---
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"
generated_at: "2026-05-23T20:14:50.696029+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Stran provides pro forma financials for Gander Group acquisition; combined H1 2024 rev $60.4M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 9.01, 2.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-029436
- JSON: https://secwatch.observer/filing/0001213900-25-029436.json
- Plain text: https://secwatch.observer/filing/0001213900-25-029436.txt

## Key facts
- M&A Transactions
  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).
  - Action: acquisition
  - Counterparty: Sallyport Commercial Finance, LLC (as Secured Party for Bangarang Enterprises, LLC)
  - Consideration: cash payments of $1,098,800 and assumption of certain liabilities totaling approximately $5.5 million
  - 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/1872525/000121390025029436/0001213900-25-029436-index.htm

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