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
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| Industry: | Business Services - Staffing |
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| 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 |
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| Expected To Trade: | |
| Status: | TBA |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |