As part of the non - brokered private placement , each Management Investor agreed to a five - year voluntary lock - up , subject to certain customary exceptions . • As at June 30 , 2021 , the working capital of the Company was $ 100.3 million and the Book Value per Share was $ 11.25 . The Company's cash balance at quarter end was $ 101.4 million . " We're extremely proud of the successful IPO for Stack Capital and have been working diligently since that time towards executing on the mandate to democratize access into some of the world's most innovative and disruptive , growth - to - late - stage private companies " , said Jeff Parks , CEO of Stack Capital . " We look forward to announcing Stack's inaugural portfolio investment and , over time , building a diversified portfolio of private company investments for the benefit of shareholders . " Canaccord Genuity 41st Annual Growth Conference Stack Capital also announces that Jeff Parks , Stack Capital Group CEO , will be presenting at the Canaccord Genuity 41st Annual Growth Conference on Tuesday , August 11 , 2021 at 2:00 PM EST . The Stack Capital Group management team will also be conducting investor meetings in conjunction with the conference as well . Please contact Brian Viveiros with the contact information below for further information . Cautionary Note Regarding Forward - Looking Information This press release contains forward - looking information . Such forward - looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future . Readers are cautioned that reliance on such information may not be appropriate for other purposes . Any such forward - looking information may be identified by words such as " proposed " , " expects " , " intends " , " may " , " will " , and similar expressions . Forward - looking information contained or referred to in this press release includes , but may not be limited to , the exit conditions of the TSX Sandbox ; and the business of Stack Capital and the risks associated therewith , including those identified in the Prospectus under the heading " Risk Factors " .