Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 307

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 307
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 of directors.

|                                  |     | Restricted 
     Shares |   |     | Weighted  
 Average   
 Price     
 Per Share |       |
|:---------------------------------|:----|-----------:|:--|:----|:----------|------:|
| Outstanding at January 1, 2022   |     |      5,976 |   |     | $         | 50.00 |
| Granted                          |     |     63,000 |   |     |           |  3.20 |
| Vested/adjustments               |     |       (384 | ) |     |           | 88.80 |
| Outstanding at December 31, 2022 |     |     68,592 |   |     |           |  6.72 |
| Granted                          |     |    337,305 |   |     |           |  2.30 |
| Vested/adjustments               |     |   (177,689 | ) |     |           |  2.88 |
| Balance at December 30, 2023     |     |    228,208 |   |     | $         |  3.18 |

Series A Preferred Stock — Related Party On January 21, 2020, the Company converted the shares of Series A Preferred Stock awarded to Mr. Briand into 271shares of common stock. On January 8, 2021, the Company converted the shares awarded to Mr. Flood into 451shares of common stock. The Company has $125 and $125 of dividends payable to Series A Preferred Stockholders at the end of Fiscal 2023 and Fiscal 2022, respectively.

F-31 STAFFING 360 SOLUTIONS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FISCAL YEARS ENDED DECEMBER 30, 2023 AND DECEMBER 31, 2022 (All amounts in thousands) NOTE 13 — STOCKHOLDERS’ (DEFICIT) EQUITY (cont.) Warrants In connection with the private placement consummated in July 2022 (the “July 2022 Private Placement”), on July 7, 2022, the Company entered into warrant amendment agreements (the “Warrant Amendment Agreements”) with each of the nine existing participating investors, which amended warrants to purchase up to 657,858shares of common stock (prior to amendment,