Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 226

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 226
---
 1,975,773shares to be issued to Staffing 360 stockholders; 2,526,040sharesto be issued to Staffing 360 senior management, and an aggregate of 9,100,000shares of common stock to be issued to lenders of Staffing 360. Does not include (i) an aggregate of an aggregate of 116,264shares of Atlantic common stock issuable upon the exercise of certain outstanding warrants of Staffing 360 to be assumed by Atlantic International at the effective time of the Merger to become warrants to purchase shares of Atlantic International common stock, (ii) an aggregate of 6,151shares of Atlantic International common stock issuable upon the exercise of certain outstanding stock options of Staffing 360 to be assumed by Atlantic International at the effective time of the Merger to become stock options to purchase shares of Atlantic International common stock, and (iii) Pro Rata Shares, if any, to be issued to Jackson Investment Group, LLC. (2)As the Chief Executive Officer and sole shareholder of IDC, Mr. Gattani has the power to vote and dispose of the 25,423,729shares held by IDC. However, as per note (10) below, these shares are subject to foreclosure proceedings. Mr. Gattani holds 1,3000,000shares of common stock issued upon the issuance of RSUs. The address of Mr. Gattani is c/o IDC Technologies, Inc. (IDC), 920 Hillview Court, Suite 250, Milpitas, California 95035. (3)The address of this person is c/o Atlantic International Corp., 270 Sylvan Avenue, Suite 2230, Englewood Cliffs, New Jersey 07632. (4)Consists of 161,290 RSUs. The address of this person is c/o Atlantic International Corp., 270 Sylvan Avenue, Suite 2230, Englewood Cliffs, New Jersey 07632. (5)Includes (i) 500shares of common stock, (ii) 1,030shares of common stock issuable upon the exercise of currently exercisable stock options and (iii) 161,290 RSUs granted as directors fees that will vest on a monthly basis starting July 18, 2024. (6)Include 34,591shares issuable upon exchange of 28,778shares of Staffing 360, as well as 1,263,020 shares of