secwatch.observer — SEC 8-K summary
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Issuer:     Stran & Company, Inc. (SWAG)
CIK:        0001872525
Form:       8-K/A
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001213900-24-095904
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 9.01, 2.01, 1.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1872525/000121390024095904/0001213900-24-095904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1872525/000121390024095904/ea0220494-8ka1_stran.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-095904

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