Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 239

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1A
Chunk 239
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 Securities Act registration statement, the number of such shares included in the registration
statement by the estimated public offering price of the shares; or

●in the case of an issuer whose public float as calculated under paragraph
(1) or (2) of this definition was zero or whose public float was less than $700 million, had annual revenues of less than $100 million
during the most recently completed fiscal year for which audited financial statements are available.

37

If a company determines that it does not qualify
for smaller reporting company status because it exceeded one or more of the above thresholds, it will remain unqualified unless when making
its annual determination it meets certain alternative threshold requirements which will be lower than the above thresholds if its prior
public float or prior annual revenues exceed certain thresholds.

As a smaller reporting company, we are not required
to include a Compensation Discussion and Analysis section in our proxy statements; we may provide only two years of financial statements;
and we need not provide the table of selected financial data. We will also be exempt from certain greenhouse gas emissions disclosure
and related third-party assurance requirements. We also have other “scaled” disclosure requirements that are less comprehensive
than issuers that are not smaller reporting companies which could make our securities less attractive to potential investors, which could
make it more difficult for our securityholders to sell their securities.

As a “smaller reporting company,”
we may at some time in the future choose to exempt our company from certain corporate governance requirements that could have an adverse
effect on our public stockholders.

Under Nasdaq rules, a “smaller reporting
company,” as defined in Rule 12b-2 under the Exchange Act, is not subject to certain corporate governance requirements otherwise
applicable to companies listed on Nasdaq. For example, a smaller reporting company is exempt from the requirement of having a compensation
committee composed solely of directors meeting certain enhanced independence standards, as long as the compensation committee has at least
two members who do meet such standards. Although we have determined not to avail ourselves of this or other exemptions from Nasdaq requirements
that are or may be afforded to smaller reporting companies while our shares and warrants are listed on Nasdaq, in the future we may elect
to rely on any or all of these exemptions. By electing to utilize any such exemptions, our company may be subject to greater risks of
poor corporate governance, poorer management decision-making processes, and reduced results of operations from problems in our corporate
organization. Consequently, if we were to