Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 373

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 373
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 $ 2million plus interest across the following dates and amounts: $ 115on May 1, 2024, $ 114, on June 1, 2024, $ 114on September 30, 2024, $ 113on August 1, 2024, $ 112on September 1, 2024, and a final payment of $ 1,511on October 1, 2024. There is a five -daycure period for each payment and there is a Confession of Judgement in favor of the defendant for the full amount of the original Earnout plus interest, in the event of non -compliance. On October 9, 2024, the Company entered into Amendment No. 1 to the Settlement and Release Agreement to pay $ 1,500plus interest. The Company agreed to make payments on the following dates and in the following amounts: $ 511on October 9, 2024, $ 107on November 1, 2024, $ 107on December 1, 2024, $ 106on January 1, 2025, and a final payment of $ 705on February 1, 2025. As of the date of this filing, we are not aware of any other material legal proceedings to which we or any of our subsidiaries is a party or to which any of our property is subject, other than as disclosed above.

NOTE 11 —SEGMENT INFORMATION

|                                                                                 |     | Three Months Ended | September 28, 
          2024 |   |     |   | September 30, 
          2023 |   |     | Nine Months Ended | September 28, 
          2024 |   |     |   | September 30, 
          2023 |   |
|:--------------------------------------------------------------------------------|:----|:-------------------|--------------:|:--|:----|:--|--------------:|:--|:----|:------------------|--------------:|:--|:----|:--|--------------:|:--|
| Commercial Staffing – US                                                        |     | $                  |        19,172 |   |     | $ |        23,714 |   |     | $                 |        58,970 |   |     | $ |        71,106 |   |
| Professional Staffing – US                                                      |     |                    |        26,926 |   |