Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 497

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 497
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.2 | 0.35x             | N/A   |

| Maximum         |     | $231.8 | 0.35x | 7.7x |
| 75th Percentile |     |  $25.7 | 0.29x | 7.3x |
| Mean            |     |  $56.2 | 0.26x | 6.7x |
| Median          |     |  $12.2 | 0.28x | 6.9x |
| 25th Percentile |     |   $9.8 | 0.20x | 6.3x |
| Minimum         |     |   $1.3 | 0.19x | 5.6x |

Sources: S&P Capital IQ Indicated Value Calculation To obtain fully -dilutedshare price estimates of Company Common Stock using the guideline M&A transactions, we applied the implied multiple of revenue to the Company’s last twelve months’(LTM) revenue. Implied forward multiples are not available from guideline M&A transactions and value estimates based upon the Company’s LTM EBITDA were negative. Therefore we were able to obtain estimates of the fully -dilutedshare price of Parent Common Stock by applying a multiple to the Company’s LTM revenue. Based on our analysis, plausible fully -dilutedshare price estimates range from effectively zero to a $8.21. We selected the value estimates we deemed reasonable. Staffing 360 – Guideline Precedent Transactions

| ($ in thousands, except per share value) |       Min |       25th 
 Percentile |  Median |       75th 
 Percentile |     Max |
| LTM Revenue Multiple Range               |     0.19x |      0.20x |   0.28x |      0.29x |   0.35x |
| LTM Revenue (Jun. 30, 24)                |   176,819 |    176,819 | 176,819 |    176,819 | 176,819 |
| Implied Enterprise Value:                |   $33,596 |    $35,010 | $49,686 |    $50,924 | $61,356 |
| Plus: Cash & Equivalents                 |       813 |        813 |     813 |        813 |     813 |
| Less: