Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 358

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 358
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 2023 Placement Agent Warrants”) to purchase up to 20,709shares of common stock. The September 2023 Placement Agent Warrants have substantially the same terms as the September 2023 Warrants, except that the September 2023 Placement Agent Warrants have an exercise price equal to $10.375 per share and are immediately exercisable on or after the Stockholder Approval Date (as defined in the September 2023 Warrants) until the five year anniversary of the Stockholder Approval Date. On September 8, 2024, the Company entered into a securities exchange agreement (the “Exchange Agreement”) with a certain institutional investor (the “Holder”) pursuant to which the Company agreed to issue an aggregate of (i) 101,190shares of common stock and (ii) a pre -fundedwarrant to purchase up to 411,630shares of common stock in exchange for a certain outstanding warrant held by the Holder to purchase up to 552,234shares of common stock at an exercise price\ of $8.30 per share (the “Exchange”). The Company has cancelled the warrant reacquired in the Exchange and such warrant will not be reissued. Transactions involving the Company’s warrant issuances are summarized as follows:

|                                   |     | Number of 
    Shares |   |     | Weighted       
 Average        
 Exercise Price |        |
|:----------------------------------|:----|----------:|:--|:----|:---------------|-------:|
| Outstanding at December 31, 2022  |     |   170,369 |   |     | $              |  96.10 |
| Issued                            |     |   863,193 |   |     |                |  20.59 |
| Exercised                         |     |  (276,117 | ) |     |                |   5.90 |
| Expired or cancelled              |     |   (87,665 | ) |     |                |  58.50 |
| Outstanding at December 30, 2023  |     |   669,780 |   |     |                |  34.80 |
| Issued                            |     |         — |   |     |                |      — |
| Exercised                         |     |  (433,936 | ) |     |                |  13.03 |
| Expired or cancelled              |     |  (138,968 | ) |     |