Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 52

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1
Chunk 52
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 on Nasdaq, we must meet certain financial, liquidity, SEC reporting, corporate governance, and other continuing listing
requirements to maintain such listing. If we violate Nasdaq’s listing requirements, or if we fail to meet any of Nasdaq’s
listing standards, our common stock and publicly-traded warrants may be delisted.

On December 17, 2024, the Company received a letter
from the Listing Qualifications staff (the “Staff”) of Nasdaq 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 “2024 Forms 10-Q”),
with the SEC. The Staff Determination noted that, based on the Staff’s review and the materials submitted on August 20, 2024, the
Staff granted the Company an exception until December 16, 2024, to regain compliance with the Filing Rule. The Staff Determination stated
that the Company had not met the terms of the exception. Specifically, the Company had not filed the 2024 Forms 10-Q as required by the
Filing Rule. The Staff Determination had no immediate effect and did not immediately result in the suspension of trading or delisting
of the Company’s common stock.

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The Staff Determination notified the Company that
the Company was permitted 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