Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 53

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 53
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 a greater or lesser value than at the time the Merger Agreement was signed. The Merger Agreement has set a fixed Exchange Ratio of (i) 1.202, in the case of Staffing 360 common stock, (ii) 0.25, in the case of Series H Preferred Stock, and (iii) 1.00, in the case of Series I Preferred Stock. Any changes in the market price of common stock before the completion of the Merger will not affect the number of shares Staffing 360 securityholders will be entitled to receive pursuant to the Merger Agreement. Therefore, if before the completion of the Merger, the market price of Atlantic International common stock declines from the market price on the date of the Merger Agreement, then Staffing 360 securityholders could receive Merger Consideration with substantially lower value. Similarly, if before the completion of the Merger, the market price of Atlantic International common stock increases from the market price on the date of the Merger Agreement, then Staffing 360 securityholders could receive Merger Consideration with substantially more value for their shares of Staffing 360 securities than the parties had negotiated for in the establishment of the Exchange Ratio. For a discussion of the Exchange Ratio, see the section titled “ The Merger Agreement — Exchange Ratio” in this proxy statement/prospectus. The analysis received by the Staffing 360 Board of Directors from Cornerstone Valuation has not been, and is not expected to be, updated to reflect changes in circumstances that may have occurred since the date of the analysis. Such analysis was one of many factors considered by the Staffing 360 Board of Directors in approving the Merger. The analysis does not speak as of the time the Merger will be completed or any date other than the date of such analysis. Subsequent changes in the operation and prospects of Staffing 360 or Atlantic International, general market and economic conditions and other factors that may be beyond the control of Staffing 360 or Atlantic International, may significantly alter the value of Staffing 360 or Atlantic International or the prices of the shares of Staffing 360 common stock and Atlantic International by the time the Merger is to be completed. The analysis does not address the fairness of the Merger Consideration from a financial point of view to Staffing 360 at the time the Merger is to be completed, or as of any other date other than the date of such analysis, and the Merger Agreement does not require that the analysis be updated,