Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 162

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 162
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 be satisfied on the closing date), which conditions are described below under “ The Merger Agreement — Conditions to the Completion of the Merger” beginning on page 103 of this proxy statement/prospectus. The date on which the closing actually takes place is referred to herein as the closing date. Subject to the satisfaction or waiver of the conditions to the closing of the Merger, including receipt of the required Staffing 360 stockholder approval, it is anticipated that the Merger will close on or before February 10, 2025. However, neither Atlantic International nor Staffing 360 can predict the actual date on which the Merger will be completed, or if the completion will occur at all, because completion is subject to conditions and factors outside the control of both companies. It is possible that factors outside the control of both companies could result in the Merger being completed at a different time, or not at all. 89 On the closing date, Staffing 360, the Merger Sub will, as applicable, file, with the Secretary of State of the State of Delaware as provided under the DGCL the Certificate of Merger relating to the Merger. The Merger will become effective at the time of the filing of the certificate of Merger with the Secretary of State of the State of Delaware or at such later time as may be designated jointly by Atlantic International and Staffing 360 and specified in the Certificate of Merger. Background of the Merger Atlantic International Overview Atlantic International has regularly evaluated capital raising opportunities along with potential strategic transactions. These assessments have included various transactions, including mergers, private placements, public offerings and reverse merger transactions as a means to enhance stockholder value and secure capital. Staffing 360 Overview Staffing 360 has regularly evaluated capital raising opportunities along with potential strategic transactions. These assessments have included various transactions, including mergers, private placements, public offerings and reverse merger transactions as a means to enhance stockholder value and secure capital. Background of the Merger Between Atlantic International and Staffing 360 The following chronology summarizes the key meetings and events that led to the signing of the Merger Agreement. The following chronology does not purport to catalogue every conversation among Staffing 360 Board of Directors, the Atlantic International Board of Directors, or respective committees thereof or the representatives of Staffing 360, Atlantic International and / or other parties. In August and September 2023, Staffing 360 Board of Directors was approached by interested parties to acquire certain operating assets of Staffing 360.