Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 182

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 182
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 but rather as a way of allocating the risk to one of the parties if those statements prove to be incorrect. The representations and warranties may also be subject to a contractual standard of materiality or material adverse effect different from those generally applicable to stockholders and reports and documents filed with the SEC and in some cases may be qualified by disclosures made by one party to the other, which are not necessarily reflected in the Merger Agreement. In addition, certain representations and warranties were made as of a specified date and may be subject to contractual standards of materiality different from those generally applicable to stockholders. For the foregoing reasons, the representations and warranties should not be read alone or relied upon as characterizations of the actual state of facts or condition of Atlantic International, Staffing 360, Merger Sub, or any of their respective subsidiaries or affiliates. Instead, such provisions or descriptions should be read only in conjunction with the other information provided elsewhere in this proxy statement/prospectus. Form, Effective Time and Closing of Merger The Merger Agreement provides that, at the Effective Time of the Merger, Merger Sub, a wholly -ownedsubsidiary of Atlantic International, will merge with and into Staffing 360. Upon completion of the Merger, the separate corporate existence of Merger Sub will cease, and Staffing 360will continue as the surviving corporation and as a wholly -ownedsubsidiary of Atlantic International. The closing of the Merger is subject to the satisfaction or waiver of all of the conditions precedent to the completion of the Merger (other than conditions to be satisfied on the closing date), which conditions are described below under “— Conditions to the Completion of the Merger” beginning on page 103 of this proxy statement/prospectus, or on such other date as Atlantic International and Staffing 360 may mutually agree. At the closing, Atlantic International, Staffing 360 and Merger Sub will cause a certificate of merger to be filed with the Secretary of State of the State of Delaware. The Merger will become effective upon the acceptance of such certificate or at such later time as may be specified in such certificate of merger. Effects of Merger; Merger Consideration Treatment of Common Stock At the Effective Time, by virtue of the Merger and without any further action on the part of Atlantic International, Merger Sub, Staffing 360, or any stockholder of Staffing 360, each (i) share of Staffing 360 common stock, (ii) share of Series H Preferred Stock and (