Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 232

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1A
Chunk 232
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 warrants are exercisable for
five years from the date of initial issuance and currently have an exercise price of $4.81375 per share. There can be no assurance that
the market price of our shares of common stock will equal or exceed the exercise price of the publicly-traded warrants. In the event that
the stock price of our shares of common stock does not exceed the exercise price of the publicly-traded warrants during the period when
the publicly-traded warrants are held and exercisable, the publicly-traded warrants may not have any value to their holders.

33

Holders of publicly-traded warrants have
no rights as stockholders until such holders exercise their publicly-traded warrants and acquire our shares of common stock.

Until holders of our publicly-traded warrants
acquire shares of common stock upon exercise thereof, such holders will have no rights with respect to the shares of common stock underlying
the publicly-traded warrants. Upon exercise of the publicly-traded warrants, the holders will be entitled to exercise the rights of a
stockholder only as to matters for which the record date occurs after the date they were entered in the register of members of the Company
as a stockholder.

The warrant certificate governing our publicly-traded
warrants designates the state and federal courts of the State of New York sitting in the City of New York, Borough of Manhattan, as the
exclusive forum for actions and proceedings with respect to all matters arising out of the publicly-traded warrants, which could limit
a warrantholder’s ability to choose the judicial forum for disputes arising out of the publicly-traded warrants.

The warrant certificate governing our publicly-traded
warrants provides that all legal proceedings concerning the interpretations, enforcement and defense of the transactions contemplated
by the warrant certificate (whether brought against a party to the warrant certificate or their respective affiliates, directors, officers,
stockholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal courts sitting in the City
of New York. The warrant certificate further provides that we and the warrantholders irrevocably submit to the exclusive jurisdiction
of the state and federal courts sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute under the warrant
certificate or in connection with it or with any transaction contemplated by it or discussed in it, including under the Securities Act.
Furthermore, we and the warrantholders irrevocably waive, and agree not to assert in any suit, action or proceeding,