Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 216

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 216
---
 holders of common stock are entitled to one vote for each share held of record on all matters submitted to a vote of the stockholders, have the exclusive right to vote for the election of directors and do not have cumulative voting rights. Except as otherwise required by law, holders of common stock are not entitled to vote on any amendment to the Certificate of Incorporation (including any certificate of designations relating to any series of preferred stock) that relates solely to the terms of any outstanding series of preferred stock if the holders of such affected series are entitled, either separately or together with the holders of one or more other such series, to vote thereon pursuant to the Atlantic International Charter (including any certificate of designations relating to any series of preferred stock) or pursuant to the DGCL. Liquidation Rights Subject to the rights of any holders of any outstanding shares or series of preferred stock, in the event of any liquidation, dissolution or winding up of our affairs, whether voluntary or involuntary, our funds and assets, to the extent they may be legally distributed to holders of Atlantic International common stock, shall be distributed among the holders of the then outstanding common stock pro rata in accordance with the number of shares of common stock held by each such holder. Other Rights and Preferences All outstanding shares of Atlantic International common stock are fully paid and non -assessable. The holders of Atlantic International common stock have no pre -emptiveor other subscription rights. Classification of the Board of Directors The Atlantic International Charter divides the Atlantic International board of directors into three classes, as nearly equal in number as possible, with staggered three -yearterms. Under the Atlantic International Charter and Atlantic International Bylaws, any vacancy on the Atlantic International board of directors, including a vacancy resulting from an enlargement of the Atlantic International board of directors, may be filled only by the affirmative vote of a majority of the Atlantic International directors then in office, even though less than a quorum of the board of directors. Stock Exchange Listing The Atlantic International common stock is listed on the Nasdaq Global Market under the symbol “ATLN.” In connection with the Merger, Atlantic International intends to submit a listing of additional shares for the Staffing 360shareholders on Nasdaq Global Market. 133 Warrants Legacy Atlantic International Warrants Atlantic International has outstanding warrants to purchase an aggregate of 95,777shares of its common stock, with a weighted average exercise price of $170.38 per share that were scheduled to expire between January 30, 2024 and August 26, 2026