Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 315

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 315
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 Plan, pursuant to which shares of the Company’s common stock will be reserved for issuance under stock, restricted stock and stock option awards. On May 30, 2018, our stockholders approved an amendment to the 2016 Plan to increase the total number of shares reserved for issuance under the 2016 Plan to shares of the Company’s common stock. As of December 30, 2023, we had issued shares and options to purchase shares of common stock pursuant to the 2016 Plan, leaving shares remaining under the 2016 Plan.

|                                  |     | Options |     | Weighted       
 Average        
 Exercise Price |          |
|:---------------------------------|:----|--------:|:----|:---------------|---------:|
| Outstanding at January 1, 2022   |     |   1,302 |     | $              | 1,665.60 |
| Granted                          |     |  50,000 |     |                |     7.80 |
| Exercised                        |     |       — |     |                |        — |
| Expired or cancelled             |     |       — |     |                |        — |
| Outstanding at December 31, 2022 |     |  51,302 |     |                |    50.06 |
| Granted                          |     |       — |     |                |        — |
| Exercised                        |     |       — |     |                |        — |
| Expired or cancelled             |     |       — |     |                |        — |
| Balance at December 30, 2023     |     |  51,302 |     | $              |    50.06 |

During Fiscal 2023 and Fiscal 2022, the Company recorded total share-based payment expense of $ and $, respectively, in connection with all options outstanding.

The total future compensation cost related to options not yet amortized is $ at fiscal 2023. The Company will recognize this charge over approximately years.

2019 Long-Term Incentive Plan

In January 2019, the Company’s Board approved the 2019 Long-Term Incentive Plan (the “2019 LTIP”).

The Board granted units to adequately motivate the participants and drive performance for the period.

F-34

STAFFING 360 SOLUTIONS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FISCAL