Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 62

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1
Chunk 62
---
 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 avail ourselves of these exemptions, the prices of our securities might suffer, and there is
no assurance that we would be able to continue to meet all continuing listing requirements of Nasdaq from which we would not be exempt,
including minimum stock price requirements.

 ITEM 1B. UNRESOLVED STAFF COMMENTS. 

Not applicable.

38

 ITEM 1C. CYBERSECURITY.

Risk Management and Strategy

The Company recognizes the critical importance
of developing, implementing, and maintaining robust cybersecurity measures to safeguard our information systems and protect the confidentiality,
integrity, and availability of our data. We have developed the following processes as part of our strategy for assessing, identifying,
and managing material risks from cybersecurity threats