Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 186

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 186
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 be no pending or threatened material third party actions seeking to obtain damages in connection with, or to restrain, prohibit, invalidate, set aside, in whole or in part, the consummation of the Merger Agreement or the transactions contemplated by the Merger Agreement, or which if successful could have a material adverse effect on any party, or any order providing for any of the foregoing; •Atlantic International shall have obtained approval of the Merger Agreement, the Merger and the transactions contemplated by the Merger Agreement by vote of the Atlantic International Board of Directors in accordance with the Delaware law, and Atlantic International’s governing documents; and •Staffing 360 shall have obtained approval of the Merger Agreement, the Merger and the transactions contemplated by the Merger Agreement by required vote of the Staffing 360 stockholders and Board of Directors in accordance with the Delaware law, and Staffing 360’s governing documents. The obligations of the Atlantic International to effect the Merger and consummate the other transactions contemplated by the Merger Agreement is subject to the satisfaction or waiver at or prior to closing of each of the following additional conditions: •At or prior to the closing of the Merger, Staffing 360 agreed to execute and/or deliver, or cause to be delivered to Atlantic International all of the following: •a Current Report on Form 8 -Kreflecting approval of the Staffing 360 stockholder at a special meeting of stockholders of the Merger Agreement and the transactions contemplated therein and in connection therewith; •written resignations of the members of the Staffing 360 Board of Directors, effective as of the closing of the Merger, executed by each such director; 103 •the Certificate of Merger, in the form attached as Exhibit A to the Merger Agreement, duly executed by an authorized officer of Staffing 360; •a certificate substantially in the form described in Treasury Regulations Section 1.1445 -2(c)(3), together with evidence that Staffing 360 has provided notice to the Internal Revenue Service in accordance with the provisions of Treasury Regulations Section 1.897 -2(h)(2), duly executed by Staffing 360; a signed agreement between the Internal Revenue Service and Staffing 360 concerning the terms of settlement mutually agreeable to Atlantic International; •a signed agreement between the Internal Revenue Service and Staffing 360 concerning the terms of settlement mutually agreeable to Atlantic International; •a signed settlement agreement with the appropriate Jackson Investment (“Jackson”) party converting Staffing 360’s indebted