Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 378

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 378
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 corporation (“the “ Company ”). Each of Atlantic, Merger Sub and Company are hereinafter referred to as a “ Party ,” and collectively as the “ Parties .” RECITALS A. Company is engaged in the business of providing permanent, temporary and temporary-to-permanent placement services, managed service provider services and vendor management system services (the “ Business ”); B. The board of directors of the Company (the “ Company Board ”) has (i) determined that this Agreement and the Contemplated Transactions are fair and in the best interests of the Company and the Company Stockholders, (ii) approved and declared advisable this Agreement and the Contemplated Transactions, (iii) authorized and approved the execution, delivery and performance by the Company of this Agreement and the consummation of the Transactions upon the terms and subject to the conditions set forth herein and (iv) resolved, subject to the terms of this Agreement, to recommend the adoption of this Agreement by the Company Stockholders (the “ Company Board Recommendation ”); C. The Parties intend that upon the Closing, subject to the terms and conditions of this Agreement and in accordance with the Delaware General Corporation Law (the “ Delaware Law ”), Atlantic will cause Merger Sub to merge with and into the Company (the “ Merger ”), with the Company surviving the Merger as a wholly-owned subsidiary of Atlantic; and D. Upon completion of the Merger, each share of the issued and outstanding common stock of the Company (“ Company Common Stock ”) immediately prior to the Effective Time, other than Excluded Shares and Dissenting Shares, will be canceled and converted into the right to receive the Merger Consideration. AGREEMENTS NOW THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows: Article I Definitions 1.1 Definitions . Unless otherwise defined herein, certain capitalized terms used herein have the meanings set forth in Annex A attached hereto. 1.2 Accounting Principles . Unless otherwise specified herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder shall be made in accordance with GAAP. Article II The Merger 2.1 The Merger . (a) Surviving Entity and Effective Time . (i) As a result of the Merger, (a) the separate corporate existence of Merger Sub shall