Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 9

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 9
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es to this proxy statement/prospectus. Unless the context otherwise requires, references in this proxy statement/prospectus to “Atlantic International” refers to Atlantic International Corp., a Delaware corporation; “Merger Sub” refers to A36 Merger Sub, Inc., a Delaware corporation and a wholly -owned subsidiary of Atlantic International, and “Staffing 360” refers to Staffing 360 Solutions, Inc., a Delaware corporation. Q:Why am I receiving this proxy statement/prospectus? A:You are receiving this proxy statement/prospectus because on November 1, 2024, Atlantic International, Staffing 360, and the Merger Sub, entered into an Agreement and Plan of Merger (as amended by the First Amendment thereto, dated as of January7, 2025, and as it may be further amended from time to time, the “Merger Agreement”), for the acquisition of Staffing 360 by Atlantic International. Pursuant to the terms of the Merger Agreement, Atlantic International will cause Merger Sub to merge with and into Staffing 360 (the “Merger”), with Staffing 360 surviving the Merger as a wholly -ownedsubsidiary of Atlantic International. If the Merger is completed: (i)each holder of (i) outstanding shares of Staffing 360 common stock, (ii) outstanding shares of Series H Preferred Stock and (iii) outstanding shares of Series I Preferred Stock will be entitled to receive the number of shares of Atlantic International common stock equal to the number of such respective shares they hold multiplied by the exchange ratio of (i) 1.202, in the case of Staffing 360 common stock, (ii) 0.25, in the case of Series H Preferred Stock, and (iii) 1.00, in the case of Series I Preferred Stock (the “Exchange Ratio”), or an aggregate of approximately 11,075,773shares of Atlantic International common stock at closing using the Exchange Ratio; (ii)each outstanding option to purchase Staffing 360 common stock that is outstanding and has not been exercised prior to the closing of the Merger, whether or not vested, will be assumed by Atlantic International, subject to certain terms contained in the Merger Agreement, and become an option to purchase a number of shares of the Atlantic International common stock equal to the number of shares of Staffing 360 common stock underlying such option multipliedby the Exchange Ratio, and the exercise price for each share of Atlantic International common stock