secwatch / observer
8-K filed June 23, 2023, 7:59 PM ET ticker ATLN CIK 0001605888
regulatory confidence high sentiment negative materiality 0.85

ATLANTIC INTERNATIONAL CORP. (ATLN): Nasdaq/NYSE listing notice — SeqLL receives Nasdaq delisting notice; amends merger consideration formulas

ATLANTIC INTERNATIONAL CORP.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

ATLANTIC INTERNATIONAL CORP. received a nasdaq compliance regained notice regarding minimum bid price (rules 5550(a)(2), 5800).

Exchange
nasdaq
Notice
compliance regained
Deficiency
minimum bid price
Rules
5550(a)(2), 5800
Exact text from the filing
e Commission (the “SEC”), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. Under applicable Nasdaq rules, the Company may appeal the Staff’s determination to a Hearings Panel (the “Panel”) pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. A hearing request will stay the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision, and the Company’s securities will continue to trade on The Nasdaq Capital Market until the hearing process is concluded and the Panel issues a writ
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ATLANTIC INTERNATIONAL CORP. amended Amendment No. 1 to Agreement and Plan of Reorganization with SeqLL, Inc., SeqLL Merger LLC, Atlantic Acquisition Corp, Atlantic Merger LLC, Lyneer Investments, LLC, IDC Technologies, Inc., Lyneer Management Holdings LLC valued at Amends Lyneer Stock Consideration to number of shares equal to $60,000,000 divided by Offering Price (effective 2023-06-23).

Action
amendment
Agreement
merger
Counterparty
SeqLL, Inc., SeqLL Merger LLC, Atlantic Acquisition Corp, Atlantic Merger LLC, Lyneer Investments, LLC, IDC Technologies, Inc., Lyneer Management Holdings LLC
Value
Amends Lyneer Stock Consideration to number of shares equal to $60,000,000 divided by Offering Price
Effective
2023-06-23
Exact text from the filing
On June 23, 2023, the Company entered into Amendment No. 1 to the Agreement and Plan of Reorganization (the “Amendment”) with the other parties thereto.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ATLANTIC INTERNATIONAL CORP. entered into Agreement and Plan of Reorganization with SeqLL, Inc., SeqLL Merger LLC, Atlantic Acquisition Corp, Atlantic Merger LLC, Lyneer Investments, LLC, IDC Technologies, Inc., Lyneer Management Holdings LLC valued at Merger Agreement pursuant to which Atlantic Merger Sub merges with and into Lyneer, and Purchaser Su (effective 2023-05-29).

Action
entry
Agreement
merger
Counterparty
SeqLL, Inc., SeqLL Merger LLC, Atlantic Acquisition Corp, Atlantic Merger LLC, Lyneer Investments, LLC, IDC Technologies, Inc., Lyneer Management Holdings LLC
Value
Merger Agreement pursuant to which Atlantic Merger Sub merges with and into Lyneer, and Purchaser Su
Effective
2023-05-29
Exact text from the filing
As previously reported, on May 29, 2023, SeqLL, Inc., a Delaware corporation (the “Company”), SeqLL Merger LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company (“Purchaser Sub”), Atlantic Acquisition Corp, a Delaware corporation (“Atlantic”), Atlantic Merger LLC, a Delaware limited liability company and a majority-owned subsidiary of Atlantic (“Atlantic Merger Sub”), Lyneer Investments, LLC, a Delaware limited liability company (“Lyneer”), IDC Technologies, Inc., a California corporation (“IDC”), and Lyneer Management Holdings LLC, a Delaware limited liability company (“Lyneer Management”), entered into an Agreement and Plan of Reorganization (the “Merger Agreement”)
View on SEC.gov

18 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

ATLANTIC INTERNATIONAL CORP. filing history →

Source: SEC EDGAR
accession 0001213900-23-051365
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