Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 287

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 287
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     | $            |   7,839 |   |     | $     |  11,193 |   |

|                          |     | December 31, 2022 |        |   |     |             |        |   |     |              |        |   |     |       |         |   |
|:-------------------------|:----|:------------------|-------:|:--|:----|:------------|-------:|:--|:----|:-------------|-------:|:--|:----|:------|--------:|:--|
|                          |     | Tradenames        |        |   |     | Non-Compete |        |   |     | Customer     
 Relationship |        |   |     | Total |         |   |
| Intangible assets, gross |     | $                 |  8,217 |   |     | $           |  2,134 |   |     | $            | 18,826 |   |     | $     |  29,177 |   |
| Accumulated amortization |     |                   | (4,315 | ) |     |             | (2,134 | ) |     |              | (9,889 | ) |     |       | (16,338 | ) |
| Intangible assets, net   |     | $                 |  3,902 |   |     | $           |      — |   |     | $            |  8,937 |   |     | $     |  12,839 |   |

On April 18, 2022, the Company entered into a Stock Purchase Agreement with Headway Workforce Solutions, pursuant to which, among other things, the Company agreed to purchase all of the issued and outstanding securities of Headway in exchange for (i) a cash payment of $14, and (ii) 9,000,000shares of our Series H Preferred Stock, with a value equal to the Closing Payment, as defined in the Stock Purchase Agreement. On May 18, 2022, the Headway Acquisition closed. As of December 30, 2023, estimated annual amortization expense for each of the next five fiscal years is as follows:

| Fiscal year ended December 
 2024                       |     | Amount |  1,797 |
|:---------------------------|:----|:-------|-------:|
| 2025                       |     |        |