Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 192

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 192
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 Staffing 360; (xviii) enter into any contract with any broker, finder, investment banker or other person under which such person is or will be entitled to any brokerage fee, finders’ fee or other commission in connection with the transactions contemplated by the Merger Agreement; (xix) subject to previously disclosed payments, make any change of control payment; or (xx) authorize, recommend, propose, announce or enter into any agreement, contract, commitment or arrangement to do any of the foregoing. No Poison Pill Staffing 360 agreed to take any and all necessary action to ensure that, as of the Effective Time, there shall be no rights plan, rights agreement, “poison pill” or similar agreement or arrangement that is in force and applicable to Staffing 360 in connection with the Merger Agreement or the consummation of the Merger or any of the other ancillary documents. Certain Pre-Closing Covenants of Atlantic International Negative Covenants From and after the date of the Merger Agreement until the earlier of (i) the closing of the Merger or (ii) the termination of the Merger Agreement in accordance with its terms, Atlantic International agreed, except as expressly contemplated by the Merger Agreement or any ancillary document, as required by applicable law, under its credit facilities, or in connection with any secondary public offering, or as expressly consented to in writing by Atlantic International and Staffing 360 (it being agreed that any request for a consent shall not be unreasonably withheld, conditioned or delayed), to (i) operate its business in the ordinary course in all material respects and (ii) use commercially reasonable efforts to maintain and preserve intact the business organization, assets, properties and material business relations of Atlantic; providedthat in no event shall Atlantic International’s compliance with the foregoing constitute a breach of the Merger Agreement. Stock Exchange De-Listing In the event Staffing 360 securities are not de -listedfrom Nasdaq prior to the Effective Time, Atlantic International agreed to reasonably cooperate with Staffing 360 to accomplish the foregoing and agreed to use reasonable best efforts to take, or cause to be taken, all actions, and do or cause to be done all things, reasonably necessary, proper or advisable on its part under applicable law and rules and policies of Nasdaq to enable the delisting by Staffing 360 of the shares from Nasdaq and the deregistration of the shares under the Exchange Act promptly after the Effective Time. Atlantic Uplisting Atlantic agreed to cause its