Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 332

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 332
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 Operations                                 |     |                    |  (9,014 | )            |     |   | (12,109 | ) |

F-45

STAFFING 360 SOLUTIONS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FISCAL YEARS ENDED DECEMBER 30, 2023 AND DECEMBER 31, 2022
(All amounts in thousands) NOTE 19 — DISCONTINUED OPERATIONS (cont.)

The following table provides operating and investing cash flow information for our discontinued operations:

|                                    |     | Fiscal Years Ended | December 30, 
         2023 |     |   | December 31, 
         2022 |
|:-----------------------------------|:----|:-------------------|-------------:|:----|:--|-------------:|
| Operating Activities               |     |                    |              |     |   |              |
| Depreciation and amortization      |     | $                  |        1,358 |     | $ |        1,031 |
| Investing Activities               |     |                    |              |     |   |              |
| Purchase of property and equipment |     |                    |          298 |     |   |          581 |

NOTE 20 — SUBSEQUENT EVENTS Professional Staffing — UK On February 12, 2024 the ownership of Staffing 360 Solutions Limited, a UK Subsidiary, was transferred to IPE Ventures. Geographical Focus The Board of Directors is in the process of evaluating various options for leveraging the Company’s resources to focus its business interests domestically. Nasdaq Compliance Minimum Bid Price Requirement On July 17, 2023, the Company received a letter from the Listing Qualifications Staff (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock for the 30 consecutive business day period between June 1, 2023, through July 14, 2023, the Company did not meet the minimum bid price of $ 1.00per share required for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5550(a)(2). The letter also indicated that the Company will be provided with a compliance period of 180 calendar days, or until January 15, 2024 (the “Compliance Period”), in which to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(