Atlantic International Corp. Announces Uplisting to the Nasdaq Global Market
10 Diciembre 2024 - 3:01PM
Atlantic International Corp. (“Atlantic”), a leading provider of
strategic staffing, outsourced services and workforce solutions,
today announced that it has received approval to list its common
stock on the Nasdaq Global Market (“Nasdaq”) stock exchange.
Trading on Nasdaq is expected to commence on Wednesday, December
11, 2024 under the Company’s current ticker symbol “ATLN”. Prior to
listing on Nasdaq, the Company's shares traded on the OTC Markets.
Shareholders are not required to take any action as a result of the
uplisting.
“This strategic decision to transfer to the Nasdaq reflects the
strong growth trajectory in our business. With these changes, we
expect to enhance our visibility, attract a diverse retail and
institutional shareholder base, and improve overall trading
liquidity. The Nasdaq listing better aligns with trading dynamics
and technical characteristics of our workforce solutions industry
peers, which we expect will increase long-term value for Atlantic’s
shareholders,” said Jeffrey Jagid, Chief Executive Officer.
Jeffrey Jagid added, “Listing on Nasdaq represents a significant
milestone for our Company. We expect our pending acquisition of
Staffing 360 Solutions, Inc. to result in pro forma revenue of
approximately $620 million, and we are poised to begin 2025 as one
of the fastest growing human capital management companies in the
industry.”
About Atlantic International Corp.
Atlantic International Corp. (“Atlantic”) is a leading strategic
staffing, outsourced services, and workforce solutions company
executing a high-growth strategy. Through its principal operating
subsidiary, Lyneer Investments LLC (“Lyneer”), Atlantic provides
its customers with complete HR solutions, operating 40 independent
on-site and vendor-on-premises facilities and paying over 12,000
employees weekly. According to Staffing Industry Analysts, Atlantic
is among the top 20 largest national staffing companies servicing
the light industrial, commercial, professional, finance, direct
placement, and managed service provider verticals. Atlantic’s
approximately 300 employees generated over $400 million in revenue
for the twelve months ended September 30, 2024.
For more information about Atlantic International Corp., please
visit www.atlantic-international.com.
For more information about Lyneer Staffing Solutions please
visit www.lyneer.com.
Forward-Looking Statements & Safe Harbor
Statement
With the exception of the historical information contained in
this press release, the matters described herein, may contain
“forward-looking statements” relating to the business of Atlantic,
and its subsidiary company Lyneer. These forward-looking statements
are often identified by the use of forward-looking terminology such
as “believes,” “expects,” or similar expressions, involving known
and unknown risks and uncertainties. Although the Company believes
that the expectations reflected in these forward-looking statements
are reasonable, they do involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.
Investors should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on its website at http://www.sec.gov. All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors.
Other than as required under the securities laws, the Company
does not assume a duty to update these forward-looking
statements.
Investor Relations Contact
Kale Feininvestors@atlantic-international.com(213) 915-6414
Atlantic (NASDAQ:ATLN)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Atlantic (NASDAQ:ATLN)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024