Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 48

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 48
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 documents and information included elsewhere in this proxy statement/prospectus or incorporated by reference into this proxy statement/prospectus and listed under the section titled “Where You Can Find More Information”of this proxy statement/prospectus. The shares of Atlantic International common stock to be received by Staffing 360 stockholders as a result of the Merger will have rights different from the shares of Staffing 360 common stock. Upon consummation of the Merger, the rights of Staffing 360 stockholders, who will become Atlantic International stockholders, will be governed by the governing corporate documents of Atlantic International in effect at the effective time, including Atlantic International’s Amended and Restated Certificate of Incorporation (“Atlantic International Charter”) and Atlantic International’s Amended and Restated Bylaws (the “Atlantic International Bylaws). Despite the fact that both companies are governed by the DGCL, the rights associated with Staffing 360 common stock are different from the rights which will be associated with Atlantic International common stock. See the section titled “Comparison of Stockholders’ Rights”of this proxy statement/prospectus for a discussion of these rights. After the Merger, Staffing 360 stockholders will have a significantly lower ownership and voting interest in Atlantic International than they currently have in Staffing 360 and will exercise less influence over management and policies of Atlantic International after completion of the Merger. After completion of the Merger, the current common stockholders of Staffing 360 (including Senior Management pursuant to the terms of the Merger Agreement) will own approximately 5.9% of Atlantic International common stock compared with their last ownership of 100% of Staffing 360 prior to the Merger. Consequently, former Staffing 360 stockholders will have far less influence over the management and policies of Atlantic International after completion of the Merger than they currently have over the management and policies of Staffing 360. Until the completion of the Merger or the termination of the Merger Agreement in accordance with its terms, Atlantic International and Staffing 360 are each prohibited from entering into certain transactions and taking certain actions that might otherwise be beneficial to Atlantic International or Staffing 360 and their respective stockholders. From and after the date of the Merger Agreement and prior to completion of the Merger, the Merger Agreement: •restricts Atlantic International and Staffing 360 from taking specified actions without the consent of the other party; and 15 •requires each of the parties to use reasonable efforts to take, or cause to