---
schema_version: "secwatch.filing_event.v1"
accession: "0001605888-26-000054"
form_type: "8-K"
ticker: "ATLN"
cik: "0001605888"
company_name: "ATLANTIC INTERNATIONAL CORP."
filed_at: "2026-10-23T21:00:21+00:00"
generated_at: "2026-10-23T21:02:12.952114+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Circle8's Lyneer unit gets PEO and SPP default notices; lender SLR plans UCC asset sale

## Summary
- Lyneer Staffing Solutions received a default notice from professional employer organization Employers Personnel, LLC over alleged payment-obligation defaults; Lyneer is negotiating a resolution.
- SPP Credit Advisors sent Oct 14, 2026 default notices covering the April 29, 2025 Amended and Restated Loan Agreement and June 18, 2024 Bridge Loan; SPP and Agent granted no waiver.
- North Mill Capital d/b/a SLR Business Credit, Lyneer's senior secured lender, intends UCC Article 9 private sales of substantially all Lyneer assets on or after Oct 27, 2026.
- Circle8 disputes the SLR notice's validity and is reviewing the "veracity" of the purported defaults, pointing to the Aug 7, 2026 Settlement Agreement; SPP has taken no further action.
- SPP asserted cross-events of default tied to the PEO notice, reserving all rights and remedies under the Financing Agreement, loan documents and Bridge Loan documents.

## SEC filing metadata
- accession: 0001605888-26-000054
- form_type: 8-K
- ticker: ATLN
- cik: 0001605888
- company_name: ATLANTIC INTERNATIONAL CORP.
- filed_at: 2026-10-23T21:00:21+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.04, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1605888/000160588826000054/0001605888-26-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1605888/000160588826000054/altn-20261014.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001605888-26-000054
- JSON: https://secwatch.observer/filing/0001605888-26-000054.json
- Plain text: https://secwatch.observer/filing/0001605888-26-000054.txt

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