Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 495

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 495
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 our analysis, we conducted independent research by researching several commercial databases to identify publicly traded firms and past transactions that we could use in our valuation of the Company. Market-Based Approach — Guideline Public Companies Guideline companies are companies that provide a reasonable basis for comparison to the relevant investment characteristics of a company being valued. Guideline companies are most often publicly traded companies, although they may be private, in the same or similar business as the subject of this valuation. Guideline companies are used as a basis to develop valuation conclusions with respect to a subject company under the presumption that a similar market exists for the subject company as exists for the guideline companies. Ideal guideline companies should be in the same business as the company being valued. However, if there is insufficient data to find perfect matches, it may be necessary to consider companies with an underlying similarity of relevant investment characteristics such as markets, products, growth, cyclical variability, and other salient factors.

| Value of Staffing 360 Solutions, Inc. Common Stock |

Annex B-13

We searched for publicly traded guideline companies in the Standard & Poor’s Capital IQ database. Capital IQ provides comprehensive data on public and private market transactions as well as comprehensive data on publicly traded companies from around the world. We researched guideline public companies by first identifying the industry in which the Company operates using the Standard Industrial Classification Code (SIC Codes) for the industry, 7360 — Personnel Supply Services. We further narrowed the list by discussing with management who they believed were their primary competitors in the industry. The tables below show the firms we identified as reasonable guideline companies and their market -basedtrading multiples. None of the selected companies reviewed is identical to the Company. However, the companies were selected, among other reasons, because they are publicly traded companies with operations and businesses that, for the purposes of our analysis, may be considered similar to the Company’s on business sector participation and form of operations. The analyses necessarily involve complex considerations and judgements concerning differences in financial and operational characteristics of the companies involved and other factors that could affect the companies differently than would affect the Company. All financial information comes from the Capital IQ database. -- Tables on Following Page --

| Value of Staffing 360 Solutions, Inc. Common Stock |

Annex B-14

Staffing 360 Solutions, Inc. Guideline Public Companies

| (In $millions, except per share value) |            | Capitalization |         |             |        |       |            |       |
|                                        | Rev Growth 
 YoY        |