Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 485

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 485
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   | TEC, The Employment Company            | HireQuest, Inc. (NasdaqCM:HQI) |        $9.8 | 0.29x             | N/A   |
| 3/14/2022    | Volt Information Sciences, Inc.        | American Cybersystems, Inc.    |      $231.8 | 0.20x             | 6.93x |
| 6/2/2020     | RCM Technologies, Inc. (NasdaqGM:RCMT) | N/A                            |        $1.3 | 0.28x             | 5.62x |
| 7/31/2019    | Staffline Group plc                    | HtnetGroup Limited             |       $25.7 | 0.19x             | 7.65x |
| 8/28/2018    | Key Resources Inc.                     | Monroe Staffing Services LLC   |       $12.2 | 0.35x             | N/A   |

| Maximum         |     | $231.8 | 0.35x | 7.7x |
| 75th Percentile |     |  $25.7 | 0.29x | 7.3x |
| Mean            |     |  $56.2 | 0.26x | 6.7x |
| Median          |     |  $12.2 | 0.28x | 6.9x |
| 25th Percentile |     |   $9.8 | 0.20x | 6.3x |
| Minimum         |     |   $1.3 | 0.19x | 5.6x |

Sources: S&P Capital IQ Indicated Value Calculation To obtain fully -dilutedshare price estimates of Company Common Stock using the guideline M&A transactions, we applied the implied multiple of revenue to the Company’s last twelve months’(LTM) revenue. Implied forward multiples are not available from guideline M&A transactions and value estimates based upon the Company’s LTM EBITDA were negative. Therefore we were able to obtain estimates of the fully -dilutedshare price of Parent Common Stock by applying a multiple to the Company’s LTM revenue. Based on our analysis, plausible fully -dilutedshare price estimates range from effectively zero to a $8.21. We selected the value estimates we deemed