Atlantic International sells $5.6 million Series B convertible preferred stock in private placement; net proceeds rise to $5,565,000

Reuters03-27

Atlantic International sells $5.6 million Series B convertible preferred stock in private placement; net proceeds rise to $5,565,000

Atlantic International entered into a securities purchase agreement with an institutional investor to sell 5,600 shares of Series B 5% convertible preferred stock for USD 5.6 million.
The transaction also included warrants to purchase an additional 5,600 shares of Series B preferred stock.
Net proceeds were USD 5.6 million after transaction expenses.
The preferred stock has a stated value of USD 1,070 per share and ranks senior to the company’s common stock for dividends and liquidation payments.
The preferred stock is initially convertible at a USD 4.38 conversion price for the first 30 days after closing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Atlantic International Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-034808), on March 26, 2026, and is solely responsible for the information contained therein.

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