Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 484

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 484
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valuation methods can take two general approaches. In the first approach, an analyst tries to identify firms similar to the subject company, i.e., comparable firms. Generally, these firms are publicly traded because with publicly traded firms there is a listed stock price that allows analysts to observe how the market values these comparable firms. Using this publicly available data, analysts can compute ratios based upon the financial statistics of the comparable firms and apply those ratios to the subject company to arrive at an estimate of the subject company’s value. Several commercial databases provide information for use in comparable firm analysis. In the second market -basedapproach, analysts examine past mergers and acquisitions (M&A) of companies similar to the subject company for which data is available. The transaction value of similar firms sets a market price that can be used to develop ratios in the same way as can be done using the stock price of publicly traded firms. Analysts can then apply the ratios from these M&A transactions to the subject company to calculate an estimate of value. In our analysis, we conducted independent research by researching several commercial databases to identify publicly traded firms and past transactions that we could use in our valuation of the Company. Market-Based Approach — Guideline Public Companies Guideline companies are companies that provide a reasonable basis for comparison to the relevant investment characteristics of a company being valued. Guideline companies are most often publicly traded companies, although they may be private, in the same or similar business as the subject of this valuation. Guideline companies are used as a basis to develop valuation conclusions with respect to a subject company under the presumption that a similar market exists for the subject company as exists for the guideline companies. Ideal guideline companies should be in the same business as the company being valued. However, if there is insufficient data to find perfect matches, it may be necessary to consider companies with an underlying similarity of relevant investment characteristics such as markets, products, growth, cyclical variability, and other salient factors.

| Value of Staffing 360 Solutions, Inc. Common Stock |

Annex B-13

We searched for publicly traded guideline companies in the Standard & Poor’s Capital IQ database. Capital IQ provides comprehensive data on public and private market transactions as well as comprehensive data on publicly traded companies from around the world. We researched guideline public companies by first identifying the industry in which the Company operates using the Standard Industrial Classification Code (SIC Codes) for the industry, 7360 — Personnel Supply Services. We further narrowed the list by discussing with management who they believed were their primary competitors in the industry.