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1. A smaller, more regional version of global staffing giants like Adecco or ManpowerGroup.

2. Like Robert Half, but covering a broader array of industries beyond just professional fields, including light industrial, hospitality, and medical.

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• Staffing and Placement Services: Provides permanent, temporary, and temporary-to-permanent placement of personnel across various industries and job functions.
• Productivity Consulting: Offers expertise to help clients improve operational efficiency and output.
• Workforce Management Solutions: Delivers strategies and tools for optimizing workforce planning, deployment, and performance.

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Atlantic International Corp. (ATLN) primarily sells its staffing and workforce management solutions to other companies, rather than directly to individuals.

Based on publicly available information, specific names of Atlantic International Corp.'s major customer companies are not disclosed in its financial filings or other public reports. Staffing companies generally serve a diverse base of clients across various industries and functions. Typical major customers for Atlantic International would include businesses operating in or seeking talent for the commercial, professional, finance, healthcare, information technology, legal, light industrial, and administrative sectors. The identification of individual major customers by name is generally considered proprietary information and is not publicly released unless a single customer accounts for a significant portion of revenue (e.g., >10%), and even then, often without naming the specific client.

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Jeffrey M. Jagid Chief Executive Officer and Director

Mr. Jagid has served as CEO of Atlantic International since February 1, 2023, and was elected CEO and Director upon the completion of the Lyneer Merger on June 18, 2024. He possesses a strong track record in optimizing revenue and profitability within global organizations and has experience building and leading businesses at various stages of growth. Before joining Atlantic, he was Chairman of the Board of Directors of ThinkEco Inc. from 2015, becoming its Chief Executive Officer in 2017. Prior to ThinkEco, Mr. Jagid held various management positions at I.D. Systems, Inc. (Nasdaq: IDSY), including Chief Executive Officer and Chairman of the Board of Directors. Under his leadership, I.D. Systems was named one of North America's fastest-growing technology companies by Deloitte multiple times, and Mr. Jagid was recognized as a Deloitte Entrepreneur of the Year finalist. He successfully led I.D. Systems' initial public offering and multiple capital raises totaling nearly $100 million. Mr. Jagid holds 14 patents in wireless communications, mobile data, asset tracking, and connected car technology. From 2001 to 2014, he also served on the board of directors of Coining Technologies, Inc., a privately held company.

Kevin J. Murphy Chief Financial Officer

Mr. Murphy was appointed Chief Financial Officer, effective February 2, 2026. He is a Certified Public Accountant with over 25 years of senior financial leadership experience, including roles within staffing, technology, data services, and private-equity-backed organizations. Most recently, he served as Executive Vice President and Division Chief Financial Officer of Hospitality Staffing Solutions, LLC, where he also functioned in a CEO capacity, leading back-office, field operations, and sales teams. During his tenure at Hospitality Staffing Solutions, he led a comprehensive organizational transformation and contributed to 17% revenue growth over a two-year period. Previously, Mr. Murphy was Senior Vice President of Finance and Treasurer for a staffing business that transitioned from private equity ownership to a privately held company, overseeing various aspects including accounting, finance, HR, IT, compliance, risk management, facilities, and M&A diligence and integration. He has significant experience in private equity environments and complex operating platforms, having partnered closely with boards, private equity sponsors, and executive teams.

Matt Evelt Chief Operating Officer

Mr. Evelt was appointed Chief Operating Officer, effective June 2, 2025. He brings over twenty years of industry experience, particularly in leading global operations. His previous roles include President – Americas at Airswift, and significant leadership positions at The ROOSEVELT Strategic, Gattaca, NES Fircroft, and TRS Staffing Solutions, where he was recognized for delivering growth and operational excellence across various regions.

Prateek Gattani Chairman of the Board

Mr. Gattani is also the CEO of IDC Technologies, a company which, under his leadership, generated staffing revenue of over $900 million in 2022.

Michael Tenore General Counsel and Secretary

Mr. Tenore serves as the General Counsel and Secretary of Atlantic International Corp.

