Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 173

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 173
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 opinion, Cornerstone Valuation has not made nor assumed any responsibility for making any independent valuation or appraisal of the assets or liabilities of Staffing 360, nor have it been furnished with any such appraisals, nor have it evaluated the solvency or fair value of Staffing 360 under any state or federal laws relating to bankruptcy, insolvency or similar matters. The fairness opinion is based upon information made available to Cornerstone Valuation as of the date thereof and financial, economic, market and other conditions as they exist and as can be evaluated on the date thereof. Cornerstone Valuation does not have any obligation to update, revise or reaffirm this opinion for any subsequent developments. 95 The full text of the fairness opinion of Cornerstone Valuations, sets forth the assumptions made, procedures followed, matters considered and qualifications and limitations on the review undertaken by Cornerstone Valuations in connection with its opinion. The Cornerstone Valuations opinion is attached as Annex B to this proxy statement/prospectus. The summary of the Cornerstone Valuations opinion set forth in this proxy statement/prospectus is qualified in its entirety by reference to the full text of the Cornerstone Valuations opinion. We urge you to read carefully the Cornerstone Valuations opinion, together with the summary thereof in this proxy statement/prospectus, in its entirety. Interests of Atlantic International’s Directors and Executive Officers in the Merger In considering the recommendations of the Atlantic International Board of Directors with respect to approving the Merger, Staffing 360 stockholders should be aware that certain Atlantic International’s executive officers have interests in the Merger. Atlantic International’s Board of Directors was aware of these interests and considered them, among other matters, in approving and declaring advisable the Merger Agreement and the transactions contemplated by the Merger Agreement. •pursuant to the terms and conditions of an Executive Employment Agreement dated as of June18, 2024 by and between Atlantic International and Jeffrey Jagid, as Chief Executive Officer of Atlantic International., Mr. Jagid is entitled to receive a transaction bonus in the amount of $100,000 for a completed acquisition in excess of $8 million, including this Merger, in consideration for his assistance in closing such transaction. •pursuant to the terms and conditions of an Executive Employments dated as of June18, 2024 by and between Atlantic International and Christopher Broderick, as Chief Financial officer and Michael Tenore as General counsel, each of them is entitled to a transaction bonus of $75,000 upon the