Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 34

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 34
---
 continuation of directors’ and officers’ liability insurance after the Merger. For more information, see the sections titled “ The Merger — Interests of Staffing 360’s Directors and Executive Officers in the Merger” and “ The Merger — Background of the Merger” of this proxy statement/prospectus. Regulatory Approvals (Page 99) Atlantic International and Staffing 360 believe that the Merger does not raise substantial antitrust or other significant regulatory concerns and that both parties will be able to obtain all requisite regulatory approvals prior to the anticipated closing. Atlantic International and Staffing 360 must also comply with the applicable federal and state securities laws and the rules and regulations of The Nasdaq Stock Market LLC for the approval of the listing application to be submitted in connection with the Merger and the filing with the SEC of the registration statement of which this proxy statement/prospectus forms a part. For a more complete discussion of the regulatory approvals required in connection with the Merger, see the section titled “The Merger — Regulatory Approvals” of this proxy statement/prospectus. Governance and Ownership of Atlantic International After Completion of the Merger (Page 98 and Annex A ) The Merger Agreement, a copy of which is attached to this proxy statement/prospectus as Annex A, contains certain provisions relating to the governance of Atlantic International following completion of the Merger. Directors and Management of Atlantic International After Completion of the Merger The Merger Agreement provides that after Closing, Atlantic International will have the right to appoint the members of Staffing 360’s board of directors. There will be no change to the members of the Board of Directors of Atlantic International (“Atlantic International Board of Directors”) or executive officers of Atlantic International as a result of the Merger. Ownership of Atlantic International After Completion of the Merger As of the date of this proxy statement/prospectus, based on the number of shares of Staffing 360 and Atlantic International common stock outstanding as of January8, 2025, the Record Date, the holders of shares of Staffing 360 common stock as of immediately following the completion of the Merger would hold, in the aggregate, approximately 8% of the issued and outstanding shares of common stock of the combined company. Certain Beneficial Owners of Staffing 360 Common Stock (Page 143) At the close of business on the Record Date, directors and executive officers of Staffing 360 beneficially owned and were entitled to vote approximately 177,430shares of Staffing 360 common stock,