Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 183

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 183
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 to act as exchange agent in connection with the Merger. Promptly after the Effective Time, Atlantic International shall cause each person who was, at the Effective Time, a holder of record of shares of Staffing 360 common stock, Series H Preferred Stock and Series I Preferred Stock entitled to receive the Merger Consideration to receive instructions for use in effecting the surrender of the non -certificatedStaffing 360 common stock represented by book -entryin exchange for the Merger Consideration. The holders of such 102 shares of Staffing 360 common stock, Series H Preferred Stock and Series I Preferred Stock are entitled to receive in exchange therefor the Merger Consideration, pursuant to the applicable Exchange Ratio and the terms of the Merger Agreement. Until surrendered as contemplated by the Merger Agreement, each book -entryshare will be deemed at all times after the Effective Time to represent only the right to receive upon such surrender the Merger Consideration to which holder of such book -entryshare is entitled to. Directors and Executive Officers of the Combined Company Following the Merger The Merger Agreement provides that after Closing, Atlantic International will have the right to appoint the members of Staffing 360’s board of directors. There will be no change to the members of the Board of Directors of Atlantic International or executive officers of Atlantic International as a result of the Merger. Each of Brendan Flood and Alicia Barker with continue to be employed within their respective roles with Staffing 360. Pursuant to the Merger Agreement, Atlantic International and Staffing 360 have agreed to the terms of amended employment agreements with Brendan Flood and Alicia Barker, as President and Executive Vice President, respectively, prior to the filing with the SEC of the Registration Statement on Form S -4in connection with the Merger, with such terms including an issuance of 1,263,020 of Atlantic common stock to each of Brendan Flood and Alicia Barker, which includes a six -monthvesting period and a term of three years. Conditions to the Closing of the Merger Mutual Conditions Each party’s obligation to effect the Merger and consummate the other transactions contemplated by the Merger Agreement is subject to the satisfaction or waiver at or prior to closing of each of the following conditions: •the Parties shall have performed and complied in all material respects with all terms, covenants and conditions of the Merger Agreement to be complied with and performed by the parties at or before closing of the Merger; •there shall be no pending or threatened material third party actions seeking