Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 38

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 38
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us. 8 Material U.S. Federal Income Tax Consequences (Page 113) The Merger is intended to qualify as a “reorganization” within the meaning of Section 368(a) of the Code, but no assurance can be given that the Merger will so qualify, that the IRS will not challenge such qualification or that a court will not sustain such a challenge. While the closing of the Merger is not conditioned upon achieving, or receiving a ruling from the IRS or opinion of counsel with respect to, such qualification, Staffing 360 intends to obtain a tax opinion from its counsel, Haynes and Boone LLP. Assuming that the Merger qualifies as a “reorganization,” a U.S. holder (as defined in the section titled “ U.S. Federal Income Tax Consequences of the Merger”of this proxy statement/prospectus) of Staffing 360 common stock generally will not recognize any gain or loss for U.S. federal income tax purposes upon the exchange of Staffing 360 common stock for Atlantic International common stock in the Merger. If the Merger does not so qualify for any reason, the exchange of Staffing 360 common stock for Atlantic International common stock in the Merger will be a taxable transaction for U.S. federal income tax purposes. See the section titled “ U .S. Federal Income Tax Consequences of the Merger” of this proxy statement/prospectus for a more complete description of certain U.S. federal income tax consequences of the Merger. Please consult your tax advisors as to the specific tax consequences to you of the Merger, including the consequences if the Merger do not qualify as a “reorganization” for any reason. Comparison of Stockholders’ Rights (Page 122) Upon completion of the Merger, Staffing 360 stockholders receiving shares of Atlantic International common stock based on the Exchange Ratio will become Atlantic International stockholders, and their rights will be governed by the governing documents of Atlantic International in effect at the effective time of the Merger. Staffing 360 stockholders will have different rights once they become Atlantic International stockholders due to differences between the governing documents of Staffing 360 and the governing documents of Atlantic International, as described in more detail under the section titled “ Comparison of Stockholders’ Rights” of this proxy statement/prospectus. Listing of Atlantic International Common Stock; Delisting and Deregistration of Staffing 360 Common Stock (Page 100) Atlantic International common stock is traded on the Nasdaq Global Market under the