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

$SWAG
Form 8-K
Filed on: 2024-12-23
Source
Stran & Company, Inc. 8-K Report: Key Insights on Stock and Warrants

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

  1. Entity Identification:
  • Company Name: Stran & Company, Inc.
  • CIK (Central Index Key): 0001872525
  • SEC File Number: 001-41038
  1. Report Type:
  • Form Type: 8-K, which indicates the company is reporting significant events that shareholders should know about.
  1. Date of Report:
  • Filing Date: December 23, 2024.
  1. Common Stock:
  • Par Value: $0.0001 per share.
  • Trading Symbol: SWAG on NASDAQ.
  1. Warrants:
  • Description: Each warrant is exercisable for one share of Common Stock.
  • Exercise Price: $4.81375.
  • Trading Symbol for Warrants: SWAGW on NASDAQ.
  1. Financial Measures:
  • The report includes various contextual elements indicating financial metrics related to common stock and warrants.
  • The context IDs suggest that this report may contain specific details about the company's equity structure and financial instruments.
  1. Contact Information:
  • Address: 2 Heritage Drive, Suite 600, Quincy, MA 02171.
  • Phone Number: 800-833-3309.

Insights:

  • The filing of an 8-K often signals recent corporate actions or significant events that could impact the stock price or shareholder value.
  • The presence of warrants indicates a potential dilution of equity if exercised, at an exercise price relatively close to the market rate for the underlying common stock.
  • The low par value of the common stock ($0.0001) may suggest a focus on maintaining a lower barrier for issuing additional shares if necessary.

Overall, this report provides critical insights into the capital structure of Stran & Company, Inc., highlighting the potential for equity changes through the exercise of warrants and establishing the company’s trading presence on NASDAQ.