---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-072409"
form_type: "8-K"
ticker: "SWAG"
cik: "0001872525"
company_name: "Stran & Company, Inc."
filed_at: "2024-08-26T23:59:59+00:00"
generated_at: "2026-05-31T07:44:10.178231+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Stran acquires Gander Group assets for ~$1.1M cash plus ~$5.5M liabilities; expects annual revenue run rate >$100M

## Summary
- Total consideration: $1,098,800 cash plus assumption of ~$5.5M in liabilities; $370,000 paid to Bangarang for wind-down.
- Gander Group generated over $34M in revenue in 2023; Stran projects annualized revenue run rate will exceed $100M.
- Transaction funded from cash on hand; expected to be accretive and contribute positive cash flow immediately.
- Josh Blake (CEO) and Bruce Batcheller (COO) of Gander Group join Stran Loyalty Solutions to lead Casino Continuity.
- Acquisition via secured party sale from Sallyport Commercial Finance; no material relationship between parties.

## SEC filing metadata
- accession: 0001213900-24-072409
- form_type: 8-K
- ticker: SWAG
- cik: 0001872525
- company_name: Stran & Company, Inc.
- filed_at: 2024-08-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1872525/000121390024072409/0001213900-24-072409-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1872525/000121390024072409/ea0212358-8k_stran.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-072409
- JSON: https://secwatch.observer/filing/0001213900-24-072409.json
- Plain text: https://secwatch.observer/filing/0001213900-24-072409.txt

## Key facts
- M&A Transactions
  Stran & Company, Inc. completed an acquisition involving Sallyport Commercial Finance, LLC for $1,098,800 (closed 2024-08-23).
  - Action: acquisition
  - Counterparty: Sallyport Commercial Finance, LLC
  - Consideration: $1,098,800
  - Closing: 2024-08-23
  source text: (the “Bangarang Transaction”). Under the Sale Agreement, the aggregate consideration for the Bangarang Assets consisted of (a) cash payments by the Purchaser to Secured Party of $1,098,800 (the “Cash Purchase Price”), and (b) the assumption by the Purchaser of certain liabilities totaling approximately $5.5 million (the “Assumed Liabilities”), subject to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1872525/000121390024072409/0001213900-24-072409-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.