{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-055741","form_type":"8-K","ticker":"ATLN","cik":"0001605888","company_name":"ATLANTIC INTERNATIONAL CORP.","filed_at":"2024-06-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.195372+00:00","generated_at":"2026-06-01T02:12:47.378214+00:00","sec_items":["2.01","3.02","4.01","5.02","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Atlantic International (fka SeqLL) completes Lyneer staffing acquisition for $95M in stock and note","bullets":["Lyneer generated >$400M revenue and $5.4M adjusted EBITDA in 2023; consideration: $35M convertible note due Sep 2024 plus 25.4M shares at $2.36/sh.","Name changed to Atlantic International Corp., ticker ATLN; new CEO Jeffrey Jagid, COO/CFO Christopher Broderick, GC Michael Tenore.","New board includes Prateek Gattani (Chair), Robert Machinist (Vice Chair), Jeffrey Jagid, Jeffrey Kurtz, David Solimine, and incumbent David Pfeffer.","Legacy SeqLL assets sold to SeqLL Omics for $1,000, retaining only $1.375M note and lease; 4.7M shares and cash escrowed for shareholder settlement.","IDC Technologies owns 52% of post-merger shares; shares pledged to Lyneer's lenders."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-055741","json":"https://secwatch.observer/filing/0001213900-24-055741.json","markdown":"https://secwatch.observer/filing/0001213900-24-055741.md","text":"https://secwatch.observer/filing/0001213900-24-055741.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/ea0208305-8k_atlantic.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T02:12:47.378214+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0424e5a708","claim":"Daniel Jones resigned as President, Chief Executive Officer and Chairman at ATLANTIC INTERNATIONAL CORP..","evidence_excerpt":"the following officers resigned: Daniel Jones, President, Chief Executive Officer and Chairman","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President, Chief Executive Officer and Chairman"}],"fact_type":"executive_change"},{"claim_id":"2d6cb1dc2f","claim":"Dr. Patrice M. 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Milos and Douglas Miscoll","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"08d07accc59178e8041a56fe0009d2103ad9f527","claim":"ATLANTIC INTERNATIONAL CORP. completed an acquisition involving Lyneer Investments LLC for $35,000,000 convertible promissory note and 25,423,729 shares of common stock valued at $60,000,000 (closed 2024-06-18).","evidence_excerpt":"for the Acquisition was the issuance to IDC Technologies Inc. (“IDC”), the then current owner of Lyneer: (a) a convertible promissory note in the principal amount of $35,000,000 that is due on or before September 30, 2024; and (b) 25,423,729 shares of the Company’s common stock at a market value of $2.36 per share, or $60,000,000 in the aggregate. 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