---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-005455"
form_type: "8-K"
ticker: "ATLN"
cik: "0001605888"
company_name: "ATLANTIC INTERNATIONAL CORP."
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T18:35:45.698233+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SeqLL amends merger consideration: cash cut to $35M, stock portion raised to $55M

## Summary
- Amendment No. 3 to Merger Agreement reduces cash consideration from $40M to $35M.
- Lyneer stock consideration increased from $50M to $55M in common shares at the Capital Raise price.
- Atlantic stock consideration formula updated: C variable changed from $62M to $67M.
- Capital Raise still required; Closing conditions unchanged.
- Transaction parties include SeqLL (SQL), Atlantic, Lyneer, IDC Technologies, and Lyneer Management.

## SEC filing metadata
- accession: 0001013762-23-005455
- form_type: 8-K
- ticker: ATLN
- cik: 0001605888
- company_name: ATLANTIC INTERNATIONAL CORP.
- filed_at: 2023-10-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1605888/000101376223005455/0001013762-23-005455-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1605888/000101376223005455/ea187069-8k_seqllinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-005455
- JSON: https://secwatch.observer/filing/0001013762-23-005455.json
- Plain text: https://secwatch.observer/filing/0001013762-23-005455.txt

## Key facts
- Material Agreements
  ATLANTIC INTERNATIONAL CORP. amended Amendment No. 3 to the Agreement and Plan of Reorganization with IDC Technologies, Inc., Lyneer Management Holdings LLC, Atlantic Acquisition Corp, and other parties (effective 2023-10-17).
  - Action: amendment
  - Agreement: merger
  - Counterparty: IDC Technologies, Inc., Lyneer Management Holdings LLC, Atlantic Acquisition Corp, and other parties
  - Effective: 2023-10-17
  source text: On October 17, 2023, the Company entered into Amendment No. 3 to the Agreement and Plan of Reorganization (the “Amendment”) with the other parties thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1605888/000101376223005455/0001013762-23-005455-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.