Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 29

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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been exercised.

As of June 30, 2025 and December 31,
2024, there have been no exercises of the PIPE Warrants and there were 5,596,061 PIPE Warrants remaining outstanding.

The following table reflects all outstanding
and exercisable warrants at June 30, 2025 and December 31, 2024:

     Number of 
Warrants 
Outstanding   Weighted 
Average 
Exercise 
Price   Weighted 
Average 
Life (Years)   Aggregate

Intrinsic 
Value   Outstanding at December 31, 2024   10,074,195   $4.91    3.0   $—   Outstanding at June 30, 2025   10,074,195   $4.91    2.5   $—  

Stock Repurchase Program

On February 21, 2022, the board of
directors of the Company authorized a repurchase of up to $10 million of the Company’s shares from time to pursuant to a stock repurchase
program. Under the terms of the repurchase program, the Company may repurchase shares through open market or negotiated private transactions.
The timing and extent of any purchases depend upon ongoing assessments of the Company’s capital needs, market conditions and the
price of the Company’s common stock, and other corporate considerations, as determined by management, and are subject to the restrictions
relating to volume, price and timing under applicable laws, including but not limited to, Rule 10b-18 promulgated under the Exchange Act.
On June 30, 2025, the Company adopted broker repurchase instructions pursuant to Rule 10b-18 and Rule 10b5-1 promulgated pursuant to the
Exchange Act. Each of the above broker repurchase instructions was adopted in accordance with the restrictions that would apply to the
Company if it were subject to the Stran & Company, Inc. Second Amended and Restated Insider Trading Policy (the “Insider Trading
Policy”), which generally permits insider purchases of the Company’s stock during the period beginning on the second business day
following the day of public release of the Company’s quarterly or annual earnings and ending on the last day of the then-current quarter;
repurchases pursuant to a plan that meets the requirements of Rule 10b5-1; or that meet certain other requirements.

The Company did not repurchase any
shares during the three and six