Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 59

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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 will have a material adverse effect on our business, financial condition or operating results.

ITEM 1A. RISK FACTORS.

Not applicable.

ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

Unregistered Sales of Equity Securities

During the three months ended March 31, 2024,
we did not sell any equity securities that were not registered under the Securities Act and that were not previously disclosed under
Item 3.02 in a Current Report on Form 8-K.

Purchases of Equity Securities

No repurchases of our common stock were made
during the three months ended March 31, 2024. For a description of the Company’s stock repurchase program, see “Part I. Financial
Information – Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. –
Liquidity and Capital Resources – Stock Repurchase Program”.

ITEM
3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM
4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM
5. OTHER INFORMATION.

We have no information to disclose that was required
to be disclosed in a Current Report on Form 8-K during the three months ended March 31, 2024 but was not reported. There have been no
material changes to the procedures by which security holders may recommend nominees to our board of directors where those changes were
implemented after the Company last provided disclosure of such procedures.

40

ITEM
6. EXHIBITS.

    Exhibit No.
     
    Description
  
    3.1
     
    Articles
    of Incorporation of Stran & Company, Inc. (incorporated by reference to Exhibit 3.1 to the Registration Statement on Form S-1
    filed on October 7, 2021)
  
    3.2
     
    Amended
    and Restated Bylaws of Stran & Company, Inc. (incorporated by reference to Exhibit 3.2 to the Amendment No.1 to Registration
    Statement on Form S-1 filed on October 22, 2021)
  
    10.1
     
    Commercial
    Loan Modification Agreement, dated as of February 12, 2024, between Salem Five Cents Savings Bank and Stran & Company, Inc. (incorporated
    by reference to Exhibit 10.42 to the Annual Report on Form