Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 297

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 297
---
   | December 31, 
         2022 |   |
|:------------------------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Jackson Investment Group – related party              |     | $ |       10,116 |   |     | $ |        9,016 |   |
| Redeemable Series H Preferred Stock                   |     |   |        9,000 |   |     |   |        9,000 |   |
| Total Debt, Gross                                     |     |   |       19,116 |   |     |   |       18,016 |   |
| Less: Debt Discount and Deferred Financing Costs, Net |     |   |         (663 | ) |     |   |         (962 | ) |
| Total Debt, Net                                       |     |   |       18,453 |   |     |   |       17,054 |   |
| Less: Non-Current Portion – Related Party             |     |   |            — |   |     |   |       (8,661 | ) |
| Less: Non-Current Portion                             |     |   |            — |   |     |   |       (8,393 | ) |
| Total Current Debt, Net                               |     | $ |       18,453 |   |     | $ |            — |   |

Jackson Notes The entire outstanding principal balance of the Second Amended and Restated Note Purchase Agreement was due and payable on September 30, 2022. On October 27, 2022, the Company entered into the Third Amended and Restated Note Purchase Agreement with Jackson, which amended and restated the Second Amended Note Purchase Agreement, dated October 26, 2020, as amended, and issued to Jackson the Jackson Note, with a remaining outstanding principal balance of approximately $9.0 million. In connection with the amendment and restatement, the Company paid Jackson an amendment fee of $39. The Company accounted for the Third Amended Note Purchase Agreement as a modification of the debt. Accordingly, fees totaling $39 paid to Jackson as well issuance of 100,000 common stock shares valued at $257, issuance of 24,332 five year warrants with a strike price of $3.06 expiring October 27, 2027 and the modification of 15,093 warrants from a strike price of $60.00 to $