Adviser boosts Atlantic International (ATLN) stake to 11.9% ownership
Rhea-AI Filing Summary
Atlantic International Corp. disclosed that strategic adviser Andrew Bressman has filed an amended Schedule 13D reporting beneficial ownership of 7,003,971 shares of common stock, representing 11.9% of the company’s outstanding shares as of January 5, 2026. He has sole voting and dispositive power over all of these shares.
The filing notes that Bressman received 500,000 restricted stock units (RSUs) on January 5, 2026 under a consulting agreement, and that these RSUs are exercisable on the grant date. The stake is held in connection with a merger agreement and his consulting role, and he states that he does not currently have plans for major corporate actions such as mergers, asset sales, or changes in control. The filing also states there are no other contracts or arrangements regarding the issuer’s securities.
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FAQ
What does Atlantic International (ATLN) disclose in this Schedule 13D/A?
The filing reports that strategic adviser Andrew Bressman beneficially owns 7,003,971 shares of Atlantic International common stock, equal to 11.9% of the outstanding shares as of January 5, 2026, and details how this ownership arose, including a new restricted stock unit grant.
How many Atlantic International (ATLN) shares does Andrew Bressman beneficially own?
Andrew Bressman beneficially owns 7,003,971 shares of Atlantic International common stock, with sole voting and dispositive power over all of these shares.
What percentage of Atlantic International’s common stock is held by Andrew Bressman?
The filing states that Andrew Bressman’s 7,003,971 shares represent 11.9% of Atlantic International’s common stock, based on 58,525,488 shares issued and outstanding as of January 5, 2026.
What new equity award did Andrew Bressman receive from Atlantic International (ATLN)?
On January 5, 2026, Andrew Bressman was awarded 500,000 restricted stock units (RSUs) tied to Atlantic International common stock under a consulting agreement, and the filing states these RSUs are exercisable on the date of grant.
Why did Andrew Bressman receive securities from Atlantic International?
The filing explains that Bressman received the securities referenced in Item 3 as consideration related to a Merger Agreement and his Consulting Agreement under which he serves as a strategic adviser to Atlantic International.
Does Andrew Bressman plan to change control or strategy at Atlantic International?
The filing states that Andrew Bressman does not have a present plan or proposal that would result in any of the major corporate actions listed in Item 4 of the Securities Exchange Act, such as mergers, asset sales, or changes in control.
Are there other contracts or arrangements involving Bressman and Atlantic International securities?
Under Item 6, the filing states there are no contracts, arrangements, understandings or relationships with respect to Atlantic International securities other than those described, and no person has rights to dividends or sale proceeds from these shares.