Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 300

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 300
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 360 SOLUTIONS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FISCAL YEARS ENDED DECEMBER 30, 2023 AND DECEMBER 31, 2022
(All amounts in thousands) NOTE 10 — ACQUISITION (cont.)

| Current assets                |     | $ |  10,111 |   |
| Fixed assets                  |     |   |     150 |   |
| Other non-current assets      |     |   |   5,394 |   |
| Intangible assets             |     |   |   6,800 |   |
| Goodwill                      |     |   |   7,808 |   |
| Current liabilities           |     |   | (15,523 | ) |
| Other non-current liabilities |     |   |  (2,011 | ) |
| Consideration                 |     | $ |  12,729 |   |

In connection with the acquisition of Headway, the Company identified and recognized $ in intangible assets representing $ in customer relationships and $ for trade name. In addition, the Company recorded a total of $ in third party expenses associated with consummating the acquisition, which are included in selling, general and administrative expenses.

NOTE 11 —DEBT

|                                                       |     |   | December 30, 
         2023 |   |     |   | December 31, 
         2022 |   |
|:------------------------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Jackson Investment Group – related party              |     | $ |       10,116 |   |     | $ |        9,016 |   |
| Redeemable Series H Preferred Stock                   |     |   |        9,000 |   |     |   |        9,000 |   |
| Total Debt, Gross                                     |     |   |       19,116 |   |     |   |       18,016 |   |
| Less: Debt Discount and Deferred Financing Costs, Net |     |   |         (663 | ) |     |   |         (962 | ) |
| Total Debt, Net                                       |     |   |       18,453 |   |     |   |       17,054 |   |
| Less: Non-Current Portion – Related Party