Stran & Company Announces Receipt of Nasdaq Staff Delisting Determination

Core Viewpoint - Stran & Company, Inc. has received a Staff delisting determination from Nasdaq due to non-compliance with the Filing Rule, specifically for failing to file its Quarterly Reports on Form 10-Q for three periods in 2024 [1] Group 1: Company Compliance and Nasdaq Interaction - The Company was notified on multiple occasions (June 21, August 23, and November 21, 2024) regarding its non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the absence of required filings [1] - Stran intends to submit a request for a hearing and an extended stay before a Hearings Panel to address the delisting determination [2][6] - The Staff Determination does not have an immediate effect on trading or delisting of the Company's common stock [1] Group 2: Company Overview - Stran has been a leader in the promotional products industry for over 29 years, focusing on complex marketing programs that enhance brand awareness and drive sales [3] - The Company serves many Fortune 500 clients across various industries, managing promotional marketing, loyalty, and incentive programs [3] - Stran emphasizes long-term client relationships and utilizes advanced technology for order processing, warehousing, and fulfillment [3]