---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-089264"
form_type: "8-K"
ticker: "ATLN"
cik: "0001605888"
company_name: "ATLANTIC INTERNATIONAL CORP."
filed_at: "2026-08-13T21:23:18+00:00"
generated_at: "2026-08-13T21:24:07.120947+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Circle8 settles SPP dispute, cancels $35M convertible note; gets Nasdaq bid price deficiency

## Summary
- Settlement with SPP extinguishes $35M convertible seller's note due March 2027; resolves NY and DE litigation.
- Atlantic issues ~21.98M new shares to SPP; SPP grants 10-yr call option to repurchase same shares at $0.00001 each for retirement.
- SPP to sell shares over ~18 months to repay $62.67M indebtedness; remaining shares returned if repaid early.
- Lyneer Staffing to engage Robert O. Riiska as CTO; board reconstituted with one Atlantic, one SPP, one independent (Matthew Kahn).
- Nasdaq deficiency: bid price below $1.00 for 30 days; 180 days to regain compliance by Feb 9, 2026.

## SEC filing metadata
- accession: 0001213900-26-089264
- form_type: 8-K
- ticker: ATLN
- cik: 0001605888
- company_name: ATLANTIC INTERNATIONAL CORP.
- filed_at: 2026-08-13T21:23:18+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1605888/000121390026089264/0001213900-26-089264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1605888/000121390026089264/ea0301845-8k_circle8.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-089264
- JSON: https://secwatch.observer/filing/0001213900-26-089264.json
- Plain text: https://secwatch.observer/filing/0001213900-26-089264.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.