Stran & Company, Inc. (NASDAQ: SWAGW) is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets. The company does not engage in any operations other than identifying and evaluating potential acquisition targets.
Stran & Company focuses on industries across North America, leveraging its management team’s experience in finance, operations and strategic planning to structure and negotiate business combinations. The company seeks opportunities where it can apply its expertise to drive operational improvements and strategic growth, aiming to create long-term shareholder value through targeted mergers and acquisitions.
In December 2020, Stran & Company was incorporated in Delaware, and it completed its initial public offering in mid-2023, issuing units consisting of common stock and warrants. Net proceeds from the offering were placed in a trust account, which will be used to finance a qualifying business combination within the timeframe prescribed by regulatory guidelines.
The company is overseen by a management team with backgrounds in investment banking, private equity and corporate development. Stran & Company collaborates with financial and industry advisors to conduct due diligence, evaluate prospective targets and structure transactions that align with the interests of its public shareholders.
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