Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 501

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 501
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, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind. “ Preferred Stock ” shall have the meaning set forth in Section 2. “ Securities Act ” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. “ Stated Value ” shall have the meaning set forth in Section 2. “ Trading Day ” means a day on which the principal Trading Market is open for business. “ Transfer Agent ” means Securities Transfer Corporation, the current transfer agent of the Corporation. Section 2 . Designation, Amount and Par Value . The series of preferred stock shall be designated as its Series I Preferred Stock (the “ Preferred Stock ”) and the number of shares so designated shall be 5,600,000 (which shall not be subject to increase without the written consent of all of the holders of the Preferred Stock (each, a “ Holder ” and collectively, the “ Holders ”)). Each share of Preferred Stock shall have a par value of $0.00001 per share and a stated value equal to $1.00 (the “ Stated Value ”). Section 3 . Reserved. Section 4 . Voting Rights . Except as otherwise provided herein or as otherwise required by law, the Preferred Stock shall have no voting rights. Section 5 . Liquidation . Upon any liquidation, dissolution or winding-up of the Corporation, whether voluntary or involuntary (a “ Liquidation ”), the holders of the Preferred Stock shall be entitled to receive, on a pari passu basis with any other series of stock in parity with the Preferred Stock, distributions out of the assets legally available for such distributions. In the event the assets of the Company are insufficient to pay the amounts owed to holders of Preferred Stock and any other parity stock upon liquidation, all available assets shall be paid ratably to the holders of Preferred Stock and any parity stock, on a pari passu basis in accordance with their respective liquidation preferences, and the holders of Common Stock and any other junior stock shall receive nothing. Section 6 . Automatic Exchange . On the Closing and the consummation of the transactions contemplated pursuant to the Merger Agreement, each share of Preferred Stock shall be exchanged pursuant to the terms and conditions set forth in the Merger Agreement without any further action required by each Holder. Annex D-2 Section 7 . Certain Adjustments . a) Calculations . All calculations under this Section 7 shall be made to