regulatory
confidence high
sentiment negative
materiality 0.75
Stran receives Nasdaq delisting notice for late Q3 10-Q; already on exception until Dec 16
Stran & Company, Inc.
- Additional Nasdaq deficiency for failing to file Q3 2024 10-Q; prior exception for Q1 and Q2 filings.
- Any further exception limited to 180 days from initial delinquent filing due date, i.e., Dec 16, 2024.
- Company must submit updated compliance plan by Dec 6, 2024; no assurance of regaining compliance.
- Risk of delisting if not compliant by Dec 16; no immediate effect on trading of SWAG or SWAGW.