---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-063775"
form_type: "8-K/A"
ticker: "ATLN"
cik: "0001605888"
company_name: "ATLANTIC INTERNATIONAL CORP."
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:00:57.906047+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Pro forma financials show Lyneer as continuing entity with $401.4M revenue, $31.1M net loss for 2023

## Summary
- Pro forma revenue for 2023: $401.4M; net loss $31.1M (incl. $43M stock-based compensation and $24.7M deferred tax benefit).
- Pro forma revenue for Q1 2024: $100.6M; net loss $4.0M.
- Total pro forma assets as of March 31, 2024: $141.3M; liabilities $89.9M; equity $51.5M.
- Merger note of $35M issued to IDC; IDC also received $60M in common stock valued at $2.36/share.
- Lyneer retains $37.1M of revolving debt per Allocation Agreement; other joint debt deconsolidated.

## SEC filing metadata
- accession: 0001213900-24-063775
- form_type: 8-K/A
- ticker: ATLN
- cik: 0001605888
- company_name: ATLANTIC INTERNATIONAL CORP.
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1605888/000121390024063775/0001213900-24-063775-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1605888/000121390024063775/ea0209869-8ka1_atlantic.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-063775
- JSON: https://secwatch.observer/filing/0001213900-24-063775.json
- Plain text: https://secwatch.observer/filing/0001213900-24-063775.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.