secwatch.observer — SEC 8-K summary
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Issuer:     ATLANTIC INTERNATIONAL CORP. (ATLN)
CIK:        0001605888
Form:       8-K/A
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001213900-24-063775
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605888/000121390024063775/0001213900-24-063775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605888/000121390024063775/ea0209869-8ka1_atlantic.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-063775

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