Company: SWAGW
Filing Date: 2025-01-15
Form Type: 8-K
Source: 0001213900-25-003908
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Company: Stran & Company, Inc.
Filing Date: 2025-01-15
Form: 8-K
Item: Item 3.01
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Item 3.01

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On
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 (the “ Panel”) will
consider this matter in rendering a determination regarding the Company’s continued listing on The Nasdaq Capital Market. Pursuant
to Nasdaq Listing Rule 5810(d), the Company should present its views with respect to this additional deficiency at its Panel hearing.
If the Company fails to address the aforementioned issue, the Panel will consider the record as presented at the hearing and will make
its determination based upon that information.

As
previously disclosed, on 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 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 has not filed the Forms 10-Q as required by the Filing Rule. The Staff Determination had no
immediate effect