Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 111

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 111
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 contingent consideration arrangements expired on August 31, 2023, at which time amounts owed Lyneer to its former owners were computed and represent fixed amounts. Depreciation and Amortization Depreciation and amortization expense for the quarters ended September 30, 2024 and 2023 was $1,245,557 and $1,263,820, respectively, a decrease of $18,263 or 1.4%, a slight decrease on a year -overyear basis. Depreciation and amortization expense for the nine months ended September 30, 2024 and 2023 was $3,754,165 and $3,784,624, respectively, a decrease of $30,459 or 0.8%, which was essentially flat on a year -overyear basis. Loss on Debt Extinguishment Loss on debt extinguishment, for the three and nine months ended September 30, 2024 and 2023 were as follows:

|                             |     | Three Months Ended 
 September 30,      
 2024               |   |     | 2023 |   |     | Nine Months Ended 
 September 30,     
 2024              |           |     | 2023 |   |
|:----------------------------|:----|:-------------------|:--|:----|:-----|:--|:----|:------------------|----------:|:----|:-----|:--|
| Loss on debt extinguishment |     | $                  | — |     | $    | — |     | $                 | 1,213,379 |     | $    | — |

Loss on debt extinguishment during the nine months ended September 30, 2024 relates to the Seventh Amendment and Forbearance Agreement to the Revolver being treated as a debt extinguishment after the Company’s analysis of Accounting Standards Codification (“ASC”) Topic 470 — Debt. Advisory Fees Paid in the Merger Advisory fees paid in the merger for the three and nine months ended September 30, 2024 and 2023 were as follows:

|                                  |     | Three Months Ended 
 September 30,      
 2024               |   |     | 2023 |   |     | Nine Months Ended 
 September 30,     
 2024              |            |     | 2023 |   |
|:---------------------------------|:----|:-------------------|:--|:----|:-----|:--|