Atlantic International’s Circle8 Secures Minimum $52 Million Government Contract Award

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.

Rhea-AI Summary

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.

Positive

• Four-year RDW ICT framework agreement with minimum value of about $52 million
• Recent public sector contract wins exceed $430 million in aggregate estimated value
• RDW contract won via competitive process with sixteen participants
• Circle8 platform annualized revenue exceeds $1.1 billion (unaudited)
• New award expands Circle8’s Dutch public sector client portfolio

Negative

• None.

Argus Jun 23 session

+202.41% close to close Open Argus

Details

News Market Reaction – ATLN

On Jun 23, the day this news came out, ATLN closed 202.41% above the previous close.

Data tracked by StockTitan Argus for the Jun 23 session.

Market Context

On Jun 23, the day this news came out, the stock closed 202.4% above the previous close. A strong po...

Analysis

On Jun 23, the day this news came out, the stock closed 202.4% above the previous close. A strong positive reaction aligns with Circle8’s growing public sector footprint, adding a minimum $52 million RDW award on top of over $380 million previously announced. Shelf capacity and past filings still leave dilution and execution as key risks.

Key Figures

Minimum contract value: $52 million Contract term: 4 years Procurement participants: 16 participants +3 more

Minimum contract value

$52 million

Four-year RDW ICT framework agreement

Contract term

4 years

RDW ICT framework agreement duration

Procurement participants

16 participants

Competitive process for RDW ICT framework

Recent public sector contract

$380 million

Previously announced four-year Circle8 public sector award

Aggregate recent public contracts

$430 million+

Circle8 public sector contract wins in recent weeks

Annualized revenue

$1.1 billion+

Atlantic International workforce platform annualized revenue (unaudited)

Historical Context

5 past events · Latest: Jun 22

5 events

1. Jun 22

   Earnings report

   24h Move

   -18.3%

   Record Q1 2026 revenue and gross profit growth with Circle8 contribution.

2. Jun 02

   Compliance notice

   24h Move

   -8.9%

   Nasdaq non-compliance notice for delayed Form 10-Q filing.

3. May 06

   Major contract win

   24h Move

   +18.1%

   Circle8 secured ~$380 million four-year tech services contract with Dutch ministry.

4. Apr 30

   Growth recognition

   24h Move

   -15.3%

   Circle8 ranked #5 in Dutch rankings with strong growth and large backlog.

5. Apr 28

   Strategic expansion

   24h Move

   +30.0%

   Expansion of platform into AI, cybersecurity and data infrastructure via Circle8.

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

Key Terms

framework agreement, ict

2 terms

framework agreement technical

"awarded a four-year framework agreement by the Dutch Vehicle Authority"

A framework agreement is a standing contract that lays out general rules, pricing ranges, and how the parties will work together when they later sign specific orders or projects — like an umbrella that covers future deals without fixing every detail up front. Investors watch these because they make future revenue more predictable, can speed up repeat business, and may signal the scale or stability of upcoming sales, reducing uncertainty about a company’s growth.

ict technical

"for the provision of specialized ICT (Information and Communications Technology) professionals"

Information and Communications Technology (ICT) describes the tools and systems—like computers, networks, servers, cloud services, and software—that organizations use to create, store, send and secure digital information. For investors, ICT matters because it underpins a company's ability to operate, scale, protect data and compete; stronger ICT is like a well-designed road system that speeds delivery and reduces costly breakdowns, while weak ICT can slow growth and increase risk.

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

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ENGLEWOOD CLIFFS, N.J., June 23, 2026 (GLOBE NEWSWIRE) -- Atlantic International Corp (Nasdaq: ATLN), a leading provider of workforce solutions, today announced that Seven Stars B.V., a company within its Circle8 Group platform, has been awarded a four-year framework agreement by the Dutch Vehicle Authority (RDW) for the provision of specialized ICT (Information and Communications Technology) professionals.

Seven Stars secured the contract through a competitive procurement process involving sixteen participants. Based on the procurement documentation, the framework agreement represents a minimum contract value of approximately $52 million over its four-year term.

