Company: ALDA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001548123-25-000049
Chunk: 10

Company: ATLANTICA INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 no past track record, the profitability of any such entity will be unproven and cannot
be predicted with any certainty.

Our management will attempt to meet personally with
management and key personnel of any entity providing any potential business opportunity afforded to our Company, visit and inspect material
facilities, obtain independent analysis or verification of information provided and gathered, check references of management and key personnel
and conduct other reasonably prudent measures calculated to ensure a reasonably thorough review of any particular business opportunity;
however, due to time constraints of management, these activities may be limited.

We are unable to predict the time as to when and if
we may actually participate in any specific business endeavor. We anticipate that proposed business ventures will be made available to
us through personal contacts of directors, executive officers and principal stockholders, professional advisors, broker dealers in securities,
venture capital personnel, members of the financial community and others who may present unsolicited proposals. In certain cases, we may
agree to pay a finder’s fee or to otherwise compensate the persons who submit a potential business endeavor in which we eventually
participate. Such persons may include our directors, executive officers and beneficial owners our securities or their affiliates. In this
regard, see the description of our Management Services Agreement with Richland, Gordon & Company contained in Note 6 to the Unaudited
Financial Statements dated March 31, 2018 in Part I, Item 1. In this event, such fees may become a factor in negotiations regarding any
potential venture and, accordingly, may present a conflict of interest for such individuals.

Substantial fees are often paid in connection with
the completion of all types of acquisitions, reorganizations or mergers, ranging from a small amount to as much as $400,000 or more. These
fees are usually divided among promoters or founders, after deduction of legal, accounting and other related expenses, and it is not unusual
for a portion of these fees to be paid to members of management or to principal stockholders as consideration for their agreement to retire
a portion of the shares of common stock owned by them. Members of management may actively negotiate or otherwise consent to the purchase
of all or any portion of their common stock as a condition to, or in connection with, a proposed reorganization, merger or acquisition.
It is not anticipated that any such opportunity will be afforded to other stockholders or that such other stockholders will be afforded
the opportunity to approve or consent to any particular stock buy-out transaction. In the event that