Company: ATLN
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001605888-25-000006
Chunk: 108

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 108
---
 income taxes(130,100,788)(21,180,291)Income tax (expense)/benefit(5,379,102)5,928,271 Net loss$(135,479,890)$(15,252,020)Net loss per share, basic and diluted$(3.68)$(0.60)Weighted-average shares outstanding, basic and diluted36,783,626 25,423,729 

The accompanying notes are an integral part of these consolidated financial statements.

39

ATLANTIC INTERNATIONAL CORP AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)

Mezzanine CapitalMembers’ Capital (Deficit)Stockholders’ Equity (Deficit)Non-Redeemable InterestsCommon StockRedeemableInterestsTotalMezzanineCapitalContributedCapitalAccumulated(Deficit)Total Members’(Deficit)SharesAmountAdditionalPaid  inCapitalAccumulatedDeficitTotalStockholders’Equity(Deficit)Balance - December 31, 2022 $10,165,000 $10,165,000 $9,084,599 $(46,552,096)$(37,467,497)- $- $19,249,599 $(46,552,096)$(27,302,497)Effect of recapitalization- - - - - 25,423,729 254 (254)- - Accretion to redemption value498,750 498,750 (498,750)- (498,750)- - - - - Net loss- - - (15,252,020)(15,252,020)- - - (15,252,020)(15,252,020)Capital contribution- - 3,200,464 - 3,200,464 - - 3,200,464 - 3,200,464 Balance - December 31, 2023 $10,663,750 $10,663,750 $11,786,313 $(61,804,116)$(50,017,803)25,423,729 $254 $22,449,809 $(61,804,116)$(39,354,053)Net loss- - -