Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 312

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 312
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centive Plan In January 2019, the Company’s Board approved the 2019 Long -TermIncentive Plan (the “2019 LTIP”). The Board granted 6,084 units to adequately motivate the participants and drive performance for the period.

F-34

STAFFING 360 SOLUTIONS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FISCAL YEARS ENDED DECEMBER 30, 2023 AND DECEMBER 31, 2022 (All amounts in thousands) NOTE 13 — STOCKHOLDERS’ (DEFICIT) EQUITY (cont.) Units vest upon the following: •50% upon the employee being in good standing on December31, 2020; and, •50% upon the average share price of the Company’s common stock during the 90 -dayperiod leading up to December31, 2020, based upon the following Vesting Rate table:

| Average 2019 Price |     | Vesting Rate |
| <$480 per share    |     |            0 |
| >$480 per share    |     |    Pro-rated |
| >=$720 per share   |     | Full Vesting |

On January 8, 2021, the Company issued 2,584shares to the remaining 50% of eligible employees in good standing on December 31, 2020. The remaining shares available in this plan expired. The Company has recognized expense of $0 and $4 related to the 2019 LTIP in Fiscal 2023 and Fiscal 2022, respectively. 2020 Omnibus Incentive Plan On June 30, 2020, the Board approved the 2020 Omnibus Incentive Plan (the “2020 Plan”) pursuant to which we may grant equity incentive awards to key employees, key contractors, and non -employeedirectors of the Company. The 2020 Plan provides for the granting of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards, dividend equivalent rights, and other awards, which may be granted singly or in combination, and that may be paid in cash, shares of our common stock, or a combination of cash and common stock. A total of 12,500shares of common stock were reserved for grant under the 2020 Plan, plus any awards reserved under the Company’s prior equity incentive plans, subject to adjustment