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Stran & Company, Inc. 8-K Report: Key Insights on Common Stock & Warrants

$SWAG
Form 8-K
Filed on: 2024-12-20
Source
Stran & Company, Inc. 8-K Report: Key Insights on Common Stock & Warrants

Based on the provided XML section of the financial report, here are the key points extracted:

  1. Company Identification:
  • Name: Stran & Company, Inc.
  • CIK: 0001872525
  • SEC Filing Type: 8-K
  • Filing Date: December 17, 2024
  • Address: 2 Heritage Drive, Suite 600, Quincy, MA 02171
  • Phone: 800-833-3309
  1. Securities Information:
  • Common Stock:
    • Par Value: $0.0001 per share
    • Ticker Symbol: SWAG
    • Exchange: NASDAQ
  • Warrants:
    • Description: Each warrant is exercisable for one share of Common Stock.
    • Exercise Price: $4.81375
    • Ticker Symbol: SWAGW
    • Exchange: NASDAQ
  1. Reporting Context:
  • Report Date: The financial information relates to December 17, 2024.
  • Segment Classifications: The report includes classifications for common stock and warrants under the US GAAP Statement Class of Stock Axis.
  1. Important Metrics:
  • The report does not provide specific financial figures or metrics, but it details the structure of the equity securities (common stock and warrants) offered by the company.

Insights:

  • Stran & Company, Inc. is actively reporting on its financial condition and the specifics of its equity structure as of December 17, 2024.
  • The company is maintaining a very low par value for its common stock, which can often indicate a strategy to make shares more accessible to a broader investor base.
  • The existence of warrants indicates potential for future capital raising, as they may be exercised at a predetermined price, which could dilute existing equity if exercised.
  • The filing type (8-K) suggests that this report contains significant information that may impact investors' decisions, possibly indicating corporate events or developments.

This summary encapsulates the critical details from the provided financial report section, focusing on company identification, securities information, reporting context, and relevant insights.