Company: SWAGW
Filing Date: 2025-01-22
Form Type: 10-K/A
Source: 0001213900-25-005516
Chunk: 192

Company: Stran & Company, Inc.
Filing Date: 2025-01-22
Form: 10-K/A
Chunk 192
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 | Weighted       
 Average        
 Exercise Price |      |     | Weighted     
 Average Life 
 (Years)      |     |     | Aggregate       
 Intrinsic Value |   |
|:--------------------------|:----|:------------|-----------:|:--|:----|:---------------|-----:|:----|:-------------|----:|:----|:----------------|:--|
| Balance January 1, 2022   |     |             | 10,345,784 |   |     | $              | 4.90 |     |              | 5.0 |     | $               | — |
| Warrants exercised        |     |             |   (271,589 | ) |     |                | 4.81 |     |              |   — |     |                 | — |
| Balance December 31, 2022 |     |             | 10,074,195 |   |     | $              | 4.91 |     |              | 5.0 |     | $               | — |
| Balance December 31, 2023 |     |             | 10,074,195 |   |     | $              | 4.91 |     |              | 4.0 |     | $               | — |

F-35 STRAN & COMPANY, INC.
NOTES TO THE RESTATED FINANCIAL STATEMENTS
(in thousands, except share and per share amounts)

Stock Repurchase Program

On February 21, 2022, the Board of Directors of the Company authorized a repurchase of up to $ 10,000of the Company’s shares from time to pursuant to a stock repurchase program, or the 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. Upon retirement, the Company allocates amounts in excess of par value between additional paid-in capital and retained earnings. The portion charged to retained earnings is first limited to positive amounts (i.e., credit balances) in retained earnings and then to positive amounts in additional paid-in capital.

| Period