Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 41

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 permitted to, and intend to,
rely on exemptions from certain disclosure requirements. For so long as we are an emerging growth company, we will not be required to:

●have
                                            an auditor report on our internal control over financial reporting pursuant to Section 404(b)
                                            of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”);

●present
                                            three years, and may instead present only two years, of audited financial statements, with
                                            correspondingly reduced “Management’s Discussion and Analysis of Financial Condition
                                            and Results of Operations” disclosure in this report;

●comply
                                            with any requirement that may be adopted by the Public Company Accounting Oversight Board
                                            regarding mandatory audit firm rotation or a supplement to the auditor’s report providing
                                            additional information about the audit and the financial statements (i.e., an auditor discussion
                                            and analysis);

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●comply
                                            with certain greenhouse gas emissions disclosure and related third-party assurance requirements;

●submit
                                            certain executive compensation matters to stockholder advisory votes, such as “say-on-pay”
                                            and “say-on-frequency;” and

●disclose
                                            certain executive compensation related items such as the correlation between executive compensation
                                            and performance and comparisons of the chief executive officer’s compensation to median
                                            employee compensation.

In addition, Section 107 of the JOBS Act also
provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities
Act of 1933, as amended (the “Securities Act”), for complying with new or revised accounting standards. In other words, an
emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private
companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore
not be comparable to those of companies that comply with such new or revised accounting standards.

We will remain an emerging growth company until
the earliest of (i) the last day of the fiscal year following the fifth anniversary of our initial public offering, (ii) the last day
of the first fiscal year in which our total annual gross revenues are $1.07 billion or more, (iii) the date that we become a “large
accelerated filer” as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the “