Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 310

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 310
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aterial to the financial statements. In Fiscal 2023 and 2022, the Company recorded compensation expense associated with these restricted shares of $ and $, respectively.

|                                  |     | Restricted 
     Shares |   |     | Weighted  
 Average   
 Price     
 Per Share |       |
|:---------------------------------|:----|-----------:|:--|:----|:----------|------:|
| Outstanding at January 1, 2022   |     |      5,976 |   |     | $         | 50.00 |
| Granted                          |     |     63,000 |   |     |           |  3.20 |
| Vested/adjustments               |     |       (384 | ) |     |           | 88.80 |
| Outstanding at December 31, 2022 |     |     68,592 |   |     |           |  6.72 |
| Granted                          |     |    337,305 |   |     |           |  2.30 |
| Vested/adjustments               |     |   (177,689 | ) |     |           |  2.88 |
| Balance at December 30, 2023     |     |    228,208 |   |     | $         |  3.18 |

Series A Preferred Stock — Related Party

On January 21, 2020, the Company converted the shares of Series A Preferred Stock awarded to Mr. Briand into shares of common stock. On January 8, 2021, the Company converted the shares awarded to Mr. Flood into shares of common stock. The Company has $ and $ of dividends payable to Series A Preferred Stockholders at the end of Fiscal 2023 and Fiscal 2022, respectively.

F-31 STAFFING 360 SOLUTIONS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FISCAL YEARS ENDED DECEMBER 30, 2023 AND DECEMBER 31, 2022
(All amounts in thousands) NOTE 13 — STOCKHOLDERS’ (DEFICIT) EQUITY (cont.) Warrants In connection with the private placement consummated in July 2022 (the “July 2022 Private Placement”), on July 7, 2022, the Company entered into warrant amendment agreements (the “Warrant Amendment Agreements”) with each of