Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 230

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1A
Chunk 230
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 to request a hearing before a Nasdaq Hearings Panel by December 24, 2024, pursuant to the procedures set forth
in the Nasdaq Listing Rule 5800 Series. Accordingly, on December 24, 2024, the Company submitted a request for a hearing and for an extended
stay before a Hearings Panel. On December 26, 2024, the Company received a letter from the staff of the Office of the General Counsel
of Nasdaq that stated that the Company’s hearing had been scheduled (the “Hearing Notice”). The Hearing Notice further
confirmed that the delisting action referenced in the Staff Determination had been automatically stayed until January 10, 2025.

On January 10, 2025, the Company received a letter
from the Staff 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) (the “Annual Meeting Rule”).
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 Hearings Panel would consider this matter in rendering a determination regarding the Company’s
continued listing on The Nasdaq Capital Market.

On January 27, 2025, the Company received a letter
from the Staff notifying the Company that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing
Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market tier of Nasdaq (the “Bid Price Rule”). The letter also
indicated that the Company had a compliance period of 180 calendar days, or until July 28, 2025 (the “Compliance Period”),
in which to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A). The Notification Letter further provided that if, at any
time during the Compliance Period, the Company’s common stock closing bid price is at $1.00 for a minimum of ten consecutive business
days, the Staff would provide the Company with written confirmation of compliance and this matter would be closed.

At the hearing held on February 11, 2025 by the
Hearings Panel, the Company presented its plan for regaining compliance with the Filing Rule and the Annual Meeting Rule, and requested
a further extension so that the Company may complete the execution of