Atlantic International Corp Receives Notification from Nasdaq Regarding Late Filing of Form 10-Q

Rhea-AI Summary

Atlantic International (Nasdaq: ATLN) received a Nasdaq notice for non-compliance with Listing Rule 5250(c)(1) due to a delayed Form 10-Q for the quarter ended March 31, 2026.

The company plans to file the report promptly, expects to regain compliance, and faces no immediate trading impact, though future delisting is possible if compliance is not restored.

Positive

• Notice has no immediate effect on trading of ATLN shares
• Company intends to file the delayed Form 10-Q promptly
• Management expects to regain Nasdaq compliance before applicable deadlines
• Company reports it is working diligently to finalize financial statements

Negative

• Currently non-compliant with Nasdaq Listing Rule 5250(c)(1)
• Delayed filing of Form 10-Q for quarter ended March 31, 2026
• ATLN securities may be delisted if compliance is not timely regained

News Market Reaction – ATLN

-8.90%

12 alerts

-8.90% News Effect

-7.2% Trough in 3 hr 20 min

-$10M Valuation Impact

$105.19M Market Cap

0.2x Rel. Volume

On the day this news was published, ATLN declined 8.90%, reflecting a notable negative market reaction. Argus tracked a trough of -7.2% from its starting point during tracking. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $10M from the company's valuation, bringing the market cap to $105.19M at that time.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -8.9% in the session following this news. A negative reaction despite the company’s ...

Analysis

The stock moved -8.9% in the session following this news. A negative reaction despite the company’s stated plan to regain compliance fits a pattern where investors sold on perceived risk or uncertainty. The delayed Form 10-Q follows an earlier NT 10-K filing, reinforcing concerns about reporting timeliness. Active use of a $250,000,000 shelf and recent share registrations could further weigh on sentiment. Past trading showed sizable moves on news, so reactions to future filings and clarity around financials would have been critical for stabilizing expectations.

Key Figures

Shelf size: $250,000,000 ATM preferred program: $30,000,000 2024 revenue: $400 million +5 more

8 metrics

Shelf size $250,000,000 Mixed shelf registration capacity

ATM preferred program $30,000,000 5% convertible preferred stock

2024 revenue $400 million Year ended Dec 31, 2024

Shares in May 27 424B3 4,000,000 shares Common stock issued to E.F. Hutton & Co.

Shares in Apr 8 424B3 12,516,070 shares Common stock registered for resale

Circle8 note $161,961,751.20 Convertible note issued to Axiom

Shares outstanding 79,289,016 shares As of Mar 31, 2026 (424B3)

CFO options 400,000 options at $3.46 Incentive stock options granted Feb 2, 2026

Historical Context

5 past events · Latest: May 06 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 06	Major contract win	Positive	+18.1%	Circle8 landed four-year Dutch tech services contract worth ~ $380M.
Apr 30	Growth recognition	Positive	-15.3%	Circle8 ranked #5 in Dutch rankings with strong growth and backlog.
Apr 28	AI expansion news	Positive	+30.0%	Announced expansion into AI, cybersecurity and data infrastructure via Circle8.
Apr 16	Earnings and acquisition	Negative	-6.6%	Reported FY2025 loss on adjusted EBITDA while highlighting Circle8 acquisition.
Mar 16	Conference attendance	Positive	+7.2%	Planned ROTH conference meetings to discuss Circle8, AI strategy and expansion.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

ATLN often moved sharply on corporate news: positive contract/AI announcements led to strong gains, while recognition and earnings updates saw selling. Only one recent event showed a clear divergence between upbeat news and negative price reaction.

Recent Company History

Over the last few months, Atlantic International announced several major developments. On Apr 16, 2026, it reported FY2025 results and a Circle8 acquisition, creating a platform with pro forma revenue above $1 billion. Subsequent news on Apr 28 and May 6 expanded into AI, cybersecurity and secured a ~$380 million Dutch technology contract, driving double-digit gains. Recognition of Circle8’s growth on Apr 30 coincided with a pullback, showing investors can still sell into ostensibly positive headlines.

Key Terms

form 10-q, nasdaq listing rule 5250(c)(1), form 12b-25, nt 10-k, +3 more

7 terms

form 10-q regulatory

"delayed filing of its Quarterly Report on Form 10-Q for the period ended March 31, 2026"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

nasdaq listing rule 5250(c)(1) regulatory

"not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”)"

Nasdaq Listing Rule 5250(c)(1) requires companies listed on the Nasdaq stock exchange to promptly notify the exchange if their stock price falls below a certain minimum level, known as the "initial listing standards." This rule helps ensure that investors are aware of significant declines in a company's stock value, which could signal financial trouble or increased risk. Essentially, it helps maintain transparency and protect investors by keeping them informed about important changes in a company's stock performance.

form 12b-25 regulatory

"filed a Form 12b-25 (NT 10-K) notifying the SEC it cannot timely file"

