Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 358

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 358
---

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(All amounts in thousands, except share, per share and stated value per share)
(UNAUDITED) NOTE 8 — LEASES (cont.) As most of the Company’s leases do not provide an implicit rate, we use the Company’s incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. This methodology was deemed to yield a measurement of the ROU lease asset and associated lease liability that was appropriately stated in all material respects.

NOTE 9 —STOCKHOLDERS’ DEFICIT

| Shares issued to/for:       |     |     Number of 
 Common Shares 
        Issued |     | Fair Value 
 of Shares  
 Issued     |       |     | Fair Value at Issuance 
 (minimum and maximum   
 per share)             |      |     |   |      |
|:----------------------------|:----|--------------:|:----|:-----------|------:|:----|:-----------------------|-----:|:----|:--|-----:|
| Warrants Exercised          |     |       433,936 |     | $          | 3,602 |     | $                      | 8.30 |     | $ | 8.30 |
| Board and committee members |     |       127,000 |     |            |   545 |     | $                      | 0.28 |     | $ | 4.10 |
|                             |     |       560,936 |     | $          | 4,147 |     |                        |      |     |   |      |

| Shares issued to/for:       |     |     Number of 
 Common Shares 
        Issued |     | Fair Value 
 of Shares  
 Issued     |       |     | Fair Value at Issuance 
 (minimum and maximum   
 per share)             |       |     |   |       |
|:----------------------------|:----|--------------:|:----|:-----------|------:|:----|:-----------------------|------:|:----|:--|------:|
| Equity raise                |     |       188,452 |     | $          | 4,999 |     | $                      | 26.50 |     | $ | 26.50 |
| Employees                   |     |        17,731 |     |            |   531 |