Stran & Company Faces Delisting Concerns

TL;DR

Stran & Co. might get delisted, filing an 8-K about it.

AI Summary

Stran & Company, Inc. filed an 8-K on January 15, 2025, reporting a notice of delisting or failure to meet continued listing requirements. The filing indicates a potential transfer of listing, with the earliest event reported on January 10, 2025.

Why It Matters

This filing signals potential issues with Stran & Company's compliance with stock exchange listing rules, which could impact its stock's tradability 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 stock trading and overall financial stability.

Key Players & Entities

• Stran & Company, Inc. (company) — Registrant
• January 10, 2025 (date) — Earliest event reported
• January 15, 2025 (date) — Filing date
• Nevada (jurisdiction) — State of incorporation
• 001-41038 (identifier) — SEC file number

FAQ

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

• ea0227519-8k_stran.htm (8-K) — 42KB
• 0001213900-25-003908.txt ( ) — 259KB
• swag-20250110.xsd (EX-101.SCH) — 4KB
• swag-20250110_def.xml (EX-101.DEF) — 26KB
• swag-20250110_lab.xml (EX-101.LAB) — 36KB
• swag-20250110_pre.xml (EX-101.PRE) — 25KB
• ea0227519-8k_stran_htm.xml (XML) — 6KB

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On January 10, 2025, Stran & Company, Inc., a Nevada corporation (the "Company"), received a letter from the Listing Qualifications staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq"), notifying it that since the Company has not yet held an annual meeting of stockholders within twelve months of the end of the Company's fiscal year end, it no longer complies with Nasdaq Listing Rule 5620(a). Accordingly, this matter serves as an additional basis for delisting the Company's securities from Nasdaq. The Staff indicated that the letter was formal notification that the Nasdaq Hearings Panel (the "Panel") will consider this matter in rendering a determination regarding the Company's continued listing on The Nasdaq Capital Market. Pursuant to Nasdaq Listing Rule 5810(d), the Company should present its views with respect to this additional deficiency at its Panel hearing. If the Company fails to address the aforementioned issue, the Panel will consider the record as presented at the hearing and will make its determination based upon that information. As previously disclosed, on December 17, 2024, the Company received a letter from the Staff issuing a Staff delisting determination (the "Staff Determination"). The Staff Determination noted that the Staff had notified the Company on June 21, 2024, August 23, 2024, and November 21, 2024, that the Company did not comply with Nasdaq Listing Rule 5250(c)(1) (the "Filing Rule") because the Company had not filed its Quarterly Reports on Forms 10-Q for the periods ended March 31, 2024, June 30, 2024, and September 30, 2024 (the "Forms 10-Q"), with the Securities and Exchange Commission (the "SEC"). The Staff Determination noted that, based on the Staff's review and the materials submitted on August 20, 2024, the Staff granted the Company an exception until December 16, 2024, to regain compliance with the Filing

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K and the statements contained herein may include "forward-looking statements" within the meaning of Section 27A of the Securities 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, 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. 1

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: January 15, 2025 STRAN & COMPANY, INC. /s/ Andrew Shape Name: Andrew Shape Title: President and Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR