Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 47

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1
Chunk 47
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or personal injury claims and litigation.

Some of
the products that we design or otherwise assist customers with producing are used in applications and situations that involve risk of
personal injury and death. Our services expose us to potential product liability, warranty liability, and personal injury claims and litigation
relating to the use or misuse of our products including allegations of defects in manufacturing, defects in design, a failure to warn
of dangers inherent in the product or activities associated with the product, negligence and strict liability. If successful, such claims
could have a material adverse effect on our business.

Defects
in the products that we design or otherwise assist customers with producing could reduce demand for our products and result in a decrease
in sales and market acceptance and damage to our reputation.

Although we carry certain standard commercial
insurance, including products-completed operations coverage, we do not currently maintain separate product liability insurance, and we
may not be able to obtain and maintain such insurance on acceptable terms, if at all, in the future. Even if we have purchased product
liability insurance in the future, product liability claims may exceed the amount of our insurance coverage. In addition, our reputation
may be adversely affected by such claims, whether or not successful, including potential negative publicity about our products.

We may be subject to periodic litigation
in both domestic and international jurisdictions that may adversely affect our financial position and results of operations. 

From time to time we may be involved in legal
or regulatory actions regarding product liability, employment practices, intellectual property infringement, bankruptcies and other litigation
or enforcement matters. These proceedings may be in jurisdictions with reputations for aggressive application of laws and procedures against
corporate defendants. We are impacted by trends in litigation, including class-action allegations brought under various consumer protection
and employment laws. Due to the inherent uncertainties of litigation in both domestic and foreign jurisdictions, we cannot accurately
predict the ultimate outcome of any such proceedings. These proceedings could cause us to incur costs and may require us to devote resources
to defend against these claims and could ultimately result in a loss or other remedies, such as product recalls, which could adversely
affect our financial position and results of operations.

Volatility in the global financial markets
could adversely affect results. 

In the past, global financial markets have experienced
extreme disruption, including, among other things, volatility in securities prices, diminished liquidity and credit availability, rating
downgrades of certain investments and declining valuations of others. There can be no assurance that there will not be