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

$SWAG
Form 8-K
Filed on: 2025-02-11
Source
Stran & Company, Inc. Form 8-K Report: Key Insights on Stock and Warrants

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

  1. Entity Information:
  • Entity Name: Stran & Company, Inc.
  • CIK: 0001872525
  • SEC File Number: 001-41038
  • Tax ID: 04-3297200
  • Address: 2 Heritage Drive, Suite 600, Quincy, MA 02171
  • Phone Number: 800-833-3309
  1. Filing Type: The report is a Form 8-K, which is a current report used to disclose important events that shareholders should know about.
  2. Report Date: The information is as of February 11, 2025.
  3. Common Stock:
  • Par Value: $0.0001 per share
  • Ticker Symbol: SWAG (listed on NASDAQ)
  1. Warrants:
  • Details: Each warrant is exercisable for one share of common stock.
  • Exercise Price: $4.81375 per share
  • Ticker Symbol for Warrants: SWAGW (listed on NASDAQ)
  1. Units of Measurement:
  • The report uses USD (U.S. Dollars) for monetary values.
  • Shares are also referenced as a unit of measurement.

Insights:

  • The company's common stock has a very low par value, which is common for many modern corporations as it allows for flexibility in equity financing.
  • The presence of warrants indicates that the company may be looking to raise additional capital in the future by allowing investors to purchase shares at a predetermined price.
  • The exercise price of the warrants suggests a potential dilution of equity if exercised, so it may be important for existing shareholders to monitor this closely.
  • The filing under Form 8-K typically indicates that the events reported are of significant nature, thus highlighting the importance of the warrants and stock details for investors.

This information is crucial for stakeholders interested in the financial health and capital structure of Stran & Company, Inc.