secwatch.observer — SEC 8-K summary
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Issuer:     ATLANTIC INTERNATIONAL CORP. (ATLN)
CIK:        0001605888
Form:       8-K
Filed at:   2023-08-30T23:59:59+00:00
Accession:  0001213900-23-072292
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SeqLL announces 1-for-40 reverse stock split to regain Nasdaq compliance
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- Reverse stock split at ratio 1-for-40, effective 11:59 p.m. ET on Aug 30, 2023.
- Outstanding shares reduced from ~13.9M to ~347,160; authorized common increased to 300M.
- Split intended to regain compliance with Nasdaq $1.00 minimum bid price requirement.
- No fractional shares; any fractional shares rounded up to nearest whole share.
- Stockholders' percentage interest unchanged except for fractional share adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605888/000121390023072292/0001213900-23-072292-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605888/000121390023072292/ea184395-8k_seqllinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-072292

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer