Company: ATLN
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006537
Chunk: 474

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-24
Form: 424B3
Chunk 474
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 as to the fairness of the amount or nature of any compensation to be paid or payable to any of the officers, directors or employees of the Company, or any class of such persons, whether relative to the Merger Consideration or otherwise. We express no opinion as to the creation, validity, or enforceability of any interest of any lender or obligors of any proceeds, or as to the availability of any remedies with respect to the non -paymentor default under any loan or debt obligation. We have assumed that any modification to the structure of the transaction will not vary in any respect material to our analysis. Our opinion does not address the relative merits of the Merger as compared to other business or financial strategies that might be available to the Company, nor does it address the underlying business decision of the Company to engage in the Merger. In arriving at our opinion, we were not authorized to solicit, and did not solicit, interest from any third party with respect to the acquisition of any or all of the Company Common Stock or any business combination or other extraordinary transaction involving the Company. This letter, and our opinion, does not constitute a recommendation to the Board of Directors or to any other persons in respect of the Merger, including as to how any holder of shares of Company Common Stock should vote or act in respect of the Merger. We express no opinion herein as to the price at which shares of Parent or Company will trade at any time. We are not legal, regulatory, accounting or tax experts and have assumed the accuracy and completeness of assessments by the Company and its advisors with respect to legal, regulatory, accounting and tax matters. No consideration has been given to the tax or legal implications, at the individual shareholder level, in the assessment of the financial adequacy of the Merger on the Company’s current shareholders.

We issue this Fairness Opinion as an independent advisor to the Company’s Board of Directors and will receive a fee for our services. The Company has also agreed to reimburse certain of our expenses and to indemnify us against certain liabilities arising out of our engagement. Our compensation is not based upon the conclusions and opinions contained in this Fairness Opinion nor are we entitled to receive a success fee if the proposed transaction is successfully completed. The opinions expressed herein are rendered only to the Board of Directors of the Company in connection with the Transaction described herein and their successors and assigns. This Fairness Opinion may not be furnished, quoted to, or relied upon, by any other Person for any other purpose. Based upon and subject to the foregoing, it