--- 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" generated_at: "2026-06-01T02:12:47.378214+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.9 calibrated_materiality_score: 0.9 confidence: "high" source: SEC EDGAR --- # Atlantic International (fka SeqLL) completes Lyneer staffing acquisition for $95M in stock and note ## Summary - 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. ## SEC filing metadata - 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 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.9 - calibrated_materiality_score: 0.9 - confidence: high - sec_items: 2.01, 3.02, 4.01, 5.02, 7.01, 8.01, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-24-055741 - JSON: https://secwatch.observer/filing/0001213900-24-055741.json - Plain text: https://secwatch.observer/filing/0001213900-24-055741.txt ## Key facts - Executive change Daniel Jones resigned as President, Chief Executive Officer and Chairman at ATLANTIC INTERNATIONAL CORP.. - Action: resigned - Role: President, Chief Executive Officer and Chairman source text: the following officers resigned: Daniel Jones, President, Chief Executive Officer and Chairman evidence_url: https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm - Executive change Dr. Patrice M. Milos resigned as Director at ATLANTIC INTERNATIONAL CORP.. - Action: resigned - Role: Director source text: the following directors resigned: Daniel Jones, Dr. Patrice M. Milos and Douglas Miscoll evidence_url: https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm - Executive change Daniel Jones resigned as Director at ATLANTIC INTERNATIONAL CORP.. - Action: resigned - Role: Director source text: the following directors resigned: Daniel Jones, Dr. Patrice M. Milos and Douglas Miscoll evidence_url: https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm - Executive change Prateek Gattani was elected as Chairman of the Board at ATLANTIC INTERNATIONAL CORP.. - Action: elected - Role: Chairman of the Board source text: Prateek Gattani, Chairman of the Board, Robert Machinist, Vice Chairman of the Board, Jeffrey Jagid, Jeffrey Kurtz and David Solimine were elected to the Board joining David Pfeffer evidence_url: https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm - Executive change Francis Scully resigned as Chief Financial Officer and Security at ATLANTIC INTERNATIONAL CORP.. - Action: resigned - Role: Chief Financial Officer and Security source text: the following officers resigned: Daniel Jones, President, Chief Executive Officer and Chairman, and Francis Scully, Chief Financial Officer and Security evidence_url: https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm - Executive change David Solimine was elected as Director at ATLANTIC INTERNATIONAL CORP.. - Action: elected - Role: Director source text: Prateek Gattani, Chairman of the Board, Robert Machinist, Vice Chairman of the Board, Jeffrey Jagid, Jeffrey Kurtz and David Solimine were elected to the Board joining David Pfeffer evidence_url: https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm - Executive change Jeffrey Jagid was elected as Director at ATLANTIC INTERNATIONAL CORP.. - Action: elected - Role: Director source text: Prateek Gattani, Chairman of the Board, Robert Machinist, Vice Chairman of the Board, Jeffrey Jagid, Jeffrey Kurtz and David Solimine were elected to the Board joining David Pfeffer evidence_url: https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm - Executive change Jeffrey Kurtz was elected as Director at ATLANTIC INTERNATIONAL CORP.. - Action: elected - Role: Director source text: Prateek Gattani, Chairman of the Board, Robert Machinist, Vice Chairman of the Board, Jeffrey Jagid, Jeffrey Kurtz and David Solimine were elected to the Board joining David Pfeffer evidence_url: https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm - Executive change Robert Machinist was elected as Vice Chairman of the Board at ATLANTIC INTERNATIONAL CORP.. - Action: elected - Role: Vice Chairman of the Board source text: Prateek Gattani, Chairman of the Board, Robert Machinist, Vice Chairman of the Board, Jeffrey Jagid, Jeffrey Kurtz and David Solimine were elected to the Board joining David Pfeffer evidence_url: https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm - Executive change Douglas Miscoll resigned as Director at ATLANTIC INTERNATIONAL CORP.. - Action: resigned - Role: Director source text: the following directors resigned: Daniel Jones, Dr. Patrice M. Milos and Douglas Miscoll evidence_url: https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm - M&A Transactions 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). - Action: acquisition - Counterparty: Lyneer Investments LLC - Consideration: $35,000,000 convertible promissory note and 25,423,729 shares of common stock valued at $60,000,000 - Closing: 2024-06-18 source text: 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. The evidence_url: https://www.sec.gov/Archives/edgar/data/1605888/000121390024055741/0001213900-24-055741-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.