Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 13

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 13
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 Staffing 360 common stock in effect immediately prior to the completion of the Merger divided by the Exchange Ratio, rounded up to the nearest whole cent. Q:Will Staffing 360 warrants be affected by the Merger? A:At the effective time of the Merger, each outstanding warrant to purchase shares of common stock of Staffing 360 that has not been exercised prior to the closing of the Merger will be assumed by Atlantic International, subject to certain terms contained in the Merger Agreement, and become a warrant to purchase a number of shares of the Atlantic International common stock equal to the number of shares of Staffing 360 common stock underlying such warrant multiplied by the Exchange Ratio, and the exercise price for each share of Atlantic International common stock underlying an assumed warrant to purchase Staffing 360 common stock will be equal to the exercise price per share of the warrant to purchase Staffing 360 common stock in effect immediately prior to the completion of the Merger divided by the Exchange Ratio, rounded up to the nearest whole cent. Q:What respective equity stakes will Atlantic International stockholders and Staffing 360 stockholders hold in Atlantic International, immediately following the Merger? A:As of the date of this proxy statement/prospectus, based on the number of shares of Staffing 360 and Atlantic International common stock outstanding as of January8, 2025 (the “Record Date”), and based on the Exchange Ratio, the holders of shares of Atlantic International common stock as of immediately prior to the completion of the Merger would hold, in the aggregate, approximately 90.6% of the issued and outstanding shares of common stock of Atlantic International as combined with Staffing 360 immediately following the completion of the Merger, and holders of shares of Staffing 360 common stock as of immediately prior to the completion of the Merger would hold, in the aggregate, approximately 8%, of the issued and outstanding shares of common stock of Atlantic International and excluding Equity Awards combined with Staffing 360 immediately following the completion of the Merger. Q:How does the Staffing 360 Board of Directors recommend that I vote at the Staffing 360 special meeting? A:The Staffing 360 Board of Directors recommends that you vote “ FOR” the Staffing 360 Merger Agreement adoption proposal and “ FOR” the Staffing 360 adjournment proposal. In considering the recommendations of the Staffing 360 Board of Directors, Staffing 360 stockholders should be aware that Staffing 360 directors and executive officers