Stran & Company, Inc. Receives Notification Regarding Nasdaq Listing Requirements

On January 27, 2025, Stran & Company, Inc. (NASDAQ: STRNW) received a written notification from The Nasdaq Stock Market LLC, indicating non-compliance with the minimum bid price requirement outlined in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market tier.

The said rule mandates listed securities to maintain a minimum bid price of $1.00 per share, with provisions under Nasdaq Listing Rule 5810(c)(3)(A) specifying that a failure to meet this requirement over 30 consecutive business days would constitute a deficiency. Upon reviewing the closing bid price of Stran & Company’s common stock, valued at $0.0001 per share, over the period from December 9, 2024, to January 23, 2025, it was found that the company did not meet the Bid Price Rule requirements.

Despite the notification, the company’s common stock listing on The Nasdaq Capital Market remains unaffected at this stage. However, as per the Notification Letter, Stran & Company’s name will be included on a roster of non-compliant companies, publicly accessible on Nasdaq’s website at listingcenter.nasdaq.com, starting five business days from the date of the notice.

In compliance with Nasdaq Listing Rule 5810(c)(3)(A), Stran & Company has been allotted 180 calendar days, until July 28, 2025, to regain compliance with the Bid Price Rule. To achieve compliance, the company’s common stock must have a closing bid price of at least $1.00 for a minimum of ten consecutive business days under Nasdaq Listing Rule 5810(c)(3)(H). Failure to regain compliance within this period may make the company eligible for an additional 180 calendar days, subject to meeting the necessary criteria outlined by Nasdaq.

Stran & Company, Inc. has expressed the intent to monitor its common stock’s closing bid price vigilantly and implement available strategies to ensure compliance with the Bid Price Rule. The company also maintains the option to appeal delisting determinations by Nasdaq to a Hearings Panel should the need arise.

It is signed by Andrew Shape, President, and Chief Executive Officer of Stran & Company, Inc., on January 31, 2025.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Stran & Company, Inc.’s 8K filing here.

Stran & Company, Inc. Company Profile

Stran & Company, Inc provides outsourced marketing solutions. The company offers clients custom sourcing services; and e-commerce solutions for promoting branded merchandise and other promotional products, managing promotional loyalty and incentives, print collateral and event assets, order and inventory management, designing and hosting online retail popup shops, fixed public retail online stores, and online business-to-business service offerings.