secwatch.observer — SEC 8-K summary
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Issuer:     ATLANTIC INTERNATIONAL CORP. (ATLN)
CIK:        0001605888
Form:       8-K
Filed at:   2026-03-26T23:59:59+00:00
Accession:  0001213900-26-034808
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Atlantic International raises $5.6M via Series B convertible preferred stock and warrants
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- Issued 5,600 Series B conv. pref. shares at stated value $1,070 each, raising $5.6M gross.
- Also issued warrants to purchase 5,600 additional pref. shares at $1,000 each, expiring 11 months.
- Conversion price initially $4.38 per common share, fixed for 30 days.
- Net proceeds of $5.565M to be used for working capital and general corporate purposes.
- Preferred stock ranks senior to common; 5% dividend payable in cash or shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605888/000121390026034808/0001213900-26-034808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605888/000121390026034808/ea0283340-8k_atlantic.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-034808

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