Company: SWAGW
Filing Date: 2025-04-07
Form Type: 8-K/A
Source: 0001213900-25-029436
Chunk: 2

Company: Stran & Company, Inc.
Filing Date: 2025-04-07
Form: 8-K/A
Chunk 2
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 intended to project the future results of operations that the combined company may achieve after the transactions.

The disclosure contained in Item 2.01 of the Original
Report is repeated below for convenience. No other changes have been made to the Original Report, as amended by the First Amended Report.

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Item 2.01 Completion of Acquisition or Disposition of Assets.

On August 23, 2024, Stran Loyalty Solutions, LLC,
a Nevada limited liability company (the “Purchaser”), a wholly-owned subsidiary of the Company, entered into a Secured Party
Sale Agreement, dated as of August 23, 2024 (the “Sale Agreement”), with Sallyport Commercial Finance, LLC, a Delaware limited
liability company (“Secured Party”), pursuant to which the Purchaser agreed to purchase, on an as-is basis, all of the rights
and interests of Bangarang Enterprises, LLC, a California limited liability company (d/b/a Gander Group) (“Bangarang”), in
and to substantially all of the assets of Bangarang (the “Bangarang Assets”) from Secured Party as a private sale pursuant
to Article 9 of the Uniform Commercial Code (the “Bangarang Transaction”).

Under the Sale Agreement, the aggregate consideration
for the Bangarang Assets consisted of (a) cash payments by the Purchaser to Secured Party of $1,098,800 (the “Cash Purchase Price”),
and (b) the assumption by the Purchaser of certain liabilities totaling approximately $5.5 million (the “Assumed Liabilities”),
subject to adjustments, as described below, at and following the Closing (as defined below), including the payment at the Closing of $150,000
to Warson Capital Partners, LLC, an investment banking firm retained by Bangarang, for its fees and expenses with respect to the Bangarang
Transaction, including the marketing for sale of the Bangarang Assets (the “Transaction Expense Payment”).

At the consummation of the transactions contemplated
by the Sale Agreement (the “Closing”), the Purchaser paid the Cash Purchase Price and assumed the Assumed Liabilities, including
the payment of the Transaction Expense Payment. As a result of the Closing, the Company indirectly acquired substantially all of the assets
of Bangarang, including all of the equity of Gander Group Louisiana, LLC, a Louisiana limited liability company (“GGLA”),
which will be