Company: ATLN
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001605888-25-000006
Chunk: 109

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 109
---
- - - - - (135,479,890)(135,479,890)Capital contribution- - 1,033,969 - 1,033,969 - - 1,033,969 - 1,033,969 Effect of recapitalization- - - - - - - - - - Accretion to redemption value133,162 133,162 (133,162)- (133,162)- - - - - Redemption of redeemable interests(10,796,912)(10,796,912)10,796,912 - 10,796,912 - - - - - Effect from merger- - (23,484,032)61,804,116 38,320,084 - - (1,804,116)61,804,116 60,000,000 Stock based compensation- - - - - - - 45,202,329 - 45,202,329 Stock issued- - - - - 9,106,231 91 (91)- - Recapitalization of legacy company- - - - - 380,648 4 (1,703,193)- (1,703,189)Deemed contribution of debt deconsolidation from related party- - - - - - - 15,284,178 - 15,284,178 Advisory fees paid in merger- - - - - 18,220,338 182 42,999,818 - 43,000,000 Balance - December 31, 2024 $- $- $- $- $- 53,130,946 $531 $123,462,703 $(135,479,890)$(12,016,656)

The accompanying notes are an integral part of these consolidated financial statements.

40

ATLANTIC INTERNATIONAL CORP AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

Year Ended December 31,20242023Net loss$(135,479,890)$(15,252,020)Adjustments to reconcile net loss