Stran & Company Inc. has announced the repurchase of 100,000 shares of its common stock from Andrew Shape, the company's President and CEO, at a price of $1.47 per share, totaling approximately $147,024 USD. This transaction forms part of the company's ongoing stock repurchase program authorized by the Board, which allows for up to $10 million in buybacks. The reacquired shares will be retired and canceled immediately upon settlement.
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