Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 32

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 32
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 Recommendation of the Staffing 360 Board of Directors; Staffing 360’s Reasons for the Merger” of this proxy statement/prospectus. Opinion of Cornerstone Valuation, Staffing 360’s Financial Advisor (Page 95 and Annex B ) Staffing 360 has retained Cornerstone Valuation, LLC (“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 that, as of such date 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 the Staffing 360 stockholders entitled to receive such Merger Consideration pursuant to the Merger is fair, from a financial point of view, to such holders. The full text of the written opinion of Cornerstone Valuations, sets forth the assumptions made, procedures followed, matters considered and qualifications and limitations on the review undertaken by Cornerstone Valuations in connection with its opinion. The Cornerstone Valuations opinion is attached as Annex Bto this proxy statement/prospectus and is incorporated herein by reference. The summary of the Cornerstone Valuations opinion set forth in this proxy statement/prospectus is qualified in its entirety by reference to the full text of the Cornerstone Valuation opinion. We urge you to read carefully the Cornerstone Valuations opinion, together with the summary thereof in this proxy statement/prospectus, in its entirety. Cornerstone Valuations provided its opinion for the information and assistance of the Staffing 360 board of directors in connection with its consideration of the Merger Consideration. The Cornerstone Valuations opinion addressed solely the fairness, from a financial point of view, of the Merger Consideration to be received by the holders of shares of Staffing 360 common stock entitled to receive such Merger Consideration pursuant to the Merger and does not address any other aspect or implication of the Merger. The Cornerstone Valuations opinion was not a recommendation to the Staffing 360 board of directors as to how to vote in connection with the Merger Agreement and is not a recommendation to any Staffing 360 stockholder to take any action in connection with the Merger or any other matter. Interests of Atlantic International’s Directors and Executive Officers in the Merger In considering the recommendations of the Atlantic International Board of Directors with respect to approving the Merger, Staff