Company: ATLN
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001605888-25-000031
Chunk: 23

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 4
Chunk 23
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’s secured debt holders, BMO and SPP, foreclosed on the IDC portion of the joint and several debt owed to BMO and SPP.   IDC’s shares of the Company were divided between BMO and SPP resulting in SPP owning 21,983,926  shares of the Company and BMO owning another 3,439,803.  These shares have not been transferred yet and the transfers are still pending at the company’s transfer agent. 

42

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None

Item 3. Defaults Upon Senior Securities.

None.