Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 224

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 224
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, as well as 1,263,020 shares of Atlantic International common stock issuable under his amended employment contract. (7)Includes 5,145shares issuable upon exchange of 4,280shares of Staffing 360, as well as 1,263,020 shares of Atlantic International common stock issuable under her amended employment contract. (8)These shares were issued to IDC upon consummation of the Lyneer Merger as merger consideration. These shares are subject to a pledge agreement entered into with the lender under the Term Note. IDC is in default under the Term Note. The lenders under the Term Note are able to foreclose upon IDC’s equity interest in our company, which would result in a change in control of our company. (9)Includes 37,391 of common stock owned and outstanding warrants to purchase up to 3,942shares of common stock issuable upon the exercise of certain warrants issued to Jackson and exercisable within 60 days of this proxy statement/prospectus. Additionally includes 5,600,000shares of Atlantic International common stock will be issued to Jackson Investment Group. LLC, or its designees (“Jackson”) upon the completion of the Merger pursuant to the terms and conditions of a Conversion Agreement and Waiver (the “Conversion Agreement”). Under the Conversion Agreement Jackson will convert approximately $10.1million of indebtedness and waive all accrued interest into 5,600,000shares of Series I Preferred Stock of Staffing 360 exchangeable for 5,600,000shares of Atlantic International Common Stock pursuant to the terms of the Merger Agreement, however excludes any Pro Rata Shares that may be issued. (10)These shares shall be issued upon the completion of the Merger pursuant to the terms and condition of Series H Preferred Stock of Staffing 360. (11)Mr.Bressman serves as a Strategic Advisor to Atlantic International pursuant to a Consulting Agreement dated as of June 18, 2024, with SAB Management LLC, of which Mr. Bressman is Manager. (12)These shares were issued to Pequod Consulting LLC (“Pequod”) pursuant to a Consulting Agreement dated June 17, 2024 with Atlantic International. 142

CERTAIN BENEFICIAL OWNERS OF STAFFING 360 COMMON STOCK To Staffing 360’s knowledge, the following table sets forth certain information regarding the beneficial ownership of Staffing 360 common stock as of the Record Date, and with respect to: •each