Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 365

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 365
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 |
|:-------------------|:----|----------------:|:----|-------------:|:----|:---------------|-------:|
| $24.70 – $3,000.00 |     |          96,876 |     |         2.88 |     | $              | 240.77 |

Stock Options

|                                   |     | Options |   |     | Weighted       
 Average        
 Exercise Price |          |
|:----------------------------------|:----|--------:|:--|:----|:---------------|---------:|
| Outstanding at December 31, 2022  |     |   5,151 |   |     | $              |   500.60 |
| Granted                           |     |       — |   |     |                |        — |
| Exercised                         |     |       — |   |     |                |        — |
| Expired or cancelled              |     |       — |   |     |                |        — |
| Outstanding at December 30, 2023  |     |   5,151 |   |     |                |   500.06 |
| Granted                           |     |       — |   |     |                |        — |
| Exercised                         |     |       — |   |     |                |        — |
| Expired or cancelled              |     |     (33 | ) |     |                | 5,303.57 |
| Outstanding at September 28, 2024 |     |   5,118 |   |     | $              |   498.53 |

The Company recorded share-based payment expense of $, $, $ and $ for the three and nine month periods ended September 28, 2024 and September 30, 2023, respectively.

Limited Duration Stockholder Rights Agreement

On September 27, 2023, the board of directors (the “Board”) of the Company declared a dividend of one preferred share purchase right (a “Right”) for each outstanding share of common stock and. 03889 Rights for each outstanding share of Series H Preferred Stock (collectively with the common stock, the “Voting Stock”). The dividend was paid on October 21, 2023 to the stockholders of record at the close of business on October 21, 2023 (the “Record Date”). Each Right initially entitles the registered holder to purchase from the Company one one-thousandth of a share of Series