Stran & Company Faces Delisting Concerns
Ticker: SWAGW · Form: 8-K · Filed: Jun 24, 2024 · CIK: 1872525
| Field | Detail |
|---|---|
| Company | Stran & Company, Inc. (SWAGW) |
| Form Type | 8-K |
| Filed Date | Jun 24, 2024 |
| Risk Level | high |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001, $4.81375 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, regulatory
Related Tickers: SWAG
TL;DR
Stran & Co. might get delisted, filing an 8-K on 6/24 about listing rule issues.
AI Summary
Stran & Company, Inc. filed an 8-K on June 24, 2024, reporting a notice of delisting or failure to satisfy continued listing rules. The company is also providing a Regulation FD disclosure and filing financial statements and exhibits. The earliest event reported was on June 21, 2024.
Why It Matters
This filing indicates potential issues with Stran & Company's continued listing on an exchange, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's market presence and investor confidence.
Key Players & Entities
- Stran & Company, Inc. (company) — Registrant
- June 21, 2024 (date) — Earliest event reported
- June 24, 2024 (date) — Filing date
FAQ
What specific listing rule has Stran & Company, Inc. failed to satisfy?
The filing does not specify the exact listing rule that Stran & Company, Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the earliest event date reported in this 8-K filing?
The earliest event reported in this 8-K filing is June 21, 2024.
What is the filing date of this 8-K report?
This 8-K report was filed on June 24, 2024.
What are the main items disclosed in this 8-K filing?
This 8-K filing discloses a Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard, Regulation FD Disclosure, and Financial Statements and Exhibits.
Where is Stran & Company, Inc. incorporated and what is its fiscal year end?
Stran & Company, Inc. is incorporated in Nevada and its fiscal year ends on December 31.
Filing Stats: 1,564 words · 6 min read · ~5 pages · Grade level 15.2 · Accepted 2024-06-24 17:00:13
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share SWAG The NASDAQ Stock Mar
- $4.81375 — of Common Stock at an exercise price of $4.81375 SWAGW The NASDAQ Stock Market LLC
Filing Documents
- ea0208319-8k_stran.htm (8-K) — 41KB
- ea020831901ex99-1_stran.htm (EX-99.1) — 10KB
- ex99-1_001.jpg (GRAPHIC) — 39KB
- 0001213900-24-055274.txt ( ) — 327KB
- swag-20240621.xsd (EX-101.SCH) — 4KB
- swag-20240621_def.xml (EX-101.DEF) — 26KB
- swag-20240621_lab.xml (EX-101.LAB) — 36KB
- swag-20240621_pre.xml (EX-101.PRE) — 25KB
- ea0208319-8k_stran_htm.xml (XML) — 6KB
Forward-Looking Statements
Forward-Looking Statements The press release and the Act and Section 21E of the Exchange Act, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company's future financial or operating performance. In some cases, you can identify these statements because they contain words such as "may," "will," "believes," "expects," "anticipates," "estimates," "projects," "intends," "should," "seeks," "future," "continue," "plan," "target," "predict," "potential," or the negative of such terms, or other comparable terminology that concern the Company's expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today's date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks and uncertainties described in the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and other filings with the SEC. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law. Item 9.01 Financial Statements a
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 24, 2024 STRAN & COMPANY, INC. /s/ Andrew Shape Name: Andrew Shape Title: President and Chief Executive Officer 3