Company: SWAGW
Filing Date: 2025-01-15
Form Type: 8-K
Source: 0001213900-25-003908
Chunk: 1

Company: Stran & Company, Inc.
Filing Date: 2025-01-15
Form: 8-K
Item: Item 3.01
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 and will not immediately result in the suspension of trading or delisting of the Company’s common stock.

The
Staff Determination notified the Company that the Company may request a hearing before a Panel by December 24, 2024, pursuant to the
procedures set forth in the Nasdaq Listing Rule 5800 Series. Hearings are typically scheduled to occur approximately 30-45 days after
the date of the hearing request. A request for a hearing regarding a delinquent filing will automatically stay the suspension of the
Company’s securities for a period of 15 calendar days from the date of the deadline of the hearing request. When the Company requests
a hearing, it may also request an extension of the stay through the date of the hearing and the expiration of any additional extension
period granted by the Panel following the hearing.

Accordingly,
on December 24, 2024, the Company submitted a request for a hearing and for an extended stay before a 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. As of the date of the filing of this Current Report on Form
8-K, the Company’s extended stay request remained under review by the Panel. In the event that Nasdaq is not able to rule on the
extended stay request prior to the expiration of the automatic stay, it has been Nasdaq’s recent practice to take no action until
the Panel is able to make a ruling on the extended stay request. There can be no assurance that the Panel will grant the Company’s
request for an extended stay, or that the Panel will grant the Company an additional extension, or that the Company will be determined
by the Panel to have regained compliance by the end of any additional extension period. Upon receiving the Panel’s ruling on any
of these matters, the Company intends to make a further announcement.

Forward-Looking Statements

This
Current Report on Form 8-K and the statements contained herein may include “forward-looking statements” within
the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which statements involve substantial risks and
uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or