Company: ATLN
Filing Date: 2025-12-05
Form Type: S-3
Source: 0001213900-25-118830
Chunk: 40

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-12-05
Form: S-3
Chunk 40
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 $ |         |
| As-adjusted net tangible                                   
 book value per share after giving effect to the offering   |     | $ | [●]     |
| Dilution in net tangible book value per share              
 to new investors                                           |     | $ | [●]     |

In the event the offering is made at an assumed
price of $[●] per share, our net tangible book value on September 30, 2025 would have been approximately $[●] per share based
on an aggregate of [●] shares of Common Stock with dilution of $[●] per share to new investors.

The table above assumes for illustrative purposes
that an aggregate of [●] shares of our PREFERRED Stock are sold pursuant to this prospectus supplement at a price of $[●] per
share, for aggregate gross proceeds of $30,000,000. The shares sold in this offering, if any, will be sold from time to time at various
prices. An increase of $1.00 per share in the price at which the shares are sold from the assumed offering price to $[●] per share
assuming all of our Common Stock in the aggregate amount of $[●] are sold at that price, would result in an as adjusted net tangible
book value per share after the offering of $[●] per share and would increase the dilution in net tangible book value per share to
investors in this offering to [●] per share, after deducting sales agent commissions and estimated aggregate offering expenses payable
by us. A decrease of $1.00 per shares in the price at which the shares are sold from the assumed offering price to [●] per share,
would result in an as adjusted net tangible book value per share after the offering of [●] per share and would decrease the dilution
in net tangible book value per share to investors n this offering to [●] per share, after deducting sales agent commissions and estimate
aggregate offering expenses payable by us. This information is supplied for illustrative purposes only.

The per share data appearing above is based on 55,713,259 shares of
outstanding as of September 30, 2025, and excludes:

| · | An aggregate of 5,211,757 shares of Common Stock issuable        
 upon the vesting of restricted stock units (“RSUs”) outstanding; |

| · | An aggregate of 1,000,000 shares of Common Stock issuable 
 upon