Stran & Company Faces Delisting Concerns
Ticker: SWAGW · Form: 8-K · Filed: Aug 29, 2024 · CIK: 1872525
| Field | Detail |
|---|---|
| Company | Stran & Company, Inc. (SWAGW) |
| Form Type | 8-K |
| Filed Date | Aug 29, 2024 |
| Risk Level | high |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $4.81375 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, compliance, sec-filing
Related Tickers: SWAG
TL;DR
Stran & Co. might get kicked off Nasdaq. Big trouble.
AI Summary
Stran & Company, Inc. filed an 8-K on August 29, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The filing indicates potential issues with meeting Nasdaq's continued listing requirements as of August 23, 2024. The company is incorporated in Nevada and its fiscal year ends on December 31.
Why It Matters
This filing signals potential financial distress or non-compliance with exchange rules, which could lead to the company's stock being removed from Nasdaq, impacting investor confidence and liquidity.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to trade on a major exchange, posing a significant risk to its operations and stock value.
Key Numbers
- 001-41038 — SEC File Number (Identifies the company's filing history with the SEC.)
- 04-3297200 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Stran & Company, Inc. (company) — Registrant
- Nasdaq (company) — Stock Exchange
- August 23, 2024 (date) — Earliest event reported
- August 29, 2024 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
FAQ
What specific listing rule did Stran & Company, Inc. fail to satisfy?
The filing does not specify the exact listing rule that was not satisfied, only that the company received a notice of delisting or failure to satisfy a continued listing rule or standard.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is August 23, 2024.
What is the company's state of incorporation?
Stran & Company, Inc. is incorporated in Nevada.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
What is the filing date of this 8-K report?
This 8-K report was filed on August 29, 2024.
Filing Stats: 1,155 words · 5 min read · ~4 pages · Grade level 14.7 · Accepted 2024-08-29 17:00:10
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
- ea0212774-8k_stran.htm (8-K) — 35KB
- ea021277401ex99-1_stran.htm (EX-99.1) — 11KB
- ex99-1_001.jpg (GRAPHIC) — 23KB
- 0001213900-24-073943.txt ( ) — 299KB
- swag-20240823.xsd (EX-101.SCH) — 4KB
- swag-20240823_def.xml (EX-101.DEF) — 26KB
- swag-20240823_lab.xml (EX-101.LAB) — 36KB
- swag-20240823_pre.xml (EX-101.PRE) — 25KB
- ea0212774-8k_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: August 29, 2024 STRAN & COMPANY, INC. /s/ Andrew Shape Name: Andrew Shape Title: President and Chief Executive Officer 2