Atlantic International (SeqLL)

General Information
Business:

Note: This is NOT an IPO. This is a reverse IPO. This deal is also a unit offering of stock and warrants. A reverse IPO is also known as a reverse takeover, according to the Corporate Finance Institute, which defines it as “the process in which a small private company goes public by acquiring a larger, already publicly listed company. The practice is contrary to the norm because the smaller company is taking over the larger company – thus, the merger is in “reverse” order.” Note: The listing on IPOScoop’s IPO Calendar (and the deal’s “IPO Profile”) are provided as a professional courtesy.)

Note: Unit offering – Each unit consists of one share of common stock and one warrant to buy one share of common stock. This is a NASDAQ listing. Proposed symbols: ATLN for the stock and ATLNW for the warrant

Securities Offered: 1 share of common stock and 1 warrant to buy one share of common stock – NASDAQ listing

*Note: Revenue (shown on chart) and adjusted EBITDA (shown here but NOT in the chart below) are for the year that ended Dec. 31, 2022: Adjusted EBITDA of $14.7 million on revenue of $441.5 million

 

Industry: Business Services - Staffing
Employees:
Founded:
Contact Information
Address
Phone Number
Web Address
View Prospectus: Atlantic International (SeqLL)
Financial Information
Market Cap
Revenues $441.5 mil (last 12 months)
Net Income $ mil (last 12 months)
IPO Profile
Symbol ATLN
Exchange NASDAQ
Shares (millions): 5.0
Price range $10.00 - $10.00
Est. $ Volume $50.0 mil
Manager / Joint Managers EF Hutton
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change