Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 20

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 20
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 purposes upon the exchange of Staffing 360 common stock for Atlantic International common stock in the Merger. If the Merger does not so qualify, the exchange of Staffing 360 common stock for Atlantic International common stock in the Merger will be a taxable transaction for U.S. federal income tax purposes. See the section titled “ U.S. Federal Income Tax Consequences of the Merger” of this proxy statement/prospectus for a more complete description of certain U.S. federal income tax consequences of the Merger. Please consult your tax advisors as to the specific tax consequences to you of the Merger, including the consequences if the Merger does not qualify as a “reorganization.” Q: When is the Merger expected to be completed? A:Subject to the satisfaction or waiver of the closing conditions described under the section titled “ The Merger Agreement — Conditions to the Completion of the Merger” of this proxy statement/prospectus, including the adoption of the Merger Agreement by Staffing 360 stockholders, the Merger is expected to be completed on or before February10, 2025. However, neither Atlantic International nor Staffing 360 can predict the actual date on which the Merger will be completed, or if the Merger will be completed at all, because completion of the Merger is subject to conditions and factors outside the control of both companies. xi Q: What are the conditions to the completion of the Merger? A:The Merger is subject to a number of conditions to closing as specified in the Merger Agreement. These closing conditions include, among others: •the Parties shall have performed and complied in all material respects with all terms, covenants and conditions of the Merger Agreement to be complied with and performed by the parties at or before closing of the Merger; •there shall be no pending or threatened material third party actions seeking to obtain damages in connection with, or to restrain, prohibit, invalidate, set aside, in whole or in part, the consummation of the Merger Agreement or the transactions contemplated by the Merger Agreement, or which if successful could have a material adverse effect on any party, or any order providing for any of the foregoing; •Atlantic International shall have obtained approval of the Merger Agreement, the Merger and the transactions contemplated by the Merger Agreement by vote of the Atlantic International Board of Directors in accordance with the Delaware law, and Atlantic International’s governing documents; and •Staffing 360 shall have obtained approval of the Merger Agreement,