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Atlantic International Corp (NASDAQ:ATLN) Chief Financial Officer Christopher Broderick reported purchasing 577,171 shares of common stock at a price of $0.0001 on January 7, 2025. The total value of the purchase was $57. The purchase comes as the stock trades at $2.22, down 47% over the past six months. According to InvestingPro, the company maintains a FAIR financial health score despite recent market challenges.
Following the transaction, Broderick directly owns 2,004,237 shares of Atlantic International Corp.
On the same day, Broderick also acquired 577,171 Restricted Stock Units, which are exercisable beginning January 7, 2026, and expire on July 7, 2030. In other recent news, Atlantic International Corp. announced its inclusion in the Russell 3000 Index, effective June 30, 2025, as part of the annual reconstitution of Russell indexes. This development is significant for the company as the Russell indexes serve as benchmarks for investment managers and institutional investors. Furthermore, Atlantic International has appointed Matt Evelt as the new Chief Operating Officer to lead global operations, bringing over twenty years of industry experience to the role. Evelt’s leadership is expected to contribute to the company’s growth and operational efficiency improvements. Additionally, Atlantic International has launched a new conversational AI platform through its subsidiary, Lyneer Staffing Solutions. This platform aims to provide real-time workforce intelligence and compensation insights, enhancing hiring and compensation decisions for businesses. The AI-powered assistant integrates data from various hiring platforms and offers actionable insights, such as competitive salary comparisons and benefits packages analysis. This launch represents a significant step in the company’s expansion into AI-powered workforce solutions. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.