secwatch.observer — SEC 8-K summary
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Issuer:     ATLANTIC INTERNATIONAL CORP. (ATLN)
CIK:        0001605888
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001213900-24-079021
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atlantic International Corp. extends $35M note maturity to 2026; offers ~$9.5M in shares to SeqLL legacy holders
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- Extended maturity of $35M convertible note from IDC Technologies to March 31, 2026 or earlier upon $40M capital raise.
- Issuing up to 1,478,817 new shares at $6.45/share (~$9.5M aggregate) to SeqLL legacy shareholders as special dividend.
- Current legacy SeqLL shareholders hold 380,648 shares valued at $2.5M at $6.45/share.
- 30-day offer period starting September 16, 2024 to satisfy any claims from legacy shareholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605888/000121390024079021/0001213900-24-079021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605888/000121390024079021/ea0214681-8k_atlantic.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-079021

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