secwatch.observer — SEC 8-K summary
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Issuer:     Stran & Company, Inc. (SWAG)
CIK:        0001872525
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001213900-23-044681
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stran & Company completes acquisition of T R Miller; $2.15M cash plus earn-outs
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- Paid $2,154,230 in cash at closing; installment payments of $1.1M over 4 years and earn-out payments linked to gross profit above $4M.
- T R Miller unaudited FY2022 revenue of approximately $19M; adds 20,000 sq ft decoration, fulfillment, and distribution center in Walpole, MA.
- Tom Miller to continue under a consulting agreement; Stacy Miller appointed VP of Integration and Sales Development.
- Acquisition is accretive and synergistic, according to management; marks fourth acquisition since start of 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1872525/000121390023044681/0001213900-23-044681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1872525/000121390023044681/ea179615-8k_stranandco.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-044681

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