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Atlantic International Corp. provides outsourced services and workforce solutions through a platform that includes North American staffing operations and Circle8 Group, its European IT and technology talent business. Company news centers on staffing demand, technology talent delivery, public-sector and enterprise service contracts, financial results, acquisition integration, and expansion of Circle8 capabilities in areas such as software development, cybersecurity, data analytics, AI infrastructure, and managed security operations.
Updates also cover corporate communications, investor relations activity, executive appointments, and cost-management initiatives as Atlantic integrates acquired operations and broadens its workforce-management and strategic consulting services.
Circle8 Group (Nasdaq:CIRC) reported record service revenue of $569.7 million for the first half of 2026, up 176.9% from $205.7 million and already above its prior record full-year revenue. First-half gross profit doubled to $45.2 million.
Second-quarter 2026 service revenue reached a record $319.8 million, up 210.8%, with gross profit up 108.5% to $23.8 million. SG&A fell to 11.75% of revenue from 18.3%, reflecting operating leverage. International operations, largely from the January 2026 acquisition of Circle8 Group B.V., contributed $206.0 million of Q2 revenue and $13.8 million of gross profit.
Despite strong top-line growth, Circle8 posted a Q2 net loss of $86.4 million (loss per share $0.98), including a $60.4 million one-time charge for a litigation settlement with SPP Credit Advisors. First-half net loss was $117.1 million. Cash and equivalents rose to $19.3 million from $0.1 million at year-end 2025. The August 7, 2026 SPP settlement releases and cancels a $35 million merger note and related conversion rights, with the note reduction expected to be reflected in third-quarter 2026 financials, subject to final accounting treatment.
Circle8 Group (Nasdaq: CIRC) reported that an independent PIFA market analysis ranked Circle8 as the leading Broker/MSP provider in Dutch public-sector contract awards published on TenderNed during 2025. The analysis attributed approximately €2.07 billion (about US$2.39 billion) in awarded framework value to Circle8 across six agreements, equal to 28.7% of the Broker/MSP award value included in the study.
According to Circle8, its attributed framework value exceeded the combined value of the Top 20 providers in the Dutch public-sector secondment category. The company’s position is linked to major workforce programs with the Dutch National Police, UWV, ProRail and Vitens. Circle8 cautioned that framework values are estimated or maximum amounts and do not represent guaranteed spending, revenue or backlog, and may include work fulfilled by third-party suppliers.
Circle8 Group (Nasdaq: CIRC) executed a definitive global settlement with SPP Credit Advisors, resolving all outstanding litigation and legacy financing issues and cancelling Circle8's $35 million Convertible Seller's Note due March 2027, including all related conversion rights and potential equity dilution.
The agreement cures existing defaults, restores remaining SPP indebtedness to non-default interest rates, removes default interest and sets an approximately 18‑month orderly share disposition framework to satisfy remaining obligations. SPP will grant Circle8 an irrevocable option to repurchase about 21.9 million existing shares at $0.0001 per share while receiving an equivalent number of newly issued registered shares, with SPP immediately relinquishing all rights on the existing shares.
Circle8 Group (Nasdaq: CIRC) executed a definitive settlement agreement with SPP Credit Advisors that resolves all outstanding litigation, releases, cancels and discharges the Company's $35 million Convertible Seller's Note due March 2027, and restructures remaining legacy financing. The settlement cures existing defaults, restores non-default interest rates and eliminates default interest.
SPP will grant Circle8 an irrevocable option to purchase approximately 21.9 million existing shares for $0.0001 per share while Circle8 simultaneously issues about 21.9 million new registered shares to SPP. The deal includes an approximately 18‑month orderly share disposition framework to satisfy remaining indebtedness and is intended to simplify the capital structure and enhance financial flexibility.
Circle8 Group (Nasdaq: CIRC) announced the completion of extensions for two long-standing Dutch public sector contracts with a combined annual value of about US$20 million, reinforcing its recurring revenue base. The Waternet contract is extended from June 17, 2026 through June 17, 2027 with an annual value of approximately US$11.7 million. The De Bevelanden agreement is extended through March 31, 2028 with an annual value of around US$8.2 million.
These awards add to Circle8’s 2026 commercial activity, including a four-year DUO Groningen contract of roughly US$380 million, a four-year RDW contract with a minimum value of about US$52 million, and a one-year Rijkswaterstaat extension of approximately US$175 million per year. According to Circle8, public sector contract awards and extensions approved during 2026 now exceed US$625 million in aggregate value, underlining its expanding role in Dutch government digital infrastructure and essential services.
Atlantic International (Nasdaq: ATLN), transitioning to the Circle8 brand, announced a one-year extension of its strategic agreement with Rijkswaterstaat, effective December 1, 2026 to November 30, 2027.
The extension has an estimated annual contract value of ~$175 million and contributes to more than $600 million in 2026 public sector technology contract opportunities. Atlantic International reports annualized revenue above $1 billion.
Atlantic International (Nasdaq: ATLN) is relaunching as Circle8, reflecting its evolution from a North American staffing firm into a global technology and workforce solutions platform with annualized revenue exceeding $1.2 billion and operations across North America and Europe.
The company plans to change its name to Circle8 Group and, subject to Nasdaq and regulatory approval, trade under ticker CIRC. Guus Franke is appointed Chief Executive Officer while remaining Executive Chairman, and former CEO Jeffrey Jagid becomes President and continues on the Board. Circle8 operates four platforms: Technology Consulting, Technology Solutions, Managed Services and Technology Workforce Solutions, and recently secured European public-sector agreements valued at $380 million and $52 million.
Atlantic International (Nasdaq: ATLN) received formal notice from Nasdaq that it has regained compliance with Listing Rule 5250(c)(1) following the filing of its Q1 2026 Form 10-Q. Atlantic is now current with all Nasdaq quarterly reporting obligations.
The company recently reported record Q1 2026 revenue of about $250 million, with annualized revenue exceeding $1 billion. The quarter reflected only a partial contribution from the January 23, 2026 acquisition of Circle8 Group. Through Circle8, Atlantic has secured public sector framework agreements valued at approximately $380 million and at least $52 million over four years.
Atlantic International (Nasdaq: ATLN) reported that Circle8’s Seven Stars B.V. won a four-year framework agreement with the Dutch Vehicle Authority (RDW) to supply specialized ICT professionals. The competitive tender had sixteen participants and carries a minimum value of about $52 million.
Including a recently announced approximately $380 million public sector award, Circle8’s recent public sector wins exceed $430 million in estimated value. Following the Circle8 acquisition earlier in 2026, Atlantic International now operates a workforce platform with annualized revenue above $1.1 billion (unaudited) across North America and Europe.
Atlantic International (Nasdaq: ATLN) reported record Q1 2026 revenue of $249.9 million, up 143% from $102.8 million a year earlier. Gross profit rose 92% to $21.4 million, with cash of $24.1 million at March 31, 2026.
The quarter includes the first contribution from the January 23, 2026 acquisition of Circle8 Group, which expanded operations across North America and Europe. Combined operations now exceed $1.1 billion in annualized revenue, creating a transatlantic workforce solutions platform serving technology, financial, industrial and public sector clients.