Streetbeat News

SWAG

Software Acquisition Group Inc. III

https://www.stran.com

Industry

Shell Companies

Software Acquisition Group Inc. III does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on software companies. The company was incorporated in 2021 and is based in Las Vegas, Nevada.

Open

0.95

Mkt cap

18M

Volume

36K

High

0.99

P/E Ratio

-10.78

52-wk high

1.74

Low

0.93

Div yield

N/A

52-wk low

0.80

Stran & Company has secured significant agreements with major clients in various sectors, including residential housing, molecular diagnostics, and public transportation. This development could positively impact Stran & Company's business prospects.

Portfolio Pulse from

November 07, 2024 | 2:15 pm

Stran & Company Inc received a letter from Salem Five Cents on September 9, 2024, indicating the termination of all obligations under their loan agreement and demand note, effective August 26.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 8:29 pm

Stran & Company has received a deficiency notification from Nasdaq due to its failure to file its quarterly report on Form 10-Q. This could impact the company's stock price and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:04 pm

Stran & Company, Inc. (NASDAQ:SWAG) has acquired strategic assets of Gander Group, projecting an annualized revenue run rate exceeding $100M. The acquisition was made through a secured party sale and will be managed by Stran's new subsidiary, Stran Loyalty Solutions.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 1:06 pm

Stran & Company, Inc. (NASDAQ:SWAG) expects its H1 2024 revenue to grow by approximately 10% compared to H1 2023. The gross margin is anticipated to increase to 31.7% from 29.4%, and cash, cash equivalents, and investments are expected to rise to $21.5 million by June 30, 2024, from $18.5 million at the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:34 pm

Stran & Company announced preliminary unaudited Q1 results, expecting a 17% year-over-year revenue growth. Cash, cash equivalents, and investments are projected to increase to $20.2M by March 31, 2024, up from $18.5M on December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:39 pm

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.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 9:07 pm

Stran & Company, Inc. (NASDAQ: SWAG) has secured multiple expanded contracts with industry-leading, enterprise-level customers across various sectors and geographies. This development highlights Stran's leadership in the promotional products industry and its capability to meet complex marketing needs.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 1:18 pm

Stran & Company, Inc. (NASDAQ: SWAG) has secured multiple six-figure, multi-year agreements with large national and global organizations. The terms of the agreements were not disclosed. One of the agreements is with a leading manufacturer of recreational watercrafts, which chose Stran for its cost-effective solutions and strong track record.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:04 pm

Stran & Company has postponed its Q1 earnings conference call due to the dismissal of its former independent registered public accounting firm. The company, which may be associated with the ticker SWAG, is in the process of addressing this significant change.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:34 pm

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