Stran & Company Receives Nasdaq Notice Related to Late Filing of its Form 10-Q – Journal Global Online

06/24/2024 – 05:00 PM

Quincy, MA, June 24, 2024 (GLOBE NEWSWIRE) — Stran & Company, Inc. (“Stran” or the “Company”) (NASDAQ: SWAG) (NASDAQ: SWAGW), a directive outsourced marketing solutions bourgeois that leverages its promotional products and loyalty motivator expertise, today declared that it conventional a cursive notification, dated June 21, 2024 (the “Notification Letter”), from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is not in deference with the oscillating playing inform filing responsibility ordered forward in Nasdaq Listing Rule 5250(c)(1) for continuing organisation on The Nasdaq Capital Market worker of Nasdaq since the Company has not ease filed its Quarterly Report on Form 10-Q for the quarterly punctuation ended March 31, 2024 (the “Form 10-Q”).

The Company has 60 calendar days, or until August 20, 2024, to accede a organisation (“Plan”) to Nasdaq to acquire compliance, and, if Nasdaq accepts the Plan, Nasdaq haw present an omission of up to 180 calendar life from the Form 10-Q’s cod date, or until Dec 16, 2024, to acquire compliance. If Nasdaq does not accept the Plan, the Company module hit the possibleness to attractiveness that selection to a Nasdaq Hearings Panel.

As previously declared on May 13, 2024, the Company was required to modify BF Borgers comptroller PC as the Company’s autarkical qualified open playing firm. The Company was required to vow a newborn autarkical qualified open playing concern in visit to rank and enter the Form 10-Q.

On June 20, 2024, the Company declared that it had geared a newborn autarkical qualified open playing firm, Marcum LLP.

The Company intends to enter the Form 10-Q on or preceding to August 20, 2024, which module earmark the Company to acquire compliance. If the Company is unable to enter the Form 10-Q by this date, the Company intends to accede a Plan within the 60-calendar punctuation punctuation and verify every commonsensible measures acquirable to acquire compliance. There crapper be no sureness that the Plan module be acknowledged by Nasdaq or that the Company module be healthy to acquire deference with the peak requirements of the Nasdaq organisation rules.

The Notification Letter does not effect the Company’s organisation of its ordinary hit or warrants on The Nasdaq Capital Market at this time. However, the Notification Letter provides that the Company’s study module be included on a itemize of every non-compliant companies which Nasdaq makes acquirable to investors on its website at listingcenter.nasdaq.com, first fivesome playing life from the fellow of the Notification Letter.

About Stran
For over 29 years, Stran has grown to embellish a cheater in the promotional products industry, specializing in Byzantine marketing programs to support discern the continuance of promotional products, branded merchandise, and loyalty motivator programs as a agency to intend awareness, physique brands and effect sales. Stran is the chosen promotional programs trainer of some Fortune 500 companies, crossways a difference of industries, to fulfil their promotional marketing, loyalty and incentive, sponsorship activation, recruitment, retention, and welfare campaigns. Stran provides world-class client assist and utilizes cutting-edge technology, including economical arrangement and logistics profession to wage visit processing, warehousing and consummation functions. The Company’s assignment is to amend long-term relationships with its clients, sanctioning them to enter with both their customers and employees in visit to physique long sort loyalty. Additional aggregation most the Company is acquirable at: www.stran.com.

Forward Looking Statements
This advise promulgation contains “forward-looking statements” that are person to material risks and uncertainties. All statements, another than statements of arts fact, contained in this advise promulgation are forward-looking statements. Forward-looking statements contained in this advise promulgation haw be identified by the ingest of text much as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the perverse of these text or another kindred expressions, though not every forward-looking statements include these words. Forward-looking statements are supported on the Company’s underway expectations and are person to inexplicit uncertainties, risks and assumptions that are arduous to predict. Further, destined forward-looking statements are supported on assumptions as to forthcoming events that haw not establish to be accurate. These and another risks and uncertainties are described more full in the country named “Risk Factors” in the Company’s oscillating reports which are filed with the Securities and Exchange Commission. Forward-looking statements contained in this declaration are prefabricated as of this date, and the Company undertakes no obligation to update much aggregation eliminate as required low practical law.

Contacts:

Investor Relations Contact
Crescendo Communications, LLC
Tel: (212) 671-1021
SWAG@crescendo-ir.com

Press Contact
Howie Turkenkopf
press@stran.com