Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 52

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 52
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 the announcement and pendency of the Merger divertedand will continue to cause disruptions in the businesses of Atlantic International and Staffing 360 by directing the attention of management of each of Atlantic International and Staffing 360 toward the completion of the Merger and, with respect to Staffing 360 and Atlantic International’s activities. Atlantic International and Staffing 360 have each diverted significant management resources in an effort to complete the Merger and are each subject to restrictions contained in the Merger Agreement on the conduct of their respective businesses in the period prior to the completion of the Merger. If the Merger is not completed, Atlantic International and Staffing 360 will have incurred significant costs, including the diversion of management resources, for which they will have received little or no benefit. The directors and executive officers of Staffing 360 have interests and arrangements that may be different from, or in addition to, those of Atlantic International and Staffing 360 stockholders generally. When considering the recommendations of the Staffing 360 Board of Directors with respect to the proposals described in this proxy statement/prospectus, stockholders should be aware that the directors and executive officers of Staffing 360 have interests in the Merger that are different from, or in addition to, those of Staffing 360 stockholders generally. These interests include, among others: •after the Merger, each of Brendan Flood and Alicia Barker with continue to be employed within their respective roles with Staffing 360; •pursuant to the Merger Agreement, Atlantic International and Staffing 360 have agreed to negotiate and agree to the terms of amended employment agreements with Brendan Flood and Alicia Barker, as President and Executive Vice President, respectively, prior to the filing with the SEC of the Registration Statement on Form S -4in connection with the Merger, with such terms including an issuance of 1,263,020 of Atlantic common stock to each of Brendan Flood and Alicia Barker, which includes a six -monthvesting period and a term of three years; and 16 •the continued indemnification of current directors and officers of Staffing 360 and the continuation of directors’ and officers’ liability insurance after the Merger. Staffing 360 stockholders should be aware of these interests when they consider the recommendation of the Staffing 360 board of directors that they adopt the Merger Agreement. Atlantic International or Staffing 360 may waive one or more of the closing conditions without re-soliciting stockholder approval. To the extent permitted by law, Atlantic International or