Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 170

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 170
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 entitled to receive such Merger Consideration pursuant to the Merger is fair, from a financial point of view, to such holders; •the historical and current information concerning Atlantic International’s business, including its financial performance and condition, operations, and management; •the competitive nature of the industry in which Staffing 360 operates; •the likelihood that the Merger would be consummated on a reasonably timely basis, including the likelihood that the Merger would receive all necessary approvals; 93 •the terms and conditions of the Merger Agreement, including without limitation the following: •the determination by Staffing 360 Board of Directors that the relative percentage ownership of Staffing 360 and Atlantic International stockholders is fair and based on the valuations of each company at the time of Staffing 360 Board of Directors’ approval of the Merger Agreement; •the expectation that the Merger will be treated as a reorganization for U.S. federal income tax purposes, with the result that in the Merger, Staffing 360’s stockholders, warrant holders and optionholders would generally not recognize taxable gain or loss for U.S. federal income tax purposes; •the structure of the Merger and the level of certainty as to the percentage of the total shares of common stock of the Atlantic International that current Staffing 360 and Atlantic International stockholders would own after the Merger; •the conclusion of Staffing 360 Board of Directors that Staffing 360’s remedies in the event of a breach or termination of the Merger Agreement by Atlantic International were sufficient to protect the interests of Staffing 360 and its stockholders; •the view that the parties’ representations, warranties and covenants, and the conditions to their respective obligations, are reasonable under the circumstances. In the course of its deliberations, Staffing 360’s board of directors also considered a variety of risks, uncertainties and other countervailing factors related to entering into the Merger Agreement and consummating the merger, including: •the time, effort and substantial costs involved in connection with entering into the Merger Agreement and consummating the Merger and the related disruptions to the operation of Staffing 360’s business and development activities, including the risk of diverting management’s attention from other strategic priorities to the Merger, and the risk that the operations of Staffing 360 would be disrupted by employee concerns or departures or by changes to or termination of Staffing 360’s relationships with its vendors, contractors, and other third parties; •the