Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 29

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 29
---
 the closing of the Merger, whether or not vested, will be assumed by Atlantic International, subject to certain terms contained in the Merger Agreement, and become an option to purchase a number of shares of the Atlantic International common stock equal to the number of shares of Staffing 360 common stock underlying such option multipliedby the Exchange Ratio, and the exercise price for each share of Atlantic International common stock underlying an assumed option to purchase Staffing 360 common stock will be equal to the exercise price per share of the option to purchase Staffing 360 common stock in effect immediately prior to the completion of the Merger dividedby the Exchange Ratio, rounded up to the nearest whole cent. Treatment of Staffing 360 Warrants At the effective time of the Merger, each outstanding warrant to purchase shares of common stock of Staffing 360 that has not been exercised prior to the closing of the Merger will be assumed by Atlantic International, subject to certain terms contained in the Merger Agreement, and become a warrant to purchase a number of shares of the Atlantic International common stock equal to the number of shares of Staffing 360 common stock underlying such warrant multipliedby the Exchange Ratio, and the exercise price for each share of Atlantic International common stock underlying an assumed warrant to purchase Staffing 360 common stock will be equal to the exercise price per share of the warrant to purchase Staffing 360 common stock in effect immediately prior to the completion of the Merger divided by the Exchange Ratio, rounded up to the nearest whole cent. Staffing 360’s Recommendation and Reasons for the Merger (Page 93) The Staffing 360 Board of Directors recommends that Staffing 360 stockholders vote “ FOR” the Merger Agreement Adoption Proposal, and, if presented, “ FOR” the Adjournment Proposal. In its determinations and in reaching its recommendations, the Staffing 360 Board of Directors consulted with Staffing 360 senior management and its outside legal and financial advisors, and considered a number of factors and a substantial amount of information. 3 For a description of the factors considered by the Staffing 360 Board of Directors in reaching this decision, including potentially negative factors against which the anticipated advantages and opportunities of the Merger were weighed, and additional information on the recommendation of the Staffing 360 Board of Directors, see the section titled “The Merger — Recommendation of the Staffing 360 Board of Directors; Staffing 360’s Reasons for the Merger” of this proxy statement / prospectus. Opinion of Cornerstone Val