Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 21

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 21
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 A:No. Staffing 360 stockholders do not have any dissenters’ or appraisal rights under Delaware law in connection with the proposed merger or with respect to any of the matters to be voted on at the special meeting. Q:Are there any risks that I should consider in deciding whether to vote for the approval of the Staffing 360 Merger Agreement adoption proposal? A:Yes. You should read and carefully consider the risk factors set forth in the section titled “ Risk Factors” of this proxy statement/prospectus. You also should read and carefully consider the risk factors of Atlantic International and Staffing 360 contained in the documents that are incorporated by reference into this proxy statement/prospectus. See the section titled “ Where You Can Find More Information” of this proxy statement/prospectus. Q:Who is soliciting proxies, how are they being solicited, and who pays the cost A:Proxies are being solicited by Staffing 360 officers, directors, and employees on behalf of Staffing 360 either by mail, telephone, telecopy, e -mailor through personal contact. These officers and employees will not receive additional compensation but will be reimbursed for out -of-pocketexpenses. Brokerage houses and other custodians, nominees, and fiduciaries, in connection with shares registered in their names, will be asked to forward solicitation material to the beneficial owners of such shares. Staffing 360 will reimburse brokerage houses and other custodians, nominees, and fiduciaries for their reasonable out -of-pocketexpenses for forwarding solicitation materials and collecting voting instructions. Q:What are the U.S. federal income tax consequences of the Merger to Staffing 360 stockholders? A:The Merger is intended to qualify as a “reorganization” within the meaning of Section 368(a)(2)(E) of the Internal Revenue Code (the “Code’), but no assurance can be given that the Merger will so qualify, that the U.S. Internal Revenue Service (the “IRS”), will not challenge such qualification or that a court would not sustain such a challenge. While the closing of the Merger is not conditioned upon achieving or receiving a ruling from the IRS or opinion of counsel with respect to, such qualification, Staffing 360 intends to obtain a tax opinion from its counsel, Haynes and Boone, LLP. Assuming that the Merger qualifies as a “reorganization,” a U.S. holder (as defined in the section titled “ U.S. Federal Income Tax