Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 220

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 220
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 360 common stock at an exercise price of $58.40 per share and an expiration date of January1, 2028. February 2023 Offering On February7, 2023, Staffing 360 entered into a securities purchase agreement with the investors named therein for the offer and sale of certain securities in a public offering. In connection with the public offering, Staffing 360 issued to Wainwright or its designees as compensation in connection with the offering, warrants to purchase up to 14,136shares of Staffing 360 common stock at an exercise price of $33.165 per share and an expiration date of February7, 2028. Options At the effective time of the Merger, each outstanding option to purchase Staffing 360 common stock that is outstanding and has not been exercised prior to the closing of the Merger, whether or not vested, will be assumed by Atlantic International, subject to certain terms contained in the Merger Agreement, and become an option to purchase a number of shares of the Atlantic International common stock equal to the number of shares of Staffing 360 common stock 135 underlying such option multipliedby the Exchange Ratio, and the exercise price for each share of Atlantic International common stock underlying an assumed option to purchase Staffing 360 common stock will be equal to the exercise price per share of the option to purchase Staffing 360 common stock in effect immediately prior to the completion of the Merger dividedby the Exchange Ratio, rounded up to the nearest whole cent. Following the consummation of the merger, Atlantic International will have options to purchase up to 6,151shares of Atlantic International common stock in connection with outstanding Staffing 360 stock options to be assumed by Atlantic International at the effective time of the Merger. Anti-Takeover Effects of Provisions of the Atlantic International Certificate of Incorporation and the Atlantic International Bylaws Some provisions of Delaware law, the Atlantic International Charter and the Atlantic International Bylaws contain provisions that could make the following transactions more difficult: an acquisition of us by means of a tender offer; an acquisition of us by means of a proxy contest or otherwise; or the removal of our incumbent officers and directors. It is possible that these provisions could make it more difficult to accomplish or could deter transactions that stockholders may otherwise consider to be in their best interest or in our best interests, including transactions which provide for payment of a premium over the market price for our shares. These provisions, summarized below, are intended to discourage coercive takeover practices and inadequate takeover bids