Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 214

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1A
Chunk 214
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 privacy law, and regulations promulgated under the CPRA and the VCDPA.

22

In addition, similar consumer data privacy laws
have been passed and either are in effect or will become effective within the next 12 months in many other states, including Colorado
(CPA, effective July 1, 2023); Connecticut (CDPA, effective July 1, 2023); Utah (UCPA, effective December 31, 2023); Texas (TDPSA, effective
July 1, 2024); Oregon (OCPA, effective July 1, 2024); Montana (MCDPA, effective October 1, 2024); Iowa (ICPA, effective January 1, 2025);
Delaware (DPDPA, effective January 1, 2025); Nebraska (NEDPA, effective January 1, 2025); New Hampshire (NHDPA, effective January 1, 2025);
New Jersey (NJDPA, effective January 15, 2025); Minnesota (MCDPA, effective July 1, 2025); Tennessee (TIPA, effective July 1, 2025); Maryland
(MODPA, effective October 1, 2025); Indiana (ICDPA, effective January 1, 2026); Kentucky (KCDPA, effective January 1, 2026); and Rhode
Island (RIDTPPA, effective January 1, 2026). Further, there are several legislative proposals in the United States, at both the federal
and state level, that could impose new privacy and security obligations. We cannot yet determine the impact that these laws and regulations
may have on our business.

Outside of the U.S., data protection laws, including
the GDPR, also might apply to some of our operations or business collaborators. Legal requirements in the European Union and United Kingdom
relating to the collection, storage, processing and transfer of personal data/information continue to evolve. The GDPR imposes, among
other things, data protection requirements that include strict obligations and restrictions on the ability to collect, analyze and transfer
EU personal data/information, a requirement for prompt notice of data breaches to data subjects and supervisory authorities in certain
circumstances, and possible substantial fines for any violations (including possible fines for certain violations of up to the greater
of 20 million Euros or 4% of total company revenue). Other governmental authorities around the world