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Atlantic International becomes Circle8 Group with $1.2B revenue; Franke CEO
Guus Franke appointed CEO effective June 29, 2026; Jeffrey Jagid becomes President and remains on board.
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Atlantic Intl reports record Q1 rev $249.9M (+143% YoY); secures $52M Dutch contract; regains Nasdaq compliance
Q1 revenue $249.9M (+143% YoY); includes first partial contribution from Circle8 acquisition closed Jan 23, 2026.
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Atlantic International sues SPP over alleged fabricated default; COO resigns and is terminated for cause
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.
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Atlantic International appoints Kevin J. Murphy as CFO with base salary $375,000
Kevin Murphy named CFO effective Jan 12, 2026; base salary $375K with annual bonus target of $200K.
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Atlantic Int'l acquires Circle8, creating $1.2B global workforce platform
Acquired Circle8 Group for stock and convertible note; Circle8 generated $780M revenue in 2025.
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Atlantic International CFO Christopher Broderick to retire Aug 15; Mathew Evelt hired as COO effective June 2
CFO Christopher Broderick to retire Aug 15, 2025; forfeits 577,171 RSUs and no severance.
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Atlantic International subsidiary secures $70M revolver; chairman resigns; IDC shares foreclosed
Lyneer Staffing entered $70M senior secured revolver with North Mill Capital (SLR Business Credit), replacing BMO facility; interest Prime+1% (min 5.75%), matures April 29, 2028.
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Atlantic International terminates merger with Staffing 360 Solutions due to material breach of IRS settlement condition
On Feb 26, 2025, Atlantic sent termination notice to STAF under the Merger Agreement dated Nov 1, 2024 as amended.
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Atlantic International amends Staffing 360 merger; eliminates cash, adds preferred stock conversion
Amendment removes cash consideration; all shares (common, Series H, Series I) convert into Atlantic common stock.
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Atlantic International to acquire Staffing 360 Solutions for ~$25M; combined rev ~$620M
Combined annual revenue expected ~$620M; deal valued at ~$25M; exchange ratio 1.202 Atlantic shares per STAF share.
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Atlantic International (fka SeqLL) completes Lyneer staffing acquisition for $95M in stock and note
Lyneer generated >$400M revenue and $5.4M adjusted EBITDA in 2023; consideration: $35M convertible note due Sep 2024 plus 25.4M shares at $2.36/sh.
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Merger price reduced to $2.36 per share; company renamed Atlantic International Corp.
Merger price lowered from $3.10 to $2.36 per share due to decline in SeqLL common stock price.
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SeqLL amends merger to acquire Lyneer; removes exchange listing condition, replaces cash with note
Amended merger agreement removes conditions to close: no longer requires capital raise or listing on national exchange.
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SeqLL amends merger agreement: changes consideration, extends deadline, swaps listing to Cboe
Lyneer Management removed as party; 100% of stock consideration now issuable to IDC.
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SeqLL receives Nasdaq Form 25; delisting effective April 1, 2024
Nasdaq filed Form 25 on March 21, 2024, removing SeqLL securities from listing; effective April 1.
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SeqLL receives Nasdaq delisting notice effective Nov 13 for non-compliance with public share rule
Nasdaq notified on Nov 10, 2023 that Panel determined to delist securities; trading suspended Nov 13.
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SeqLL amends merger agreement with Lyneer/IDC; cash consideration reduced, adds $20M convertible note
Amendment No. 4 eliminates $35M cash consideration, replacing with $20M cash + $20M convertible note to IDC.
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SeqLL amends merger consideration: cash cut to $35M, stock portion raised to $55M
Amendment No. 3 to Merger Agreement reduces cash consideration from $40M to $35M.
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SeqLL amends merger agreement with Lyneer, reduces stock consideration to $50M
Lyneer Stock Consideration cut from $60M to $50M; shares based on offering price.
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SeqLL receives Nasdaq deficiency notice for insufficient publicly held shares; plan due Sept 25
Nasdaq notified SeqLL that publicly held shares fell below the required 500,000 minimum (Rule 5550(a)(4)).
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SeqLL receives Nasdaq notice for insufficient publicly held shares; must submit compliance plan by Oct 23
Nasdaq letter dated Sept 8, 2023, states SeqLL no longer meets minimum 500,000 publicly held shares required by Listing Rule 5550(a)(4) as of Sept 7.
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SeqLL announces 1-for-40 reverse stock split to regain Nasdaq compliance
Reverse stock split at ratio 1-for-40, effective 11:59 p.m. ET on Aug 30, 2023.
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SeqLL shareholders approve all seven merger-related proposals at special meeting
Merger Proposal approved: 7,974,454 for, 31,303 against, 44,418 abstain.
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SeqLL receives Nasdaq delisting notice; amends merger consideration formulas
Nasdaq notified SeqLL on June 20, 2023 that it fails to meet $1.00 bid price requirement; trading suspension set for June 29 unless appeal is filed.
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SeqLL to merge with Atlantic and Lyneer in reverse merger; sells legacy assets for $1,000
SeqLL will issue ~159.9M shares valued at ~$138M and pay $60M cash to acquire Lyneer, making it wholly owned.
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SeqLL announces $1.8M registered direct offering of 2M shares at $0.90/share
Offered 2,000,000 shares of common stock at $0.90 per share for gross proceeds of $1.8M.
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SeqLL receives second 180-day Nasdaq extension to meet $1 minimum bid price rule
Granted additional 180 days until June 19, 2023, to regain compliance with Nasdaq's $1.00 minimum bid price requirement.
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SeqLL receives Nasdaq deficiency notice for bid price below $1.00; 180-day cure period
Received Nasdaq notice on June 21, 2022 for non-compliance with Rule 5550(a)(2); closing bid below $1.00 for 30 consecutive days.
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SeqLL closes upsized $13M IPO; common stock and warrants begin trading on Nasdaq
Closed IPO of 3.06M units at $4.25/unit, gross proceeds ~$13M, before underwriting discounts and expenses.