Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 189

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 189
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1,263,020 of Atlantic International common stock to each of Brendan Flood and Alicia Barker which includes a six -monthvesting period and a term of three years. The Proxy Statement / Prospectus Each of Staffing 360 and Atlantic International agreed to cooperate in connection with the preparation of and the filing of (i) a proxy statement for the purpose of soliciting proxies from Staffing 360 stockholders for the matters to be acted upon at the special meeting in favor of stockholder approval matters and a registration statement on Form S -4in connection with the distribution of Merger Consideration and all other documents to be filed by Staffing 360 and/or the Atlantic International with the SEC in connection with the Merger and other transactions contemplated by the Merger Agreement. Certain Pre-Closing Covenants of Staffing 360 Negative Covenants From and after the date of the Merger Agreement until the earlier of (i) the closing of the Merger or (ii) the termination of the Merger Agreement in accordance with its terms, Atlantic International agreed, except as expressly contemplated by the Merger Agreement or any ancillary document, as required by applicable law, or as expressly consented to in writing by Atlantic International (it being agreed that any request for a consent shall not be unreasonably withheld, conditioned or delayed), and provided that in no event shall Staffing 360’s compliance with the following constitute a breach of the Merger Agreement, Staffing 360 agreed to: (a)(i) operate its business in the ordinary course in all material respects and (ii) use commercially reasonable efforts to maintain and preserve intact its business organization, assets, properties and material business relations; and (b)not to: (i)enter into, amend, modify, waive any material benefit or right under or terminate any material contract, subject to certain exceptions, and other than ordinary course of business and not material in amount, either individually or in the aggregate; (ii)amend, supplement, restate or modify its governing documents, or otherwise alter their corporate structure through merger, liquidation, reorganization, restructuring or otherwise; (iii)sell, transfer, pledge, dispose of or encumber any assets or properties, other than (i) dispositions of inventory and supplies in the ordinary course of business and not material in amount, either individually or in the aggregate, or (ii) pursuant to an existing contract; 107 (iv)sell, transfer, lease, license, sublicense, mortgage, pledge, dispose of