Stran receives Nasdaq delisting notice over late Form 10-Q filing; auditor change cited

Stran & Company, Inc.

Nasdaq notified Stran on June 21, 2024 of non-compliance with Rule 5250(c)(1) for failing to file Q1 2024 Form 10-Q.
Company dismissed former auditor BF Borgers in May 2024 and engaged Marcum LLP on June 15, 2024.
Stran has 60 days (until Aug 20, 2024) to submit a compliance plan; extension possible to Dec 16, 2024.
Company intends to file the Form 10-Q on or before August 20, 2024 to regain compliance.
Listing of common stock (SWAG) and warrants (SWAGW) not immediately affected but name to appear on Nasdaq non-compliant list.

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