Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 290

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 290
---
 the charge recognized by the Staffing UKreporting unit. To estimate the fair value of the reporting units the Company employed a combination of market approach (valuations using comparable company multiples) and income approach (discounted cash flow analysis) to derive the fair value of the reporting unit when performing its annual impairment testing. Volatility in the Company’s stock price can result in the net book value of our reporting unit approximating, or even temporarily exceeding market capitalization, however, the fair value of our reporting unit is not driven solely by the market price of our stock. As described above, fair value of our reporting unit is derived using a combination of an asset approach, an income approach and a market approach. These valuation techniques consider several other factors beyond our market capitalization, such as the estimated future cash flows of our reporting units, the discount rate used to present value such cash flows and the market multiples of comparable companies. Changes to input assumptions used in the analysis could result in materially different evaluations of goodwill impairment.

F-22

STAFFING 360 SOLUTIONS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FISCAL YEARS ENDED DECEMBER 30, 2023 AND DECEMBER 31, 2022 (All amounts in thousands) NOTE 8 — ACCOUNTS PAYABLE AND ACCRUED EXPENSES The following provides a breakdown of accounts payable and accrued expenses:

|                             |     |   | December 30, 
         2023 |     |   | December 31, 
         2022 |
|:----------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Accounts payable            |     | $ |        4,630 |     | $ |        4,147 |
| Accrued payroll and bonuses |     |   |        3,596 |     |   |        4,139 |
| Other accrued expenses      |     |   |        5,750 |     |   |        2,448 |
| Total                       |     | $ |       13,976 |     | $ |       10,734 |

The following is a breakdown of Accrued payroll taxes:

|                                    |     |   | December 30, 
         2023 |     |   | December 31, 
         2022 |
|:-----------------------------------|:----|:--|-------------:|:----|:--