Company: ATLN
Filing Date: 2025-05-30
Form Type: DEFA14A
Source: 0001605888-25-000022
Chunk: 38

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-05-30
Form: DEFA14A
Chunk 38
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 date of approval of stockholders, after which time no awards may be granted under the Incentive Plan.

Amendment and Termination

Our board of directors and the plan administrator may each amend, suspend, or terminate the Incentive Plan and the plan administrator may amend or cancel outstanding awards, but no such action may materially and adversely affect rights under an award without the holder’s consent. Certain amendments to the Incentive Plan will require the approval of our stockholders. Generally, without stockholder approval, (i) no amendment or modification of the Incentive Plan may reduce the exercise price of any stock option or stock appreciation right, (ii) the plan administrator may not cancel any outstanding stock option or stock appreciation right where the fair market value of the common stock underlying such stock option or stock appreciation right is less than its exercise price and replace it with a new option or stock appreciation right, another award or cash and (iii) the plan administrator may not take any other action that is considered a “repricing” for purposes of the stockholder approval rules of the applicable securities exchange.

### APPROVAL REQUIRED AND RECOMMENDATION
The affirmative vote of the holders of record of a majority in voting interest of the shares of stock entitled to vote of this Proposal 5 at the Annual Meeting, present in person or by proxy is required for approval of this Proposal.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE ADOPTION OF THE COMPANY’S 2025 EQUITY INCENTIVE PLAN.

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#### PROPOSAL 6

### APPROVAL TO INCREASE THE NUMBER OF AUTHORIZED SHARES

### OF COMMON STOCK AND CHANGE IN PAR VALUE
Pursuant to the Delaware General Corporation Law (“DGCL”) our Board of Directors approved, and is proposing that the stockholders approve and adopt the following amendment in Article IV.A of the Amended and Restated Certificate of Incorporation. The Certificate of Incorporation currently reads as follows:

Classes of Stock and Authorized Shares . The Corporation is authorized to issue two classes of stock to be designated, respectively, Common Stock, par value $0.00001 per share (the “Common Stock”), and Preferred Stock, par value $0.00001 per share (the “Preferred Stock”). The total number of shares which the Corporation is authorized to issue is One Hundred million (100,000,000) shares, of which Eighty Million (80,000,000) shares shall