This award follows Circle8 Group's recently announced public sector contract award with an estimated value of approximately $380 million and further demonstrates the platform's ability to secure large-scale assignments in highly competitive markets.

Jeffrey Jagid, Chief Executive Officer of Atlantic International, commented:

"Following the recently announced $380 million public sector contract award, this additional four-year agreement with a minimum value of $52 million further demonstrates the strength of the Circle8 platform and our ability to consistently win significant assignments. Together, these awards reflect the quality of our professionals, the depth of our client relationships, and our ability to deliver mission-critical workforce solutions for large organizations across Europe."

Guus Franke, Executive Chairman of Atlantic International, added:

"Winning major contracts repeatedly is a reflection of the strength of the platform, the quality of our people, and the trust clients place in our organization. This latest award further strengthens our position in the Dutch market and continues a strong series of commercial wins across the Circle8 Group platform."

Including the previously announced public sector award, Circle8 Group has announced public sector contract wins with an aggregate estimated value exceeding $430 million in recent weeks.

Following the acquisition of Circle8 Group earlier this year, Atlantic International operates a workforce solutions platform with annualized revenue exceeding $1.1 billion (unaudited) across North America and Europe. This latest award further expands Circle8 Group's public sector client portfolio and reinforces its position as a leading provider of specialized technology and professional staffing solutions across Europe.

About Atlantic International Corp

Atlantic International Corp. (Nasdaq: ATLN) is a global workforce solutions company providing staffing, recruitment, professional services, and outsourced workforce management solutions. Through its operations in North America and Europe, including the Circle8 Group platform, Atlantic serves a diverse base of public and private sector clients across multiple industries.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to, statements regarding expected contract values, future revenue opportunities, business prospects, growth initiatives, market opportunities, and the anticipated benefits of Atlantic's acquisition of Circle8 Group. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those described herein. Readers are cautioned not to place undue reliance on forward-looking statements. Atlantic undertakes no obligation to update or revise any forward-looking statements except as required by law.

Investor Relations Contact
Kevin Murphy
Chief Financial Officer
Atlantic International Corp
kmurphy@atlantic-international.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What government contract did Atlantic International (Nasdaq: ATLN) announce on June 23, 2026?

Atlantic International announced that Circle8’s Seven Stars B.V. secured a four-year framework agreement with the Dutch Vehicle Authority (RDW) for specialized ICT professionals. According to Atlantic International, this agreement has a minimum contract value of approximately $52 million over its term.

What is the value of the new RDW contract for Atlantic International’s Circle8 Group (ATLN)?

The RDW framework agreement has a minimum value of about $52 million over four years. According to Atlantic International, this award was obtained through a competitive procurement involving sixteen participants and focuses on providing specialized ICT professionals to the Dutch Vehicle Authority.

How much public sector contract value has Circle8 Group secured recently for Atlantic International (ATLN)?

Circle8 Group has recently announced public sector contract wins with an aggregate estimated value exceeding $430 million. According to Atlantic International, this total includes the newly announced $52 million minimum RDW framework and a previously disclosed public sector contract estimated at about $380 million.

How does the Circle8 RDW contract affect Atlantic International’s position in the Dutch market (ATLN)?

The RDW agreement expands Circle8 Group’s public sector client portfolio in the Netherlands. According to Atlantic International, this latest award strengthens the platform’s position in the Dutch market and continues a series of commercial wins for specialized ICT and professional staffing solutions.

What is Atlantic International’s annualized revenue after acquiring Circle8 Group (ATLN)?

Following the Circle8 Group acquisition earlier in 2026, Atlantic International reports annualized revenue exceeding $1.1 billion on an unaudited basis. According to Atlantic International, this workforce solutions platform now spans North America and Europe, including growing public sector engagements such as the RDW contract.

Why is the Circle8 RDW contract significant for Atlantic International (ATLN) shareholders?

The RDW contract adds a minimum $52 million, four-year public sector agreement to Circle8’s portfolio. According to Atlantic International, combined recent public sector wins above $430 million highlight the platform’s ability to secure large-scale, competitive assignments in European technology staffing markets.