---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-095904"
form_type: "8-K/A"
ticker: "SWAG"
cik: "0001872525"
company_name: "Stran & Company, Inc."
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T03:00:23.832330+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Stran & Company completes acquisition of Bangarang assets for $1.1M cash and $5.5M liabilities

## Summary
- Acquired substantially all assets of Bangarang Enterprises (dba Gander Group) via private sale under Article 9 UCC.
- Cash purchase price of $1,098,800 plus assumption of approximately $5.5 million in liabilities.
- Bangarang reported net loss of $1,828,824 in 2023 and accumulated deficit of $14.5 million.
- Auditor raised substantial doubt about Bangarang's ability to continue as a going concern.
- Stran will file pro forma financial information in a subsequent amendment.

## SEC filing metadata
- accession: 0001213900-24-095904
- form_type: 8-K/A
- ticker: SWAG
- cik: 0001872525
- company_name: Stran & Company, Inc.
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01, 2.01, 1.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1872525/000121390024095904/0001213900-24-095904-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1872525/000121390024095904/ea0220494-8ka1_stran.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-095904
- JSON: https://secwatch.observer/filing/0001213900-24-095904.json
- Plain text: https://secwatch.observer/filing/0001213900-24-095904.txt

## Key facts
- M&A Transactions
  Stran & Company, Inc. completed an acquisition involving Sallyport Commercial Finance, LLC for aggregate consideration for the Bangarang Assets consisted of (a) cash payments by the Purchaser to Secured Party of $1,098,800 and (b) the assumption by the Pu (closed 2024-08-23).
  - Action: acquisition
  - Counterparty: Sallyport Commercial Finance, LLC
  - Consideration: aggregate consideration for the Bangarang Assets consisted of (a) cash payments by the Purchaser to Secured Party of $1,098,800 and (b) the assumption by the Pu
  - 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/1872525/000121390024095904/0001213900-24-095904-index.htm

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