Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 291

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 291
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|:--|:----|:------|--------:|:--|
|                          |     | Tradenames        |        |   |     | Non-Compete |        |   |     | Customer     
 Relationship |        |   |     | Total |         |   |
| Intangible assets, gross |     | $                 |  8,217 |   |     | $           |  2,134 |   |     | $            | 18,826 |   |     | $     |  29,177 |   |
| Accumulated amortization |     |                   | (4,315 | ) |     |             | (2,134 | ) |     |              | (9,889 | ) |     |       | (16,338 | ) |
| Intangible assets, net   |     | $                 |  3,902 |   |     | $           |      — |   |     | $            |  8,937 |   |     | $     |  12,839 |   |

On April 18, 2022, the Company entered into a Stock Purchase Agreement with Headway Workforce Solutions, pursuant to which, among other things, the Company agreed to purchase all of the issued and outstanding securities of Headway in exchange for (i) a cash payment of $, and (ii) shares of our Series H Preferred Stock, with a value equal to the Closing Payment, as defined in the Stock Purchase Agreement. On May 18, 2022, the Headway Acquisition closed.

| Fiscal year ended December 
 2024                       |     | Amount |  1,797 |
|:---------------------------|:----|:-------|-------:|
| 2025                       |     |        |  1,728 |
| 2026                       |     |        |  1,580 |
| 2027                       |     |        |  1,580 |
| 2028                       |     |        |  1,333 |
| Thereafter                 |     |        |  3,175 |
| Total                      |     | $      | 11,193 |

Amortization of intangible assets for the period ended Fiscal 2023 and Fiscal 2022 was $ and $, respectively. The weighted average useful life remaining of intangible assets remaining is .

F-21

STAFFING 360 SOLUTIONS, INC. AND SUBSIDI