Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 239

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 239
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 implementation of processes and controls to mitigate their effects on the combined company. Board Committees Effective upon the consummation of the merger, the combined company (i) will continue to have the following standing committees: an audit committee, a compensation committee and a nominating and corporate governance committee and (ii) will adopt amended written charters for each of these committees, which will comply with the applicable requirements Nasdaq. Copies of the charters for each committee will be available on the investor relations portion of the combined company’s website. The composition and function of each committee will comply with all applicable requirements of the Sarbanes -OxleyAct and all applicable SEC rules and regulations. Audit Committee The Atlantic International audit committee (the “audit committee”) following the Merger will consist of David Pfeffer, who is the chair of the committee, and Jeff Kurtz and David Solimine. The Atlantic International board of directors has determined that each of the members of our audit committee will satisfy the Nasdaq Marketplace Rules and SEC independence requirements. The functions of the audit committee include, among other things: •evaluating the performance, independence and qualifications of our independent auditors and determining whether to retain our existing independent auditors or engage new independent auditors; •reviewing and approving the engagement of our independent auditors to perform audit services and any permissible non -auditservices; •reviewing our annual and quarterly financial statements and reports, including the disclosures contained under the caption “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and discussing the statements and reports with our independent auditors and management; •reviewing with our independent auditors and management significant issues that arise regarding accounting principles and financial statement presentation and matters concerning the scope, adequacy and effectiveness of our financial controls; •reviewing our major financial risk exposures, including the guidelines and policies to govern the process by which risk assessment and risk management is implemented; and •reviewing and evaluating on an annual basis the performance of the audit committee, including compliance of the audit committee with its charter. 151 The Atlantic International board of directors has determined that David Pfeffer qualifies as an “audit committee financial expert” within the meaning of applicable SEC regulations and meets the financial sophistication requirements of the Nasdaq Marketplace Rules. In making this determination, the Atlantic International board of directors has considered Mr. Pfeffer’s extensive financial experience and business background. Both of Atlantic International’s independent registered public accounting firm and management periodically meets privately with our audit committee. The audit committee operates under a written charter