Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 221

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1A
Chunk 221
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 business does not infringe on or otherwise violate the intellectual
property rights of others. We cannot assure that third parties will not assert claims against us on any such basis or that we will be
able to successfully resolve such claims. In addition, the laws of some foreign countries do not allow us to protect, defend or enforce
our intellectual property rights to the same extent as the laws of the United States. We could also incur substantial costs to defend
legal actions relating to use of our intellectual property or prosecute legal actions against others using our intellectual property,
either of which could have a material adverse effect on our business, results of operations or financial condition. There also can be
no assurance that we will be able to negotiate and conclude extensions of existing license agreements on similar economic terms or at
all.

Climate change impacts including supply
chain disruptions, operational impacts, and geopolitical events may impact our business operations.

We source a large number of raw materials from
third-party suppliers globally. These products include both natural and synthetic materials derived from plants, animal products, and
organic and petroleum-based raw materials. Disruptions to the global supply chain due to climate-related impacts or geopolitical events
are possible and exist as external risk factors that we can respond to but not control. These events could limit our supply of key raw
materials, or could have significant impacts to pricing. We work with multiple raw material suppliers to mitigate lack of availability
from a single supplier, however in some cases products with limited numbers of suppliers may become difficult to obtain.

Some of our vendors have manufacturing operations
in areas vulnerable to coastal storms which may increase in magnitude and impact due to climate change. Increasingly large and unprecedented
weather events may pose a risk to business operations in vulnerable areas. Storms could cause business interruptions, incur additional
restoration costs, and impact product availability and pricing.

Increased focus by governments, vendors,
stockholders, and customers on sustainability issues, including those related to climate change, may have a material adverse effect on
our business and operations.

Federal, state and local governments, as well
as some of our vendors and customers, are beginning to respond to climate change and other sustainability issues. This increased focus
on sustainability may result in new legislation or regulations and vendor and customer requirements that could negatively affect us as
we may incur additional costs or be required to make changes to our operations in order to comply with any new regulations or vendor,
customer, or stockholder requirements. Legislation or regulations that potentially impose restrictions, caps, taxes, or other controls