Stran & Company Faces Nasdaq Delisting Warning
Ticker: SWAGW · Form: 8-K · Filed: Dec 20, 2024 · CIK: 1872525
| Field | Detail |
|---|---|
| Company | Stran & Company, Inc. (SWAGW) |
| Form Type | 8-K |
| Filed Date | Dec 20, 2024 |
| Risk Level | high |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $4.81375 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting-warning, compliance, nasdaq
Related Tickers: STIC
TL;DR
Nasdaq says STIC might get delisted, needs to hit $1/share for 10 days by June 15 to stay listed.
AI Summary
Stran & Company, Inc. announced on December 17, 2024, that it received a notice from the Nasdaq Stock Market indicating a failure to meet the minimum bid price requirement for continued listing. The company has 180 calendar days, until June 15, 2025, to regain compliance by achieving a minimum closing bid price of $1.00 per share for at least 10 consecutive business days.
Why It Matters
Failure to regain compliance could lead to Stran & Company's stock being delisted from the Nasdaq, potentially impacting its liquidity and investor confidence.
Risk Assessment
Risk Level: high — The company is at high risk because it has received a delisting warning from Nasdaq for failing to meet the minimum bid price requirement.
Key Numbers
- 180 — Days to regain compliance (The company has this many days to meet the minimum bid price requirement.)
- $1.00 — Minimum bid price (The stock must close at or above this price for 10 consecutive business days.)
Key Players & Entities
- Stran & Company, Inc. (company) — Registrant
- Nasdaq Stock Market (company) — Listing Exchange
- December 17, 2024 (date) — Date of Notice
- June 15, 2025 (date) — Compliance Deadline
- $1.00 (dollar_amount) — Minimum Bid Price Requirement
FAQ
What specific rule did Stran & Company violate to receive the delisting notice?
Stran & Company received the notice for failing to meet the minimum bid price requirement for continued listing on the Nasdaq Stock Market, as per Nasdaq Listing Rule 5550(a)(2).
What is the deadline for Stran & Company to regain compliance with Nasdaq's listing rules?
The company has until June 15, 2025, which is 180 calendar days from the date of the notice (December 17, 2024), to regain compliance.
What action must Stran & Company take to regain compliance?
Stran & Company must achieve a minimum closing bid price of $1.00 per share for at least 10 consecutive business days.
What happens if Stran & Company does not regain compliance by the deadline?
If the company does not regain compliance by June 15, 2025, its securities will be subject to delisting from the Nasdaq Stock Market.
Has Stran & Company previously faced similar listing issues?
The filing does not explicitly state if Stran & Company has previously faced similar listing issues, but it does mention that the company is currently subject to the terms of the non-compliance notice.
Filing Stats: 987 words · 4 min read · ~3 pages · Grade level 12.7 · Accepted 2024-12-20 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
- ea0225470-8k_stran.htm (8-K) — 34KB
- ea022547001ex99-1_stran.htm (EX-99.1) — 11KB
- ex99-1_001.jpg (GRAPHIC) — 23KB
- 0001213900-24-111257.txt ( ) — 297KB
- swag-20241217.xsd (EX-101.SCH) — 4KB
- swag-20241217_def.xml (EX-101.DEF) — 26KB
- swag-20241217_lab.xml (EX-101.LAB) — 36KB
- swag-20241217_pre.xml (EX-101.PRE) — 25KB
- ea0225470-8k_stran_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 99.1 Press Release dated December 20, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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: December 20, 2024 STRAN & COMPANY, INC. /s/ Andrew Shape Name: Andrew Shape Title: President and Chief Executive Officer 3