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Key Risks to Atlantic International Corp. (ATLN):

1. Financial Instability and Unprofitability: Atlantic International Corp. faces significant financial challenges, characterized by unprofitability, high operating expenses, and no clear path to sustained profitability. The company is highly leveraged with substantial debt and considerable interest costs that current operations cannot cover. Furthermore, ATLN has negative operational cash flow, and its existing cash reserves are insufficient to sustain ongoing losses, presenting a critical risk to its long-term viability.
2. Economic Volatility and Demand Fluctuations: As a staffing company, Atlantic International Corp. is highly susceptible to economic instability. Fluctuations in the economy directly impact the demand for temporary and contract workers. During economic downturns, organizations tend to reduce their workforce or freeze hiring, which leads to a decrease in demand for staffing services. This unpredictability in demand can severely affect ATLN's revenue and cash flow, especially given that staffing agencies often pay workers weekly while client payments can be delayed by 30-90 days.
3. Talent Acquisition Challenges and Intense Market Competition: Atlantic International operates in a highly competitive labor market where finding and retaining qualified candidates, particularly in specialized industries, is an ongoing challenge. Shifting employee expectations for flexibility and work-life balance contribute to higher turnover. Additionally, the staffing industry is experiencing increased competition from new entrants and the adoption of AI-driven hiring solutions, compelling ATLN to differentiate its services to attract both talent and clients.

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The proliferation and maturation of online talent marketplaces and gig economy platforms represent a clear emerging threat. These platforms allow businesses to directly connect with temporary, project-based, or contract workers across various fields, including those serviced by Atlantic International such as information technology, finance, administrative, and legal. This direct-to-freelancer model disintermediates traditional staffing agencies, offering clients a potentially more efficient, flexible, and cost-effective alternative for workforce solutions, thereby challenging Atlantic International's core business of placement services and workforce management solutions.

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• Administrative and Clerical Staffing: The market size for Office Staffing & Temp Agencies in the U.S. is estimated at $260.1 billion in 2025. This segment experienced an 8.9% increase in 2025 and a 2.9% Compound Annual Growth Rate (CAGR) between 2020 and 2025.
• Healthcare Staffing (Medical Fields): The U.S. healthcare staffing market was estimated at $19.5 billion in 2024. It is projected to grow to approximately $34.09 billion by 2034, with a CAGR of 5.74% from 2025 to 2034. Another source estimates the U.S. healthcare staffing market size at $21.59 billion in 2025, predicted to increase to about $42.82 billion by 2035.
• Information Technology (IT) Staffing: The U.S. IT staffing market was valued at $37.89 billion in 2023 and is projected to reach $52.21 billion by 2029, with a CAGR of 5.49%. Other estimates place the U.S. IT staffing market at $113.81 billion in 2024, anticipated to reach $156.23 billion by 2032, at a CAGR of 3.76%.
• Light Industrial Staffing: Light industrial staffing accounts for approximately 28% of the total U.S. staffing market revenue. Based on the 2024 U.S. staffing market revenue of $184 billion, this segment would be approximately $51.52 billion. The industrial and logistics sector is expected to grow by 2–3% in 2026.
• Hospitality Staffing: The U.S. Hospitality Staffing Market is estimated to be valued at $166.49 billion in 2025 and is expected to reach $258.72 billion by 2032, exhibiting a CAGR of 6.5% from 2025 to 2032.
• Finance & Accounting Staffing: In 2024, the top 19 firms in the U.S. finance/accounting staffing sector generated $4.3 billion in revenue, representing 51% of the total market. This implies an approximate total market size of $8.43 billion for finance and accounting staffing. This segment has an estimated 5% growth in 2026.
• Legal Staffing: The U.S. legal staffing revenue was $1.53 billion in 2023 and is projected to reach $1.60 billion in 2025. In 2024, the top 10 U.S. providers generated $0.9 billion, making up 58% of the market, indicating a total market of approximately $1.55 billion.

