Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 197

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 197
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ger and, in particular, does not address any tax consequences arising under the Medicare contribution tax on net investment income, the special tax accounting rules under Section 451(b) of the Code, the consequences that may arise under the Foreign Account Tax Compliance Act (including the U.S. Treasury regulations proposed or promulgated thereunder and any intergovernmental agreements entered into pursuant thereto or in connection therewith) or the alternative minimum tax, nor does it address any tax consequences arising under the laws of any state, local or non -U.S. jurisdiction, or under any U.S. federal laws other than those pertaining to the income tax (such as estate, gift or other non -incometax consequences). This discussion applies only to U.S. holders of Staffing 360 common stock who hold such shares as a capital asset within the meaning of Section 1221 of the Code (generally, property held for investment). Further, this discussion does not purport to address all aspects of U.S. federal income taxation that may be relevant to U.S. holders of Staffing 360 common stock in light of their particular circumstances and does not apply to U.S. holders of Staffing 360 common stock subject to special treatment under the U.S. federal income tax laws including, without limitation: •banks or other financial institutions; •partnerships, S corporations and other pass -throughentities (and investors in partnerships, S corporations and other pass -throughentities); •insurance companies; •tax -exemptorganizations or governmental organizations; •dealers or brokers in securities or currencies; •traders in securities that elect to use a mark -to -marketmethod of accounting; •persons that actually or constructively owned at least five percent of Staffing 360 common stock (by vote or value); •regulated investment companies; •real estate investment trusts; •tax -qualifiedretirement plans; •persons that hold Staffing 360 common stock as part of a straddle, hedge, constructive sale or conversion transaction; •individuals who are U.S. expatriates and former citizens or long -termresidents of the United States; •holders who acquired their shares of Staffing 360 common stock through the exercise of an employee stock option, in connection with a restricted stock unit or otherwise as compensation; and •persons that have a “functional currency” other than the U.S. dollar. The following discussion does not address the tax consequences of any transactions effectuated before, after or at the same time as the Merger