Stran signs definitive asset purchase agreement to acquire Premier NYC, no terms disclosed

Stran & Company, Inc.

Definitive agreement to acquire Premier Business Services (Premier NYC), founded 1988 in Larchmont, NY.
Premier NYC brings over 30 years of promotional products experience and marquee clients including a top stock exchange and Ivy League university.
Acquisition expected to close in December 2022, subject to customary closing conditions; purchase price not disclosed.
Stran plans to enhance Premier NYC's offerings with its technology and expand Northeast presence.
CEO Andy Shape cites opportunity to acquire a complementary, profitable business at an attractive valuation.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Stran & Company, Inc. shareholders approved Ratification of the Appointment of BF Borgers CPA PC as the Company’s Independent Registered Public Accounting Firm at the 2022-11-30 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2022-11-30

Exact text from the filing

Stockholders approved the ratification of the appointment of BF Borgers CPA PC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022, based on the following votes. For Against Abstain 14,633,159 84,229 7,008 There were no broker non-votes with respect to this proposal.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Stran & Company, Inc. shareholders approved Election of Directors at the 2022-11-30 meeting.

Proposal: director election
Outcome: passed
Meeting: 2022-11-30

Exact text from the filing

Stockholders elected each of the following nominees as a director to hold office until the 2023 Annual Meeting based on the following votes. Nominee For Withheld Broker Non-Votes Andrew Stranberg 11,012,666 47,030 3,664,700 Andrew Shape 11,045,232 14,464 3,664,700 Travis McCourt 10,960,941 98,755 3,664,700 Alan Chippindale 10,952,264 107,432 3,664,700 Alejandro Tani 10,957,030 102,666 3,664,700 Ashley Marshall 10,962,968 96,728 3,664,700

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549 shareholder votes filed in the last 30 days. Browse all shareholder votes →

Stran & Company, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-077283

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