8-K
filed January 15, 2025, 6:59 PM ET
ticker SWAG
CIK 0001872525
regulatory
confidence high
sentiment negative
materiality 0.85
Stran & Company, Inc. (SWAG): Nasdaq/NYSE listing notice — Stran & Company receives additional Nasdaq delisting deficiency for failure to hold annual meeting
Stran & Company, Inc.
- Received Nasdaq letter Jan 10, 2025, for not holding annual meeting within 12 months of fiscal year end, violating Rule 5620(a).
- This adds to prior delisting basis: failure to file 10-Qs for March, June, Sept 2024 despite exception until Dec 16, 2024.
- Company requested hearing on Dec 24, 2024; automatic stay expired Jan 10, 2025; extended stay under review.
- No assurance that Nasdaq Panel will grant extension or that compliance will be regained.
Key facts
Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
Stran & Company, Inc. received a nasdaq deficiency notice notice regarding shareholders (rules 5620(a)).
- Exchange
- nasdaq
- Notice
- deficiency notice
- Deficiency
- shareholders
- Rules
- 5620(a)
Exact text from the filing
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 (
View on SEC.gov
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
Stran & Company, Inc. received a nasdaq deficiency notice notice regarding other (rules 5620(a)).
- Exchange
- nasdaq
- Notice
- deficiency notice
- Rules
- 5620(a)
Exact text from the filing
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
View on SEC.gov
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
Stran & Company, Inc. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).
- Exchange
- nasdaq
- Notice
- delisting notice
- Deficiency
- late filing
- Rules
- 5250(c)(1)
Exact text from the filing
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
View on SEC.gov
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
Stran & Company, Inc. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).
- Exchange
- nasdaq
- Notice
- delisting notice
- Deficiency
- late filing
- Rules
- 5250(c)(1)
Exact text from the filing
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 note
View on SEC.gov
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