Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 28

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 28
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 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 equity holders after the Merger are 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 the Nasdaq Global Market under the symbol “ATLN” and Staffing 360 common stock is traded on the Nasdaq Capital Market under the symbol “STAF”. Treatment of Staffing 360 Series H Preferred Stock The Merger Consideration for the shares of Series H Preferred Stock are subject to a lock -upsuch that: (A) (i) all of the shares are subject to a lock up for the 6 months after closing of the Merger; (ii) 1,750,000shares of Atlantic common stock are subject to a lock -upfor the period starting on 6 months after closing of the Merger until 9 months after closing of the Merger; (iii) 875,000shares of Atlantic common stock are subject to a lock -upfor the period starting on 9 months after closing of the Merger until 12 months after closing of the Merger; and (iv) the lock -upshall terminate 12 months after closing of the Merger and (B) the lock -upshall not apply to the extent shares of Atlantic common stock must be sold to pay any taxes from such applicable holder. Treatment of Staffing 360 Series I Preferred Stock Pursuant to the First Amendment and further agreement between the applicable parties, Jackson shall enter into a lock -upagreement such that the Merger Consideration (as defined in the Merger Agreement) for all of the Series I Preferred Stock are subject to a lock up period for the one year after the closing of the Merger, provided, however, that 600,000shares of Merger Consideration shall be freely tradable following the closing of the Merger. Treatment of Staffing 360 Options At the effective time of the Merger, each outstanding option to purchase Staffing 360 common stock that is outstanding and has not been exercised prior to