Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 516

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 516
---
1) or (2) above is to be settled by delivery of Parent Common Stock or such other securities, in cash or otherwise; (3) make any demand for or exercise any right with respect to, the registration of any Parent Common Stock or any security convertible into or exercisable or exchangeable for Parent Common Stock; (4) grant any proxies or powers of attorney with respect to any Securities, deposit any Securities into a voting trust or enter into a voting agreement or similar arrangement or commitment with respect to any Securities; or (5) publicly disclose the intention to do any of the foregoing (each of the foregoing restrictions, the “ Lock-Up Restrictions ”). The period during which the Lock-Up Restrictions apply to the applicable Securities shall be deemed the “ Lock-Up Period ” and shall be as follows: (A) all shares of Parent Common Stock shall be subject to the Lock-Up Restrictions for the six (6) months after Closing, after which, (B) 1,750,000 shares of Parent Common Stock shall be subject to the Lock-Up Period for the period starting on six (6) months after Closing until nine (9) months after Closing, with the remainder no longer subject to the Lock-Up Period, and after which, (C) 875,000 shares of Parent Common Stock shall be subject to the Lock-Up Restrictions for the period starting nine (9) months after Closing until twe lve (12) mont hs after Closing, with the remainder no longer subject to the Lock-Up Period, and after which, (D) the Lock-Up Restrictions shall terminate twelve (12) months after Closing, and (E) the Lock-Up Restrictions shall not apply to the extent shares of Parent Common Stock must be sold to pay any taxes from such applicable holder. The undersigned agrees that the Lock-Up Restrictions preclude the undersigned from engaging in any hedging or other transaction with respect to any then-subject Securities which is designed to or which reasonably could be expected to lead to or result in a sale or disposition of such Securities even if such Securities would be disposed of by someone other than the undersigned. Such prohibited hedging or other transactions would include without limitation any short sale or any purchase, sale or grant of any right (including without limitation any put or call option) with respect to such Securities or with respect to any security that includes, relates to, or derives any significant part of its value from such Securities. Notwithstanding the foregoing, the undersigned may transfer any of the Securities (i) as a bona fide