Form 12b-25 is a notice a publicly traded company files with the U.S. Securities and Exchange Commission when it cannot deliver a required periodic report (like a quarterly or annual financial report) on time. It explains the reason for the delay and gives the company a short, temporary window to finish the report without being marked as delinquent; investors watch it because late filings can signal accounting, operational, or control issues that may affect a company’s reliability and stock risk, much like a missed homework deadline can raise concerns about a student’s preparedness.

nt 10-k regulatory

"filed a Form 12b-25 (NT 10-K) notifying the SEC it cannot timely file"

A NT 10-K is a formal notice filed with U.S. regulators saying a company will not deliver its required annual financial report (Form 10‑K) by the deadline. For investors it matters because a late report increases uncertainty about recent results and governance — like a delayed report card, it can signal accounting problems, audits still in progress, or other setbacks that may affect the stock’s risk and valuation.

rule 424(b)(3) regulatory

"Prospectus Filed Pursuant to Rule 424(b)(3)"

Rule 424(b)(3) is a U.S. Securities and Exchange Commission filing rule that governs how updated prospectus information about a securities offering is formally added to an existing registration statement. For investors, seeing a 424(b)(3) filing means the company has officially recorded new offering details – like the number of shares, pricing range or other terms – so it’s a reliable place to check the latest, legally required disclosures; think of it as the official addendum to a product manual that must be filed before the product is sold.

schedule 13d regulatory

"has filed an amended Schedule 13D reporting beneficial ownership"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

restricted stock units financial

"reported the grant and vesting of 500,000 restricted stock units (RSUs) on January 5, 2026"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ENGLEWOOD CLIFFS, N.J., June 02, 2026 (GLOBE NEWSWIRE) -- Atlantic International Corp (Nasdaq: ATLN) (the “Company”), a global provider of outsourced services and workforce solutions, announced that it has received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), due to the delayed filing of its Quarterly Report on Form 10-Q for the period ended March 31, 2026 (the “Form 10-Q”) with the U.S. Securities and Exchange Commission (the “SEC”). The Rule requires Nasdaq-listed companies to timely file all required periodic financial reports with the SEC.

The Company intends to file the Form 10-Q as promptly as practicable and expects to regain compliance with the Nasdaq listing requirements prior to any applicable deadlines. The Notice has no immediate effect on the listing or trading of the Company’s securities on Nasdaq. However, if the Company fails to timely regain compliance with the Rule, the Company's securities will be subject to delisting from the Nasdaq Capital Market. The Company is working diligently to finalize the financial statements and to file the Form 10-Q as soon as practicable.

About Atlantic International Corp
Atlantic International Corp (Nasdaq: ATLN) is a leading provider of outsourced services and workforce solutions. Through its subsidiary Lyneer Staffing Solutions, the Company delivers staffing services across food production, manufacturing and logistics sectors in North America. Through Circle8 Group, Atlantic has expanded into specialized IT and technology solutions, managed services, project delivery and broader technology services across Europe. For more information, visit www.atlantic-international.com and www.circle8group.com.

Forward Looking Statements
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 subsidiaries. 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:
Matt Glover and Clay Liolios
Gateway Group, Inc.
949-574-3860
ATLN@gateway-grp.com

FAQ

What Nasdaq notice did Atlantic International (ATLN) receive on June 2, 2026?

Atlantic International received a Nasdaq notice that it is not in compliance with Listing Rule 5250(c)(1) due to a delayed Form 10-Q filing. According to the company, this stems from its Quarterly Report for the period ended March 31, 2026 not yet being filed.

Why is Atlantic International (ATLN) out of compliance with Nasdaq Listing Rule 5250(c)(1)?

Atlantic International is out of compliance because it has not timely filed its Form 10-Q for the quarter ended March 31, 2026. According to the company, Nasdaq rules require all periodic financial reports to be filed on time with the SEC.

Does the Nasdaq non-compliance notice immediately affect trading of Atlantic International (ATLN) stock?

The Nasdaq notice has no immediate effect on the listing or trading of Atlantic International securities. According to the company, ATLN shares will continue trading on the Nasdaq Capital Market while it works to file the delayed Form 10-Q and regain compliance.

Could Atlantic International (ATLN) be delisted from Nasdaq because of the late Form 10-Q filing?

Atlantic International’s securities could be subject to delisting if it does not timely regain compliance with Nasdaq Listing Rule 5250(c)(1). According to the company, it expects to file the Form 10-Q promptly and restore compliance before any applicable Nasdaq deadlines.

How is Atlantic International (ATLN) responding to the delayed Form 10-Q and Nasdaq notice?

Atlantic International plans to file its Form 10-Q as promptly as practicable and is working diligently to finalize its financial statements. According to the company, it expects to regain Nasdaq listing compliance before any relevant deadlines, aiming to avoid potential delisting actions.

What period does the delayed Atlantic International (ATLN) Form 10-Q cover?

The delayed Form 10-Q covers Atlantic International’s quarter ended March 31, 2026. According to the company, the late filing of this specific quarterly report is the sole basis for the Nasdaq Listing Rule 5250(c)(1) non-compliance notice it recently received.