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The latest update is out from Atlantic International ( (ATLN) ).
On April 29, 2025, Atlantic International Corp.’s subsidiary, Lyneer Staffing Solutions, LLC, entered into a Loan and Security Agreement with North Mill Capital, LLC, providing a $70 million senior secured revolving credit facility. This agreement replaced a prior facility with BMO Bank and includes customary covenants and conditions for credit facilities of this type. The agreement is set to mature on April 29, 2028, with potential for extension, and involves guarantees from Lyneer Holdings, Inc. and Lyneer Investments, LLC. Additionally, Prateek Gattani resigned as Chairman of the Board of Directors in consideration of the Loan Agreement.
Spark’s Take on ATLN Stock
According to Spark, TipRanks’ AI Analyst, ATLN is a Underperform.
Atlantic International’s overall stock score reflects significant financial challenges, including negative income and cash flow, and a negative P/E ratio. Technical analysis shows mixed signals, with short-term momentum but a long-term bearish trend. The recent termination of a merger adds additional uncertainty to its strategic direction and market position.
To see Spark’s full report on ATLN stock, click here.
More about Atlantic International
YTD Price Performance: -42.59%
Average Trading Volume: 52,449
Technical Sentiment Signal: Buy
Current Market Cap: $212.8M
Find detailed analytics on ATLN stock on TipRanks’ Stock Analysis page.