This Sticker Supplement modifies and supplements the Prospectus filed on July 22, 2024, related to the offer and resale of up to 13,711,743 shares of common stock held by Selling Shareholders. The Sticker Supplement is effective as of August 22, 2025.
Key points:
- The company's common stock is quoted on the NASDAQ Capital Market under the symbol "ATLN," with the last reported sale price on August 21, 2025, being $3.96 per share.
- The Sticker Supplement discloses the release of 1,681,860 shares from escrow to specific Selling Shareholders, including Perri Sason, Jasck Bessman, Ofer E. Gabby Irrevocable Trust, Jeffrey Jagid, and Michael Tenore, as detailed in the attached Selling Shareholders table.
- The prospectus covers the resale of the maximum number of shares under a registration rights agreement with the Selling Shareholders.
- Selling Shareholders may sell all, some, or none of their shares in this offering.
- The prospectus and Sticker Supplement contain forward-looking statements regarding the company's operations, strategy, and financial position, which are subject to risks and uncertainties.
- The Sticker Supplement is not complete without and may not be used except in connection with the Prospectus.
The table below lists the beneficial ownership of the shares of common stock by the Selling Shareholders as of the date of this prospectus supplement:
- Pequod Consulting LLC (consultant retained by the company)
- Jeffrey Jagid (CEO and Director of the company)
- Michael Tenore (General Counsel of the company)
Investing in the company's securities involves risks, as detailed in the "Risk Factors" section of the Prospectus.
