{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-029436","form_type":"8-K/A","ticker":"SWAG","cik":"0001872525","company_name":"Stran & Company, Inc.","filed_at":"2025-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.317486+00:00","generated_at":"2026-05-23T20:14:50.696029+00:00","sec_items":["9.01","2.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Stran provides pro forma financials for Gander Group acquisition; combined H1 2024 rev $60.4M","bullets":["Unaudited pro forma revenue for six months ended June 30, 2024: $60.4M (Stran $35.5M + Gander $24.9M).","Pro forma net income for H1 2024: $1.2M vs Stran standalone net loss of $1.5M.","For FY2023, pro forma net loss: $542K vs Stran standalone net loss $385K.","Total purchase consideration: $1.5M ($1.1M cash to secured party + $370K to Bangarang).","Acquisition-related transaction costs of $435K incurred after June 30, 2024 reflected as pro forma adjustment."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-029436","json":"https://secwatch.observer/filing/0001213900-25-029436.json","markdown":"https://secwatch.observer/filing/0001213900-25-029436.md","text":"https://secwatch.observer/filing/0001213900-25-029436.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1872525/000121390025029436/0001213900-25-029436-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1872525/000121390025029436/ea0237259-8ka2_stran.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T20:14:50.696029+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ebd728d8672ee136abecefa17e900fd0f0bdfba7","claim":"Stran & Company, Inc. completed an acquisition involving Sallyport Commercial Finance, LLC (as Secured Party for Bangarang Enterprises, LLC) for cash payments of $1,098,800 and assumption of certain liabilities totaling approximately $5.5 million (closed 2024-08-23).","evidence_excerpt":"(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_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1872525/000121390025029436/0001213900-25-029436-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Sallyport Commercial Finance, LLC (as Secured Party for Bangarang Enterprises, LLC)"},{"label":"Consideration","value":"cash payments of $1,098,800 and assumption of certain liabilities totaling approximately $5.5 million"},{"label":"Closing","value":"2024-08-23"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}