secwatch.observer — SEC 8-K summary
======================================

Issuer:     ATLANTIC INTERNATIONAL CORP. (ATLN)
CIK:        0001605888
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001213900-24-095420
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atlantic International to acquire Staffing 360 Solutions for ~$25M; combined rev ~$620M
--------------------------------------------------------------------------------

- Combined annual revenue expected ~$620M; deal valued at ~$25M; exchange ratio 1.202 Atlantic shares per STAF share.
- Atlantic shareholders to own ~90% of combined company; Staffing 360 ~10% on fully diluted basis.
- Transaction expected to close within 90 days, subject to STAF shareholder approval and customary conditions.
- Jeffrey Jagid to remain Atlantic CEO; Brendan Flood to serve as President of Staffing 360 Solutions.
- Anticipated run-rate cost synergies of ~$10M; combined company will serve 1,500+ customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605888/000121390024095420/0001213900-24-095420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605888/000121390024095420/ea0220213-8k_atlantic.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-095420

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