Stran & Company Terminates Material Agreement
Ticker: SWAGW · Form: 8-K · Filed: Sep 13, 2024 · CIK: 1872525
| Field | Detail |
|---|---|
| Company | Stran & Company, Inc. (SWAGW) |
| Form Type | 8-K |
| Filed Date | Sep 13, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $4.81375, $7,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement-termination, contract-change
Related Tickers: SWAG
TL;DR
Stran & Co. just terminated a big deal. WTF happened?
AI Summary
Stran & Company, Inc. announced on September 9, 2024, the termination of a material definitive agreement. The filing does not specify the other party involved or the nature of the agreement, but it signifies a change in a significant business relationship for the company.
Why It Matters
The termination of a material definitive agreement can impact a company's operations, financial performance, and strategic direction.
Risk Assessment
Risk Level: medium — Termination of a material agreement can signal underlying issues or a shift in business strategy, warranting closer scrutiny.
Key Players & Entities
- Stran & Company, Inc. (company) — Registrant
- September 9, 2024 (date) — Date of earliest event reported
FAQ
What was the specific material definitive agreement that was terminated?
The filing does not specify the name or details of the material definitive agreement that was terminated.
Who was the other party to the terminated agreement?
The filing does not disclose the identity of the other party involved in the terminated agreement.
What is the effective date of the termination?
The earliest event reported is September 9, 2024, which is also the date of the report.
What are the reasons for the termination of the agreement?
The filing does not provide any information regarding the reasons for the termination of the material definitive agreement.
Will this termination have a significant impact on Stran & Company's financial performance or operations?
The filing does not detail the potential impact of the termination on Stran & Company's financial performance or operations.
Filing Stats: 753 words · 3 min read · ~3 pages · Grade level 15.8 · Accepted 2024-09-13 16:15:23
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
- $7,000,000 — an aggregate principal amount of up to $7,000,000 (the "Revolving Line of Credit"). In di
Filing Documents
- ea0214443-8k_stran.htm (8-K) — 29KB
- 0001213900-24-078561.txt ( ) — 245KB
- swag-20240909.xsd (EX-101.SCH) — 4KB
- swag-20240909_def.xml (EX-101.DEF) — 26KB
- swag-20240909_lab.xml (EX-101.LAB) — 36KB
- swag-20240909_pre.xml (EX-101.PRE) — 25KB
- ea0214443-8k_stran_htm.xml (XML) — 6KB
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: September 13, 2024 STRAN & COMPANY, INC. /s/ Andrew Shape Name: Andrew Shape Title: President and Chief Executive Officer 2