{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-039579","form_type":"8-K","ticker":"ATLN","cik":"0001605888","company_name":"ATLANTIC INTERNATIONAL CORP.","filed_at":"2026-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.582065+00:00","generated_at":"2026-05-15T07:38:40.102967+00:00","sec_items":["8.01","2.04","5.02"],"event_type":"litigation","sentiment":"negative","materiality_score":0.85,"confidence":"high","headline":"Atlantic International sues SPP over alleged fabricated default; COO resigns and is terminated for cause","bullets":["Commenced lawsuit against SPP Credit Advisors alleging coordinated attack to seize Lyneer subsidiaries based on fabricated default; seeks injunction to stop SPP from taking control actions.","SPP issued default notices under Financing Agreement and Bridge Loan for alleged covenant violations; company disputes and believes defenses are meritorious.","Company claims $77M+ in publicly traded shares acquired from IDC exceeded outstanding debt (<$50M), extinguishing obligations; SPP default notices did not demand repayment.","COO Mathew Evelt resigned March 30, 2026; company discovered he accepted position with SPP and terminated him for cause due to egregious misconduct."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-039579","json":"https://secwatch.observer/filing/0001213900-26-039579.json","markdown":"https://secwatch.observer/filing/0001213900-26-039579.md","text":"https://secwatch.observer/filing/0001213900-26-039579.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1605888/000121390026039579/0001213900-26-039579-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1605888/000121390026039579/ea0284949-8k_atlantic.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T07:38:40.102967+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}