Staffing 360 Solutions, Atlantic International enter merger agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2025
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Should l Buy ?
Source: Business Insider
Merger Agreement Details: Staffing 360 Solutions has amended its merger agreement with Atlantic International Corp., which includes the conversion of Series H and I Preferred Stocks into common stock, alongside a settlement agreement with Jackson Investment Group that forgives interest and converts loan principal into preferred shares.
Market Reaction: Following the announcement of the merger details, shares of Staffing 360 Solutions surged by 42% in after-hours trading, reaching $3.23.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
