Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 46

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1
Chunk 46
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 plans, a qualitative description of how the development of such estimates and assumptions
was impacted, disclosed in a note to our financial statements.

We will be exempt from the SEC rules’ requirements
to disclose certain information about our greenhouse gas emissions and comply with related auditor assurance requirements as long as we
remain a “smaller reporting company” (as described below under —Risks Related to our Common Stock and Publicly-Traded
Warrants – We are a ’smaller reporting company’ within the meaning of the Exchange Act, and if we take advantage of
certain exemptions from disclosure requirements available to smaller reporting companies, this could make our securities less attractive
to investors and may make it more difficult to compare our performance with other public companies.”) or an “emerging
growth company” (as described below under “—Risks Related to our Common Stock and Publicly-Traded Warrants –
We are subject to ongoing public reporting requirements that are less rigorous than Exchange Act rules for companies that are not emerging
growth companies and our stockholders could receive less information than they might expect to receive from more mature public companies.”).
In addition, these disclosure rules will not require compliance by us until our fiscal year beginning in 2027, with certain requirements
not becoming effective until our fiscal year beginning in 2028, if we remain a smaller reporting company or emerging growth company.

28

A number of petitions have been filed in federal
courts seeking to challenge the SEC’s climate disclosure rules. On April 4, 2024, the SEC issued an order staying the rules. The
SEC’s administrative stay will remain in place until the completion of litigation filed in the federal courts that challenges the
agency’s authority to adopt the rules. The outcome of this litigation cannot be determined.

Assuming that the SEC climate disclosure rules
are ultimately upheld in their present form, and even in light of the exemptions and accommodations made for smaller reporting companies
and emerging growth companies described above, the costs to adopt the necessary disclosure controls and procedures to disclose all required
information, the potential costs to make changes in our operations to allow us to improve our climate change-related disclosures, or the
potential loss of revenues from these disclosure requirements due to investor, customer, or vendor requirements to disclose and meet certain
climate change-related targets pursuant to these disclosure rules, may still have a material adverse effect on our business and operations.

Some
of the products that we design or otherwise assist customers with producing create exposure to potential product liability, warranty liability