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Here are 3-5 expected drivers of future revenue growth for Atlantic International (ATLN) over the next 2-3 years:

1. Global Expansion and Integration of Circle8 Group: Atlantic International's acquisition of Circle8 Group in January 2026 is a significant driver of future revenue. This transaction created a diversified global workforce solutions platform with an estimated $1.2 billion in annual revenue, expanding Atlantic's geographic footprint into key European markets. Circle8 Group itself generated approximately $780 million in 2025 revenue and is projected to reach $1 billion organically in 2026. The integration of Circle8 adds high-growth IT and technology staffing capabilities, complementing Atlantic's North American industrial staffing operations and enabling cross-regional workforce support for global enterprises.

2. Expansion of Key Client Relationships and Market Share: The company has demonstrated a focus on expanding relationships with existing clients and securing new, substantial contracts through its subsidiary, Lyneer Staffing Solutions. Examples include an expanded partnership with a premier food production client, increasing Lyneer's expected annual revenue from this client to over $12 million, and a contract with a global e-commerce leader with a potential for $17 million in revenue. This indicates a strategy of deepening engagements with major clients and capturing greater market share within their verticals.

3. Strategic Acquisitions and Consolidation Strategy: Atlantic International has outlined a clear strategy for growth through disciplined merger and acquisition activities. The company aims to achieve $1 billion to $1.5 billion in revenue within the next 12 to 18 months through a combination of organic growth and M&A. The company also noted significant attractive M&A opportunities in medical, IT, and engineering staffing.

4. Launch of AI-Driven Workforce Intelligence: Atlantic International is leveraging technology by launching AI-driven workforce intelligence capabilities, which are integrated into Lyneer's proprietary Apollo Ecosystem. These capabilities utilize predictive analytics and machine learning for workforce data, candidate matching, and market analysis, which can enhance operational efficiency, optimize service delivery, and potentially attract new clients seeking advanced staffing solutions.

5. Growth in Permanent Placement Services: The company has shown strong performance in its permanent placement services segment. This segment experienced a 16.9% year-over-year increase in the second quarter of 2025 and a 9.3% increase for the six-month period. This growth is attributed to robust demand from existing clients and successful business development efforts, indicating a strengthening position in higher-value permanent placements.

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Share Repurchases

Atlantic International Corp. (ATLN) has not publicly reported any share repurchase programs or significant share repurchases over the last 3-5 years.

Share Issuance

• As part of its merger with Lyneer Investments LLC in June 2024, Atlantic International Corp. issued 25,423,729 shares of common stock.
• In January 2026, the company completed an all-stock acquisition of Circle8 Group, a European IT and technology staffing company.
• The 2025 Equity Omnibus Plan was approved by shareholders on November 10, 2025, authorizing future equity awards for employees, officers, and directors.

Inbound Investments

• Atlantic International Corp. (then known as SeqLL) acquired Lyneer Staffing Solutions in a reverse merger in June 2024, with Lyneer being treated as the accounting acquirer. This transaction included the issuance of common stock and a $35 million promissory note to IDC Technologies Inc.
• In the second quarter of 2025, Atlantic International Corp. secured a new $70 million asset-based lending facility to enhance financial flexibility and support growth initiatives and working capital needs.

Outbound Investments

• Atlantic International Corp. acquired Circle8 Group in an all-stock transaction in January 2026, expanding its global footprint and creating a diversified workforce solutions platform. Circle8 Group generated approximately $780 million in revenue in 2025.
• The company entered into a merger agreement in November 2024 to acquire Staffing 360 Solutions, Inc. in an all-stock deal valued at $25 million, but this acquisition was subsequently terminated in March 2025.
• Atlantic International Corp. has an ongoing strategy to pursue mergers and acquisitions to build a global staffing organization.

Capital Expenditures

• Atlantic International Corp. reported capital expenditures of $14K in Q3 2025, which was a 19.9% decrease from the prior quarter.
• For the fiscal year 2024, capital expenditures were reported as $73K.
• The company's capital expenditures were approximately -$67,579.00 for the trailing twelve months, contributing to free cash flow.