Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 51

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 51
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360 from taking specified actions without the consent of the other party; and 15 •requires each of the parties to use reasonable efforts to take, or cause to be taken, all actions as are to be taken by each of them, respectively, or cause to be done all things reasonably necessary or advisable to consummate and make effective as promptly as reasonably practicable the transactions contemplated by the Merger Agreement. These restrictions may prevent Atlantic International or Staffing 360 from making certain changes to their respective businesses or organizational structures or from pursuing attractive business opportunities that may arise prior to the completion of the Merger, and could have the effect of delaying or preventing other strategic transactions. Adverse effects arising from the pendency of the Merger could be exacerbated by any delays in consummation of the Merger or termination of the Merger Agreement. See the section titled “ The Merger Agreement — Conduct of Business Prior to the Effective Time” of this proxy statement/prospectus. The Merger, and uncertainty regarding the Merger, may cause current or future employees, consultants, vendors or strategic partners to delay or defer decisions concerning Atlantic International and Staffing 360 and adversely affect each company’s ability to effectively manage their respective businesses. The Merger will happen only if the stated conditions are met, including the relevant stockholder approvals, among other conditions. Many of the conditions are outside the control of Atlantic International and Staffing 360, and both parties also have certain rights to terminate the Merger Agreement. Accordingly, there may be uncertainty regarding the completion of the Merger. This uncertainty may cause current or future employees, consultants, vendors, strategic partners or others that deal with Atlantic International or Staffing 360 to delay or defer entering into contracts with Atlantic International or Staffing 360 or making other decisions concerning Atlantic International or Staffing 360 or could cause such persons or others to seek to change or cancel existing business relationships with Atlantic International or Staffing 360, which could negatively affect their respective businesses. Any delay or deferral of those decisions or changes in existing agreements could have an adverse impact on the respective businesses of Atlantic International and Staffing 360, regardless of whether the Merger is ultimately completed. Whether or not the Merger is completed, the announcement and pendency of the Merger diverted and will continue to divert significant management resources to complete the Merger, which could have an adverse effect on Atlantic International’ and Staffing 360’s respective businesses, results of operations and/or market prices. Whether or not the Merger is completed,