Jagid Files 13D for Atlantic International Corp.
Ticker: SQLLW · Form: SC 13D · Filed: Jun 27, 2024 · CIK: 1605888
| Field | Detail |
|---|---|
| Company | Atlantic International Corp. (SQLLW) |
| Form Type | SC 13D |
| Filed Date | Jun 27, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
TL;DR
**Jagid just filed a 13D on Atlantic International Corp. Ownership change incoming.**
AI Summary
Jeffrey M. Jagid, through ID Systems Inc., has filed a Schedule 13D on June 18, 2024, regarding Atlantic International Corp. This filing indicates a change in beneficial ownership of the company's common stock. Jagid is listed with a business address at One University Plaza, Hackensack, NJ.
Why It Matters
This filing signals a significant change in the ownership structure of Atlantic International Corp., potentially impacting its stock price and corporate strategy.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.
Key Players & Entities
- Jeffrey M. Jagid (person) — Filing person
- ID Systems Inc. (company) — Entity associated with filing person
- Atlantic International Corp. (company) — Subject company
- Elliot H. Lutzker (person) — Authorized to receive notices
- Davidoff Hutcher & Citron LLP (company) — Legal counsel
FAQ
What is the specific percentage of Atlantic International Corp. common stock beneficially owned by Jeffrey M. Jagid?
The provided text does not specify the exact percentage of beneficial ownership, only that a Schedule 13D is being filed, indicating a change.
What was the date of the event that required this Schedule 13D filing?
The date of the event which requires filing of this statement is June 18, 2024.
What is the CUSIP number for Atlantic International Corp. common stock?
The CUSIP number for Atlantic International Corp. common stock is 048592109.
What is the business address of Atlantic International Corp.?
The business address of Atlantic International Corp. is 270 Sylvan Avenue, Suite 2230, Englewood Cliffs, NJ 07632.
What was the former company name of Atlantic International Corp.?
The former company name of Atlantic International Corp. was SeqLL, Inc., with a date of name change on April 17, 2014.
Filing Stats: 843 words · 3 min read · ~3 pages · Grade level 9.6 · Accepted 2024-06-27 09:44:39
Key Financial Figures
- $0.00001 — me of Issuer) Common Stock, Par Value $0.00001 per share (Title of Class of Securiti
Filing Documents
- ea0208589-13djagid_atlantic.htm (SC 13D) — 36KB
- 0001213900-24-056388.txt ( ) — 37KB
Security and Issuer
Item 1. Security and Issuer: Shares of Common Stock, $.00001 par value Atlantic International Corp., 270 Sylvan Avenue, Suite 2230, Englewood Cliffs, New Jersey 07632.
Identity and Background
Item 2. Identity and Background (a) Jeffrey Jagid (b) 270 Sylvan Avenue, Suite 2230, Englewood Cliffs, New Jersey 07632. (c) CEO and Director, Atlantic International Corp., 270 Sylvan Avenue, Suite 2230, Englewood Cliffs, New Jersey 07632. (d) No criminal proceedings to be disclosed (e) No civil proceedings to be disclosed (f) United States
Source and Amount of Funds or Other
Item 3. Source and Amount of Funds or Other Considerations See Item 5(c) below.
Purpose of Transaction
Item 4. Purpose of Transaction There are no plans or proposals which the reporting person has which may result in any of the matters listed.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer (a) 3 , 635,169 (7.5 %) shares based on 48,728,814 shares issued and outstanding as of June 18, 2024. (b) Sole voting power and disposition power – 3 , 635,169 shares. (c) Pursuant to the terms and conditions of an employment agreement dated February 1, 2023, by and between Mr. Jagid and Atlantic Acquisition Corp., Mr. Jagid received 3 , 635,169 shares of Common Stock of the Issuer, upon the June 18, 2024 merger with SeqLL Inc., which changed its name to Atlantic International Corp. (d) No person has the right to receive, or the power to direct the receipt of dividends from, or proceeds from, the sale of such securities. (e) Not applicable.
Contracts, Arrangements, Understandings
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer; None.
Material to Be Filed as Exhibits;
Item 7. Material to Be Filed as Exhibits; None . Page 4 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. June 27, 2024 Dated /s/ Jeffrey Jagid Signature: Jeffrey Jagid / Chief Executive Officer and Director Name/Title The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).