Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 170

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 170
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 of, Atlantic International’s management and Atlantic International’s outside financial and legal advisors, and considered the factors overall to be favorable to, and to support, its determination to approve and adopt the Merger Agreement, the Merger and the transactions contemplated thereby and to recommend that Staffing 360’s stockholders approve and adopt the same. Opinion of Cornerstone Valuation, Staffing 360’s Financial Advisor Staffing 360 has retained Cornerstone Valuation (“Cornerstone Valuation”) as its financial advisor in connection with the Merger (including the delivery of the fairness opinion, defined below). On October 29, 2024, Cornerstone Valuations rendered a written opinion (the “fairness opinion”) that, as of the date thereof and based upon and subject to the various assumptions made, procedures followed, matters considered and qualifications and limitations set forth in such written opinion, the Merger Consideration to be received by Staffing 360 stockholders entitled to receive such Merger Consideration pursuant to the Merger Agreement is fair, from a financial point of view, to such holders. In connection with rendering its fairness opinion, Cornerstone Valuations has, among other things: (i)reviewed certain publicly available business and financial information relating to Staffing 360 and Atlantic International deemed to be relevant, including publicly available research analysts’ estimates; (ii)reviewed certain non -publichistorical financial statements and other nonpublic historical and operating data related to Staffing 360 and Atlantic International, provided to Cornerstone Valuation by the management of Staffing 360; (iii)reviewed certain non -publicprojected financial data relating to Staffing 360 and Atlantic International, prepared by Atlantic International and provided to Cornerstone Valuation by the management of Staffing 360; (iv)reviewed the reported prices and the historical trading activity of Staffing 360 and Atlantic International common stock; (v)compared the financial performance of Staffing 360 and its stock market trading multiples with those of other certain other publicly traded companies that Cornerstone Valuation deemed relevant; (vi)identified certain historical M&A transactions that Cornerstone Valuation deemed relevant for the purpose of obtaining implied pricing multiples; (vii) reviewed a draft of the Merger Agreement, provided by the management of the Company, on October 25, 2024; and (viii) performed analyses and examinations, consistent with generally accepted business valuation principles, as we deemed appropriate. In rendering its opinion, Cornerstone Valuation has not made nor assumed