UNITED STATES
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CURRENT REPORT
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Item 8.01. Other Events.
On December 15, 2022, Stran & Company, Inc. (the “Company”) issued a press release announcing that (i) the Company’s common stock will begin trading on the Nasdaq Capital Market under the ticker symbol “SWAG” on December 16, 2022, replacing the Company’s current ticker symbol for its common stock, “STRN”, and (ii) the Company’s publicly-traded warrants to purchase common stock will begin trading on the Nasdaq Capital Market under the ticker symbol “SWAGW” on December 16, 2022, replacing the Company’s current ticker symbol for such warrants, “STRNW”.
No action by the Company’s shareholders is required with respect to either ticker symbol change. The Company’s common stock and warrants will continue to be listed on the NASDAQ Capital Market and the respective CUSIP numbers will remain unchanged.
A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.
The information contained in this Item 8.01 and Exhibit 99.1, attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description of Exhibit | |
99.1 | Press Release dated December 15, 2022 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 16, 2022 | STRAN & COMPANY, INC. |
/s/ Andrew Shape | |
Name: Andrew Shape | |
Title: President and Chief Executive Officer |
2
Exhibit 99.1
Stran & Company Announces Nasdaq Ticker Symbol Change from “STRN” to “SWAG” on December 16
The Company’s publicly traded warrants ticker will also change from “STRNW” to “SWAGW”
Quincy, MA / December 15, 2022 / Stran & Company, Inc. (“Stran” or the “Company”) (NASDAQ: STRN) (NASDAQ: STRNW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today announced that the Company’s common stock will begin trading on Nasdaq under the ticker symbol “SWAG” on December 16, 2022. This ticker symbol will replace the Company’s current ticker symbol for its common stock, “STRN”. Additionally, the Company’s publicly traded warrants to purchase common stock will begin trading under the ticker symbol “SWAGW” on December 16, 2022. This ticker symbol will replace the Company’s current ticker symbol for its publicly traded warrants, “STRNW”.
Andy Shape, Chief Executive Officer of Stran, commented, “Our mission is to drive brand awareness and affect behavior through visual, creative and technology solutions for our customers. We do that by using promotional products and branded merchandise - which is also informally referred to as swag. The “SWAG” ticker symbol is memorable, relevant, and a better reflection of the products we sell and industry where we strive to be a leader.”
No action by the Company’s shareholders is required with respect to either ticker symbol change. The Company’s common stock and warrants will continue to be listed on Nasdaq and the respective CUSIP numbers will remain unchanged.
About Stran
Over the past 27 years, Stran has grown to become a leader in the promotional products industry, specializing in complex marketing programs to help recognize the value of promotional products, branded merchandise, and loyalty incentive programs as a tool to drive awareness, build brands and impact sales. Stran is the chosen promotional programs manager of many Fortune 500 companies, across a variety of industries, to execute their promotional marketing, loyalty and incentive, sponsorship activation, recruitment, retention, and wellness campaigns. Stran provides world-class customer service and utilizes cutting-edge technology, including efficient ordering and logistics technology to provide order processing, warehousing and fulfillment functions. The Company’s mission is to develop long-term relationships with its clients, enabling them to connect with both their customers and employees in order to build lasting brand loyalty. Additional information about the Company is available at: www.stran.com.
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Contacts:
Investor Relations Contact:
Crescendo Communications, LLC
Tel: (212) 671-1021
STRN@crescendo-ir.com
Press Contact:
Howie Turkenkopf
press@stran.com
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