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

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1
Chunk 25
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 in the future or that additional tax reserves will not be necessary for any such exposures. Any increase
in the amount of taxation incurred as a result of challenges to our tax filing positions could result in a material adverse effect on
our business, results of operations and financial condition.

16

Other Regulations

We are subject to international, federal, national,
regional, state, local and other laws and regulations affecting our business, including those promulgated under the Occupational Safety
and Health Act, the Consumer Product Safety Act, the Flammable Fabrics Act, the Textile Fiber Product Identification Act, the rules and
regulations of the Consumer Products Safety Commission, the Food, Drug, and Cosmetic Act, the Foreign Corrupt Practices Act of 1977 (the
“FCPA”), various securities laws and regulations including but not limited to the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), the Securities Act of 1933, as amended (the “Securities Act”), the Listing Rules of The
Nasdaq Stock Market LLC (“Nasdaq”), various labor, workplace and related laws, and environmental laws and regulations. Failure
to comply with such laws and regulations may expose us to potential liability and have an adverse effect on our results of operations.

Corporate Structure and History

Our company was incorporated in Massachusetts
on November 17, 1995 under the name “Strän & Company, Inc.” We also use the registered trade name “Stran Promotional
Solutions”.

On September 26, 2020, we acquired certain assets
including the customer account managers and customer base of the Wildman Imprints promotional products business division of WBG.

On May 24,
2021, we changed our state of incorporation to the State of Nevada by merging into Stran & Company, Inc., a Nevada corporation
that was incorporated on May 19, 2021, and changed the spelling of our name to “Stran
& Company, Inc.” In addition, on May 24, 2021, our
authorized capital stock changed from 200,000 shares of common stock, $0.01 par value, to 350,000,000 shares, consisting of 300,000,000
shares of Common Stock, $0.0001 par value per share (“common stock”), and 50,000,000 shares of Preferred Stock, $0.0001 par
value per share (“preferred stock”). At the same time, we also completed a