Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 188

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 188
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italization, purchase or issuance of equity securities, tender offer or otherwise), or (b) any material equity or similar investment in Staffing 360. Staffing 360 agreed to (i) notify Atlantic International promptly upon receipt of any Company Acquisition Proposal by Staffing 360, describing the terms and conditions of any such Company Acquisition Proposal in reasonable detail (including the identity of the persons making such Company Acquisition Proposal, and (ii) keep Atlantic International fully informed on a current basis of any modifications to such offer or information. Staffing 360 Special Meeting At or prior to the closing of the Merger, Staffing 360 agreed to conduct a special meeting of its stockholders to obtain requisite vote, consent or approval of the execution, delivery and performance of the Merger Agreement and each of the ancillary documents to which Staffing 360 is or is required to be a party or bound, and the consummation of the transactions contemplated by the Merger Agreement, including the Merger. If on the date for which the special meeting is scheduled, Staffing 360 has not received proxies representing a sufficient number of shares to obtain the required stockholder approval, whether or not a quorum is present, Staffing 360 may make one or more successive postponements or adjournments of the special meeting. 106 Covenants; Conduct of Business Pending the Merger In addition to other obligations contained in the Merger Agreement, each of Staffing 360 and Atlantic International have agreed to the following covenants: Mutual Covenants Reasonable Efforts Each of Staffing 360 and Atlantic International agreed to use all reasonable efforts to take, or cause to be taken, all actions as are to be taken by each of them, respectively, or cause to be done all things reasonably necessary or advisable to consummate and make effective as promptly as reasonably practicable the transactions contemplated by Merger Agreement, including using reasonable best efforts to obtain, file with or deliver to, as applicable, any consents of any governmental authorities necessary, proper or advisable to consummate the transactions contemplated by the Merger Agreement or the ancillary documents. Amended Employment Agreements Atlantic International and Staffing 360 agreed to negotiate and agree to the terms of amended employment agreements with Brendan Flood and Alicia Barker, as President and Executive Vice President, of Staffing 360, following the consummation of the Merger, respectively, prior to the filing with the SEC of the registration statement on Form S -4, with such terms including an issuance of