---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-091409"
form_type: "8-K/A"
ticker: "ATLN"
cik: "0001605888"
company_name: "ATLANTIC INTERNATIONAL CORP."
filed_at: "2026-08-19T11:32:31+00:00"
generated_at: "2026-08-19T11:35:07.531389+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Circle8 settles SPP litigation, extinguishes $35M note; Nasdaq deficiency notice

## Summary
- Settlement with SPP resolves litigation; total SPP indebtedness $62,669,730; $35M convertible note eliminated.
- Atlantic issues 21,983,926 shares to SPP; 18-month sale period at 5% interest; call option at $0.00001/share.
- Lyneer Staffing board reconstituted; Robert O. Riiska appointed CTO; SPP legal fee shares up to $1.8M.
- Nasdaq notice: bid below $1.00 for 30 days; must regain compliance by Feb 9, 2027, or risk delisting.
- Possible second 180-day period; company may consider reverse stock split to regain compliance.

## SEC filing metadata
- accession: 0001213900-26-091409
- form_type: 8-K/A
- ticker: ATLN
- cik: 0001605888
- company_name: ATLANTIC INTERNATIONAL CORP.
- filed_at: 2026-08-19T11:32:31+00:00
- event_type: other_material
- sentiment: negative
- 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/1605888/000121390026091409/0001213900-26-091409-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1605888/000121390026091409/ea0302567-8ka1_circle8.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-091409
- JSON: https://secwatch.observer/filing/0001213900-26-091409.json
- Plain text: https://secwatch.observer/filing/0001213900-26-091409.txt

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