Stran shares rise 20.64% intraday after renewing 3-year, multi-million dollar contract with global non-profit running organization as exclusive merchandise partner for flagship marathons and events.

Stran surged 20.64% intraday, driven by a three-year, multi-million-dollar contract renewal to become the exclusive merchandise partner for flagship marathons and large events of a global non-profit running organization. The partnership involves branded apparel supply and high-volume fulfillment, generating predictable recurring revenue. The company specializes in outsourced marketing solutions, focusing on promotional products and loyalty incentives, with long-term partnerships in major sports and experiential marketing.