Stran & Company, Inc. announces pricing of upsized $18.0 million initial public offering and nasdaq listing

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Stran &Company, Inc. (NASDAQ: STRN) (NASDAQ: STRNW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today announced the pricing of its upsized initial public offering of 4,337,349 units, each consisting of one share of common stock (the “Common Stock”) and a warrant (the “Warrants”)to purchase one share of Common Stock, at a public offering price of $4.15 per unit, for aggregate gross proceeds of approximately $18.0million, prior to deducting underwriting discounts, commissions, and other offering expenses. Each unit will immediately separate into one share of Common Stock and one Warrant.  Each Warrant permits the holder to purchase one share of common stock at an exercise price of $5.1875 and expires five years after the date of issuance. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 650,602 shares and/or warrants to purchase up to 650,602 shares of Common Stock, in any combinations thereof, at the public offering price per security, less the underwriting discounts and commissions, to cover over-allotments, if any. The offering is expected to close on or about November12, 2021, subject to satisfaction of customary closing conditions.

The Company has received approval to list its Common Stock and Warrants on the Nasdaq Capital Market, with its Common Stock trading under the symbol “STRN” and the Warrants trading under the symbol “STRNW”, with trading expected to begin on November 9, 2021.

EF Hutton, division of Benchmark Investments, LLC, is acting as lead book-running manager for the offering. US Tiger Securities, Inc. is acting as joint book-running manager.

A registration statement on Form S-1, as amended(File No. 333-260109), was filed with the Securities and Exchange Commission (“SEC”) and was declared effective on November8, 2021, and a registration statement on Form S-1MEF (File No. 333-260880), was filed with the SEC on the same date and became effective upon filing. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website athttp://www.sec.gov. Electronic copies of the final prospectus relating to this offering, when available, may be obtained from EF Hutton, division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@efhuttongroup.com or telephone at (212) 404-7002.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.