Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 504

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 504
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 and historical stock prices of both the Company and Parent, and we conducted independent analysis, using generally accepted valuation practices, to estimate a price for one fully-diluted share of Company and Parent Common Stock. We then used the current market prices and our estimated fully-diluted share prices for Company and Parent Common Stock to estimate the dollar value of the Merger Consideration and the implied premium the estimated Merger Consideration represents relative to various estimates of a fully-diluted share of Company Stock. Based on our analysis, the estimated premiums range from a low of roughly 201% to a high of roughly 813%. Based on our analysis of the data provided to us, in our professional opinion, the Merger Consideration in the contemplated Merger between Staffing 360 Solutions, Inc. and Atlantic International Corp. is fair, from a financial point of view, to the holders of the shares of Staffing 360 Solutions, Inc. Common Stock as of the date of this analysis.

| Summary and Opinion |

Annex B-30 A nnex C Conversion agreement and Waiver January [•], 2025 Reference is made to that certain Third Amended and Restated Note Purchase Agreement, dated as of October 27, 2022, among Staffing 360 Solutions, Inc. (the “ Company ”), the subsidiary guarantors party thereto (the “ Guarantors ”) and Jackson Investment Group, LLC, as the purchaser (“ Jackson ”) (as amended by that certain First Omnibus Amendment and Reaffirmation Agreement to the Note Documents, dated as of August 30, 2023, that certain Second Omnibus Amendment and Reaffirmation Agreement to the Note Documents, dated as of September 18, 2024 (the “ Second Omnibus Amendment ”), and as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “ Purchase Agreement ”), pursuant to which the Company issued to Jackson (i) that certain Third Amended and Restated 12% Senior Secured Note, dated as of October 27, 2022, as amended (the “ 2022 Jackson Note ”), and (ii) that certain 12% Senior Secured Promissory Note, dated as of August 30, 2023, as amended (the “2023 Jackson Note” and, together with the 2022 Jackson Note, the “ Jackson Notes ”). WITNESSETH WHEREAS, pursuant to the Second Omnibus