Atlantic International moves listing to Nasdaq
Atlantic International moves listing to Nasdaq
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Staffing provider Atlantic International received approval to list its common stock on the Nasdaq Global Market starting today. The company will keep its ATLN listing as it had on the OTC.
The move represents a milestone for Atlantic International, CEO Jeffrey Jagid said in a press release.
“This strategic decision to transfer to the Nasdaq reflects the strong growth trajectory in our business,” Jagid said. “With these changes, we expect to enhance our visibility, attract a diverse retail and institutional shareholder base and improve overall trading liquidity.”
He also noted that the company’s pending acquisition of Staffing 360 Solutions will result in pro forma revenue of approximately $620 million.
Atlantic International operates 40 independent on-site and vendor-on-premises facilities and pays more than 12,000 employees weekly through its principal operating subsidiary Lyneer Investments.