Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 200

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 200
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 at the same time as the Merger, whether or not they are in connection with the Merger, including, without limitation, the tax consequences to holders of options, warrants or similar rights to purchase shares of Staffing 360 common stock. 113 For purposes of this discussion, the term “U.S. holder” means a beneficial owner of Staffing 360 common stock that is, for U.S. federal income tax purposes: •an individual citizen or resident of the United States; •a corporation, or entity treated as a corporation for U.S. federal income tax purposes, created or organized under the laws of the United States, any state thereof or the District of Columbia; •a trust that (i) is subject to the primary supervision of a U.S. court and the control of one or more “United States persons” (within the meaning of Section 7701(a)(30) of the Code) or (ii) has a valid election in effect under applicable U.S. Treasury regulations to be treated as a United States person for U.S. federal income tax purposes; or •an estate, the income of which is subject to U.S. federal income tax regardless of its source. If an entity or arrangement treated as a partnership for U.S. federal income tax purposes holds Staffing 360 common stock, the tax treatment of a partner in such partnership generally will depend on the status of the partner and the activities of the partnership. Any entity or arrangement treated as a partnership for U.S. federal income tax purposes that holds Staffing 360 common stock and any partners in such partnership should consult their tax advisors regarding the tax consequences of the Merger to them. THE FOLLOWING DISCUSSION DOES NOT PURPORT TO BE A COMPLETE ANALYSIS OR DISCUSSION OF ALL OF THE POTENTIAL TAX CONSEQUENCES OF THE MERGER. ALL HOLDERS OF STAFFING 360 COMMON STOCK SHOULD CONSULT THEIR TAX ADVISORS AS TO THE PARTICULAR TAX CONSEQUENCES TO THEM OF THE MERGER, INCLUDING THE APPLICABILITY AND EFFECT OF ANY U.S. FEDERAL, STATE, LOCAL, NON -U.S. INCOME AND OTHER TAX LAWS. U.S. Federal Income Tax Consequences of the Merger to U.S. Holders of Staffing 360 Common Stock For U.S. federal income tax purposes, the Merger is intended to qualify as a “reorganization” within the meaning of Section 368(a)(2)(E) of the Code. It is the opinion of Haynes and