Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 45

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 45
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 however, that 600,000shares of Merger Consideration shall be freely tradable following the closing of the Merger; and 13 •signed agreements to be mutually agreed to by the Parties whereby the applicable parties shall: (i) convert any amounts owed in Earned Contingent Cash Payment into five million (5,000,000) shares of Series H Preferred Stock of Staffing 360 and waive any interest/dividends or other payments due from Staffing 360 related to the Series H Preferred Stock; and (ii) lock -upagreements such that the Merger Consideration for all of the shares of Series H Preferred Stock are; (A) subject to a lock up for the 6 months after Closing as follows; (B) 1,750,000shares of Atlantic Common Stock are subject to a lock -upfor the period starting on 6 months after Closing until 9 months after Closing; (C) 875,000shares of Atlantic Common Stock are subject to a lock -upfor the period starting on 9 months after Closing until 12 months after Closing; and (D) the lock -upshall terminate 12 months after Closing and (E) the lock -upshall not apply to the extent shares of Atlantic Common Stock must be sold to pay any taxes from such applicable holder. No assurance can be given that the required consents and approvals will be obtained or that the required conditions to closing will be satisfied, and, if all required consents and approvals are obtained and the conditions are satisfied, no assurance can be given as to the terms, conditions and timing of such consents and approvals. Any delay in completing the Merger could cause Atlantic International not to realize, or to be delayed in realizing, some or all of the benefits that Atlantic International expects to achieve if the Merger is successfully completed within the expected time frame. For a more complete summary of the conditions that must be satisfied or waived prior to completion of the Merger, see the section titled “ The Merger Agreement — Conditions to the Completion of the Merger” of this proxy statement/prospectus. Additionally, either Atlantic International or Staffing 360 may terminate the Merger Agreement under certain circumstances. If the Merger is not completed for any reason, including as a result of a failure to obtain the required Staffing 360 stockholder vote to approve the Merger Agreement Adoption Proposal, the ongoing businesses of Atlantic International and Staffing 360 may be adversely affected and, without realizing any of the benefits