Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 60

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1
Chunk 60
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 we elect to rely on these exemptions, or if taking advantage of these exemptions would result in less
active trading or more volatility in the price of our securities.

36

As a non-accelerated filer, we are not required
to comply with the auditor attestation requirements of the Sarbanes-Oxley Act.

We are not an “accelerated filer”
or a “large accelerated filer” under the Exchange Act. Rule 12b-2 under the Exchange Act defines an “accelerated filer”
to mean any company that first meets the following conditions at the end of each fiscal year: The company had a public float of $75 million
or more, but less than $700 million, as of the last business day of the company’s most recently completed second fiscal quarter;
the company has been subject to the reporting requirements of the Exchange Act for at least twelve calendar months; the company has filed
at least one annual report under the Exchange Act; the company did not have annual revenues of less than $100 million and either no public
float or a public float of less than $700 million; and, once the company determines that it does not qualify for “smaller reporting
company” status because it exceeded one or more of the current thresholds for such status, is not eligible to regain “smaller
reporting company” status under the test provided under paragraph (3)(iii)(B) of the “smaller reporting company” definition
in Rule 12b-2 of the Exchange Act. Rule 12b-2 under the Exchange Act defines a “large accelerated filer” in the same way as
an “accelerated filer” except that the company meeting the definition must have a public float of $700 million or more as
of the last business day of the company’s most recently completed second fiscal quarter.

A non-accelerated filer is not required to file
an auditor attestation report on internal control over financial reporting that is otherwise required under Section 404(b) of the Sarbanes-Oxley
Act.

Therefore, our internal control over financial
reporting will not receive the level of review provided by the process relating to the auditor attestation included in annual reports
of issuers that are subject to the auditor attestation requirements. In addition, we cannot predict if investors will find our common
stock less attractive because we are not required to comply with the auditor attestation requirements. If some investors find our common
stock less