Stran & Company Faces Delisting Concerns
Ticker: SWAGW · Form: 8-K · Filed: Jan 31, 2025 · CIK: 1872525
| Field | Detail |
|---|---|
| Company | Stran & Company, Inc. (SWAGW) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2025 |
| Risk Level | high |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $4.81375, $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, regulatory-filing
TL;DR
Stran & Co. might get kicked off the exchange - big trouble ahead.
AI Summary
Stran & Company, Inc. filed an 8-K on January 31, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, with the earliest event reported on January 27, 2025. The company is incorporated in Nevada and its principal executive offices are located in Quincy, MA.
Why It Matters
This filing indicates potential issues with Stran & Company's continued listing on an exchange, which could impact its stock liquidity and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards is a significant negative event that can lead to severe stock price declines and reduced trading.
Key Players & Entities
- Stran & Company, Inc. (company) — Registrant
- January 27, 2025 (date) — Earliest event reported
- January 31, 2025 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- Quincy, MA (location) — Principal executive offices
FAQ
What specific listing rule or standard has Stran & Company, Inc. failed to satisfy?
The filing does not specify the exact rule or standard that has not been met, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the earliest date of the event reported in this 8-K filing?
The earliest event reported is dated January 27, 2025.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted on January 31, 2025.
In which state is Stran & Company, Inc. incorporated?
Stran & Company, Inc. is incorporated in Nevada.
Where are Stran & Company, Inc.'s principal executive offices located?
The principal executive offices of Stran & Company, Inc. are located at 2 Heritage Drive, Suite 600, Quincy, MA 02171.
Filing Stats: 845 words · 3 min read · ~3 pages · Grade level 14 · Accepted 2025-01-31 16:15:14
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
- $1.00 — ties to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810
Filing Documents
- ea0229142-8k_stran.htm (8-K) — 30KB
- 0001213900-25-008845.txt ( ) — 246KB
- swag-20250127.xsd (EX-101.SCH) — 4KB
- swag-20250127_def.xml (EX-101.DEF) — 26KB
- swag-20250127_lab.xml (EX-101.LAB) — 36KB
- swag-20250127_pre.xml (EX-101.PRE) — 25KB
- ea0229142-8k_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 27, 2025, Stran & Company, Inc. (the "Company") received a written notification (the "Notification Letter"), from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule") for continued listing on The Nasdaq Capital Market tier of Nasdaq. The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the requirement under the Bid Price Rule exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's common stock, par value $0.0001 per share ("common stock"), for the 30 consecutive business days from December 9, 2024 to January 23, 2025, the Company no longer meets the requirement under the Bid Price Rule. The Notification Letter does not impact the Company's listing of the common stock on The Nasdaq Capital Market at this time. However, the Notification Letter provides that the Company's name will be included on a list of all non-compliant companies which Nasdaq makes available to investors on its website at listingcenter.nasdaq.com, beginning five business days from the date of the Notification Letter. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until July 28, 2025, to regain compliance with the Bid Price Rule. To regain compliance, the Company's common stock must have a closing bid price of at least $1.00 for a minimum of ten consecutive business days under Nasdaq Listing Rule 5810(c)(3)(H). If the Company does not regain compliance during such 180-day period, the Company may be eligible for an additional 180 calendar
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 31, 2025 STRAN & COMPANY, INC. /s/ Andrew Shape Name: Andrew Shape Title: President and Chief Executive Officer 2