8-K
filed August 21, 2023, 7:59 PM ET
ticker ATLN
CIK 0001605888
M&A
confidence high
sentiment neutral
materiality 0.80
SeqLL shareholders approve all seven merger-related proposals at special meeting
ATLANTIC INTERNATIONAL CORP.
- Merger Proposal approved: 7,974,454 for, 31,303 against, 44,418 abstain.
- Reverse stock split (up to 1:40) and name change to Atlantic International Corp. both approved.
- Authorized common shares increased from 80M to 300M; equity plan and asset sale also approved.
- Board size to increase from 4 to 7 members effective upon merger consummation.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ATLANTIC INTERNATIONAL CORP. shareholders approved To approve an amendment to the Charter to effect a reverse stock split of the Company's common stock on a one new common share for up to 40 shares of old common stock basis, at the discretion of the Board, as set forth under the caption 'Proposal III: The Reverse Stock Split Proposal' in the Proxy S at the 2023-08-21 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2023-08-21
Exact text from the filing
For Against Abstain Broker Non-Votes 7,948,368 56,337 45,470 - Based on the votes set forth above, the stockholders approved of the Reverse Stock Split Proposal.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ATLANTIC INTERNATIONAL CORP. shareholders approved To approve the Atlantic International Corp. 2023 Equity Incentive Plan, which will become effective upon consummation of the Merger, as set forth under the caption 'Proposal VI: Equity Plan Proposal' in the Proxy Statement at the 2023-08-21 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-08-21
Exact text from the filing
For Against Abstain Broker Non-Votes 7,972,291 33,468 44,416 - Based on the votes set forth above, the stockholders approved of the Equity Plan Proposal.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ATLANTIC INTERNATIONAL CORP. shareholders approved To approve an amendment to the Charter to change the name of the Company following consummation of the Merger to 'Atlantic International Corp.' as set forth under the caption 'Proposal IV: Name Change Proposal' in the Proxy Statement at the 2023-08-21 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-08-21
Exact text from the filing
For Against Abstain Broker Non-Votes 7,973,602 30,101 46,472 - Based on the votes set forth above, the stockholders approved of the Name Change Proposal.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ATLANTIC INTERNATIONAL CORP. shareholders approved To approve an amendment to the Charter to increase the authorized shares of the Common Stock from 80,000,000 shares to 300,000,000 shares as set forth under the caption 'Proposal V: Authorized Share Proposal' in the Proxy Statement at the 2023-08-21 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-08-21
Exact text from the filing
For Against Abstain Broker Non-Votes 7,943,040 62,215 44,920 - Based on the votes set forth above, the stockholders approved of the Authorized Share Proposal.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ATLANTIC INTERNATIONAL CORP. shareholders approved To approve that certain asset purchase agreement that was entered into concurrently with the Merger Agreement and the transactions contemplated thereby, as set forth under the caption 'Proposal VII: Asset Sale Proposal' in the Proxy Statement at the 2023-08-21 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-08-21
Exact text from the filing
For Against Abstain Broker Non-Votes 5,587,951 32,277 2,429,947 - Based on the votes set forth above, the stockholders approved of the Asset Sale Proposal.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ATLANTIC INTERNATIONAL CORP. shareholders approved To approve the issuance of Common Stock of the Company in the Merger pursuant to the terms of the Merger Agreement and the change of control of the Company that will be effected as a result of such issuance, all as set forth under the caption 'Proposal I: The Merger Proposal' in the Proxy Statement at the 2023-08-21 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-08-21
Exact text from the filing
For Against Abstain Broker Non-Votes 7,974,454 31,303 44,418 - Based on the votes set forth above, the stockholders approved of the Merger Proposal.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ATLANTIC INTERNATIONAL CORP. shareholders approved To approve an increase in the size of the board of directors of the Company from four members to seven members effective upon the consummation of the Merger as set forth under the caption Proposal II: Board of Directors Proposal in the Proxy Statement at the 2023-08-21 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-08-21
Exact text from the filing
For Against Abstain Broker Non-Votes 7,944,816 60,573 44,786 - Based on the votes set forth above, the stockholders approved of the Board of Directors Proposal.
View on SEC.gov
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