Company: ALDA
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001548123-25-000017
Chunk: 4

Company: ATLANTICA INC
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 4
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 “going concern” engaged in any industry selected. We are unable to predict the
time as to when and if we may actually participate in any specific business endeavor, and we will be unable to do so until we determine
any particular industry in which we may conduct business operations.

We are not currently engaged in any substantive business activity except
the search for potential assets, property or businesses to acquire, and we have no current plans to engage in any other activity in the
foreseeable future unless and until we complete any such acquisition. In our present form, we are deemed to be a “shell company”
seeking to acquire or merge with a business or company. We do not intend to restrict our search for business opportunities to any particular
business or industry, and the areas in which we will seek out business opportunities may include all lawful businesses. We recognize that
the number of suitable potential business ventures that may be available to us will be extremely limited, and may be restricted to businesses
or entities that desire to become a publicly-held company while avoiding what many may deem to be the adverse factors related to an initial
public offering (“ IPO”) as a method of “going public.” The most prevalent of these factors include the substantial
time requirements, legal and accounting costs, the inability to obtain an underwriter who is willing to publicly offer and sell securities
on behalf of the particular entity, the lack of or the inability to obtain the required financial statements for such an undertaking,
state limitations on the amount of dilution to public investors in comparison to the stockholders of any such entity, along with other
conditions or requirements imposed by various federal and state securities laws, rules and regulations and federal and state agencies
that implement them.

Amendments to SEC Form 8-K regarding shell companies and transactions
with shell companies require the filing of all information about an acquired company that would have been required to have been filed
had any such company filed a Form 10 Registration Statement with the SEC, along with required audited, interim and proforma financial
statements, within four business days of the closing of any such transaction (Item 5.01(a)(8) of Form 8-K); and the recent amendments
to Rule 144 (“ Rule 144”) of the Securities Act of 1933, as amended (the “ Securities Act”) adopted by the SEC that
were effective on February 15, 2008, that limit the resale of most securities of shell companies until 12 months after the filing of such
information