Stran & Company, Inc. (SWAG): Nasdaq/NYSE listing notice — Stran & Company receives Nasdaq notice of non-compliance with $1.00 minimum bid price

Stran & Company, Inc.

On Jan 27, 2025, Stran received Nasdaq notification that its common stock (SWAG) failed to maintain minimum bid price of $1.00 for 30 consecutive business days.
Company has 180 calendar days, until July 28, 2025, to regain compliance by achieving a closing bid price >= $1.00 for at least 10 consecutive business days.
If not regained, Stran may be eligible for a second 180-day period if it meets other Nasdaq initial listing standards and intends to cure via reverse stock split.
Failure to regain compliance within the compliance periods may result in delisting from The Nasdaq Capital Market and an opportunity to appeal.
Tickers SWAG and SWAGW remain listed for now; the notification does not immediately affect trading.

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 minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(H)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(H)

Exact text from the filing

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

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 minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

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”) not

View on SEC.gov

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Stran & Company, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-008845

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