Stran & Company, Inc. Warrant - SWAGW STOCK NEWS

Stran & Company, Inc. (NASDAQ: SWAG) has acquired strategic assets of Gander Group through a secured party sale. Gander Group, a leader in casino continuity and loyalty programs, generated over $34 million in revenue in 2023. The acquisition, conducted by Stran's newly-formed subsidiary Stran Loyalty Solutions, , aims to strengthen Stran's position in the gaming and entertainment industries.

Key points:

• Stran expects significant cross-selling opportunities and operational efficiencies
• Josh Blake (CEO) and Bruce Batcheller (COO) of Gander Group will join Stran Loyalty Solutions
• Stran projects an annualized revenue run rate exceeding $100 million post-acquisition
• The acquisition is expected to contribute positive cash flow and be accretive for stockholders

Stran & Company (NASDAQ: SWAG) has reported preliminary unaudited results for the first half of 2024, showing strong performance. Revenue is expected to grow by approximately 10% compared to the same period in 2023. The company's gross margin is projected to increase to 31.7%, up from 29.4% in the first half of 2023. Notably, cash, cash equivalents, and investments are expected to rise to $21.5 million as of June 30, 2024, compared to $18.5 million at the end of 2023.

CEO Andy Shape attributes this growth to the company's successful strategy execution, including onboarding new customers, increasing penetration within existing customers, implementing innovative technologies, and expanding nationwide. The strong financial position provides Stran with resources for potential M&A opportunities to complement organic growth.

Stran & Company (NASDAQ: SWAG) reported a preliminary, unaudited 17% year-over-year revenue growth for Q1 2024. Gross margin is projected to increase by over 100 basis points compared to Q1 2023. The company's cash, cash equivalents, and investments are expected to rise to $20.2 million as of March 31, 2024, up from $18.5 million at the end of 2023. CEO Andy Shape attributed the performance to new customer acquisitions and expanded contracts despite a challenging market. Stran also noted the engagement of Marcum LLP as their new independent public accounting firm. Complete financial results will follow upon final audit completion.

On June 24, 2024, Stran & Company (NASDAQ: SWAG) announced it received a notification from Nasdaq regarding non-compliance with the financial report filing requirement. The company has not filed its Quarterly Report on Form 10-Q for the period ended March 31, 2024. Stran has until August 20, 2024, to submit a compliance plan to Nasdaq. If accepted, Stran could have until December 16, 2024, to regain compliance. Otherwise, they can appeal to a Nasdaq Hearings Panel. The delay was due to the dismissal of BF Borgers CPA PC and the subsequent engagement of a new accounting firm, Marcum LLP. Stran intends to file the Form 10-Q by August 20, 2024. Non-compliance does not currently affect the company's Nasdaq listing, but Stran will be listed as non-compliant on Nasdaq's website.

Stran & Company, a leading outsourced marketing solutions provider, has engaged Marcum LLP as its new independent public accounting firm. Marcum is among the top-ranked and largest PCAOB-registered audit and accounting firms in the U.S. Stran's CEO, Andy Shape, expressed confidence in a swift transition to Marcum, enabling the company to resume scheduled financial reporting.

On June 10, 2024, Stran & Company (NASDAQ: SWAG; SWAGW), a leading provider of outsourced marketing solutions, announced the expansion of contracts with multiple high-profile customers. These agreements, each expected to generate six-figure annual revenues, span various sectors including automotive, engineering, and oil and gas. The customers chose Stran for its reputation for quality and reliability. CEO Andy Shape highlighted the company's ability to scale operations and manage international inventory as key factors in securing these contracts. The expanded partnerships aim to enhance brand awareness and operational efficiency.

Stran & Company (NASDAQ: SWAG) has secured six-figure, multi-year agreements with two major industry players: a leading manufacturer of recreational watercrafts and a national pet supply retailer. These agreements demonstrate Stran's ability to provide cost-effective, technologically advanced promotional marketing solutions. Stran's selection was influenced by its strong track record, scalable warehousing, and creative abilities. The company aims to leverage these contracts to drive market awareness, customer loyalty, and sustained organic revenue growth.

Stran & Company (NASDAQ:SWAG) announced its participation in the Spring MicroCap Rodeo Conference on June 6, 2024, in New York City. CEO Andy Shape will present at 10:30 a.m. ET. The presentation will be webcast live and available on the company's website. Management will also hold 1-on-1 meetings with approved investors throughout the conference. For more information and registration details, visit the MicroCap Rodeo website.

Stran & Company (NASDAQ: SWAG), a leading outsourced marketing solutions provider, has postponed its 2024 first quarter earnings conference call. This postponement is due to the recent dismissal of its former independent registered public accounting firm. The company is currently in the process of selecting a new auditor and will announce a new date and time for the conference call as soon as possible. The call will report preliminary unaudited financial results for the first quarter of 2024.