Atlantic International Corp. Announces Uplisting to the Nasdaq Global Market
Atlantic International Corp. (ATLN) has received approval to uplist its common stock from OTC Markets to the Nasdaq Global Market, with trading scheduled to commence on December 11, 2024, under the same ticker symbol 'ATLN'. The company, a provider of strategic staffing and workforce solutions, views this move as strategic to enhance visibility, attract diverse investors, and improve trading liquidity.
CEO Jeffrey Jagid highlighted that the pending acquisition of Staffing 360 Solutions, Inc. is expected to generate pro forma revenue of approximately $620 million, positioning Atlantic as one of the fastest-growing human capital management companies entering 2025.
Atlantic International Corp. (ATLN) ha ricevuto l'approvazione per il passaggio della sua azione comune da OTC Markets al Nasdaq Global Market, con l'inizio delle contrattazioni previsto per l'11 dicembre 2024, sotto lo stesso simbolo di borsa 'ATLN'. L'azienda, fornitrice di soluzioni strategiche per il personale e la forza lavoro, considera questo passo strategico per aumentare la visibilità, attrarre investitori diversi e migliorare la liquidità delle transazioni.
Il CEO Jeffrey Jagid ha evidenziato che l'acquisizione in corso di Staffing 360 Solutions, Inc. è prevista per generare entrate pro forma di circa 620 milioni di dollari, posizionando Atlantic come una delle aziende di gestione del capitale umano in più rapida crescita in vista del 2025.
Atlantic International Corp. (ATLN) ha recibido la aprobación para subir su acción común de OTC Markets al Nasdaq Global Market, con las negociaciones programadas para comenzar el 11 de diciembre de 2024, bajo el mismo símbolo de cotización 'ATLN'. La empresa, proveedor de soluciones estratégicas de personal y fuerza laboral, ve este movimiento como una estrategia para aumentar la visibilidad, atraer inversores diversos y mejorar la liquidez comercial.
El CEO Jeffrey Jagid destacó que la adquisición pendiente de Staffing 360 Solutions, Inc. se espera que genere ingresos pro forma de aproximadamente 620 millones de dólares, posicionando a Atlantic como una de las empresas de gestión de capital humano de más rápido crecimiento al entrar en 2025.
Atlantic International Corp. (ATLN)는 OTC 마켓에서 나스닥 글로벌 마켓으로 보통주를 상장하다는 승인을 받았으며, 거래는 2024년 12월 11일부터 'ATLN'이라는 동일한 증권 코드 아래 시작될 예정입니다. 인력 및 Workforce 솔루션을 제공하는 이 회사는 이 조치를 통해 가시성을 높이고 다양한 투자자를 유치하며 거래 유동성을 개선할 계획입니다.
CEO 제프리 자기드는 Staffing 360 Solutions, Inc.의 인수가 완료되면 대략 6억 2천만 달러의 성과 수익을 생성할 것이라고 강조하며, Atlantic이 2025년을 맞이하여 가장 빠르게 성장하는 인적 자원 관리 회사 중 하나로 자리 잡을 것이라고 언급했습니다.
Atlantic International Corp. (ATLN) a reçu l'approbation pour transférer ses actions ordinaires d'OTC Markets vers le Nasdaq Global Market, avec des négociations prévues pour commencer le 11 décembre 2024, sous le même symbole boursier 'ATLN'. L'entreprise, fournisseur de solutions stratégiques en matière de personnel et de main-d'œuvre, considère ce mouvement comme stratégique pour accroître sa visibilité, attirer des investisseurs diversifiés et améliorer la liquidité du trading.
Le PDG Jeffrey Jagid a souligné que l'acquisition en attente de Staffing 360 Solutions, Inc. devrait générer des revenus pro forma d'environ 620 millions de dollars, positionnant Atlantic comme l'une des entreprises de gestion des ressources humaines à la croissance la plus rapide en 2025.
Atlantic International Corp. (ATLN) hat die Genehmigung erhalten, ihre Stammaktien von OTC Markets an den Nasdaq Global Market hochzustufen, wobei der Handel am 11. Dezember 2024 unter demselben Tickersymbol 'ATLN' aufgenommen werden soll. Das Unternehmen, das strategische Personal- und Arbeitslösungen anbietet, betrachtet diesen Schritt als strategisch, um die Sichtbarkeit zu erhöhen, verschiedene Investoren anzuziehen und die Handelsliquidität zu verbessern.
CEO Jeffrey Jagid hob hervor, dass die bevorstehende Übernahme von Staffing 360 Solutions, Inc. voraussichtlich Pro forma Einnahmen von etwa 620 Millionen Dollar generieren wird, was Atlantic zu einem der am schnellsten wachsenden Unternehmen im Bereich Human Capital Management macht, die 2025 betreten.
- Uplisting from OTC Markets to Nasdaq Global Market, potentially increasing visibility and trading liquidity
- Expected pro forma revenue of $620 million following Staffing 360 Solutions acquisition
- None.
ENGLEWOOD CLIFFS, N.J., Dec. 10, 2024 (GLOBE NEWSWIRE) -- 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
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
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 Fein
investors@atlantic-international.com
(213) 915-6414
FAQ
When will Atlantic International Corp (ATLN) begin trading on the Nasdaq Global Market?
What is the expected pro forma revenue for Atlantic International Corp (ATLN) following the Staffing 360 Solutions acquisition?
Will ATLN shareholders need to take any action due to the Nasdaq uplisting?
