Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 163

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 163
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 the Effective Time, by virtue of the Merger and without any further action on the part of Atlantic International, Merger Sub, Staffing 360, or any stockholder of Staffing 360, each (i) share of Staffing 360 common stock, (ii) share of Series H Preferred Stock and (iii) share of Series I Preferred Stock that is issued and outstanding immediately prior to the Effective Time (other than Excluded Shares) will be cancelled and will cease to exist and will be converted automatically into the right to receive a number of validly issued, fully paid and non -assessableshares of Atlantic International common stock, par value of $0.00001 per share, equal to the Exchange Ratio of (i) 1.202, in the case of Staffing 360 common stock, (ii) 0.25, in the case of Series H Preferred Stock, and (iii) 1.00, in the case of Series I Preferred Stock (the “ Merger Consideration”). Fractional shares will be rounded to the nearest whole share. The market price of Atlantic International common stock has fluctuated since the date of the announcement of the Merger Agreement and may continue to fluctuate from the date of this proxy statement/prospectus to the date of the special meeting, the date the Merger is completed and thereafter. The market price of Atlantic International common stock, when received by Staffing 360 stockholders after the Merger is completed, could be greater than, less than or the same as the market price of Atlantic International common stock on the date of this proxy statement/prospectus or at the time of the special meeting. Accordingly, you should obtain current market quotations for Atlantic International common stock and Staffing 360 common stock before deciding how to vote with respect to any of the proposals described in this proxy statement/prospectus. Atlantic International common stock is listed on the Nasdaq Global Market under the symbol “ATLN” and Staffing 360 common stock is traded on the Nasdaq Capital Market under the symbol “STAF.” The treatment of Staffing 360 Series H Preferred Stock, Staffing 360 Series I Preferred Stock, Staffing 360 options and Staffing 360 warrants is described in the section titled“ The Merger Agreement — Effects of the Merger; Merger Consideration” of this proxy statement/prospectus. Completion and Effectiveness of the Merger The closing of the Merger is subject to the satisfaction or waiver of all of the conditions precedent