Stran & Company Reveals Notification Letter From Nasdaq That It Is Not In Compliance For Continued Listing
Portfolio Pulse from Benzinga Newsdesk
Stran & Company received a notification from Nasdaq about non-compliance for continued listing. The company has engaged Marcum LLP as its new independent registered public accounting firm and plans to file Form 10-Q by August 20, 2024, to regain compliance.
June 24, 2024 | 9:07 pm
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NEGATIVE IMPACT
Stran & Company received a non-compliance notice from Nasdaq but plans to regain compliance by filing Form 10-Q by August 20, 2024, with the help of new auditors Marcum LLP.
The non-compliance notice from Nasdaq is a negative regulatory event that could impact investor confidence in the short term. However, the company's plan to regain compliance by filing Form 10-Q by August 20, 2024, may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100