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ENGLEWOOD CLIFFS, N.J.—Jeffrey M. Jagid, Chief Executive Officer of Atlantic International Corp. (NASDAQ:ATLN), recently acquired a substantial number of common shares, as disclosed in a recent SEC filing. The transaction comes as ATLN shares have surged 143% over the past year and 20.6% in the last week alone, according to InvestingPro data. On January 2, 2025, Mr. Jagid purchased 2,885,856 shares of common stock at a nominal price of $0.0001 per share, totaling approximately $288.
This transaction, which significantly increased Mr. Jagid's holdings, was part of a broader award under his Executive Employment Agreement. The acquisition was conducted under the company's 2023 Equity Incentive Plan, as outlined in the filing. The company currently maintains a Fair overall financial health score, based on InvestingPro's comprehensive analysis.
Following this transaction, Mr. Jagid's direct ownership in Atlantic International Corp. has grown to 6,621,025 shares of common stock. The company's stock continues to be a focal point for investors monitoring executive transactions, trading near its 52-week high of $8.98. Discover more key metrics and 8 additional InvestingPro Tips by subscribing to InvestingPro.
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