Company: ALDA
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001548123-25-000017
Chunk: 9

Company: ATLANTICA INC
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 9
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 There is no reasonable way to predict our competitive position or that of any other entity in
these endeavors; however, we, have limited assets and no cash reserves, will no doubt be at a competitive disadvantage in competing with
shell companies that have significant cash resources and have recent operating histories when compared with our lack of any substantive
operations for many years.

Effect of Existing or Probable Governmental Regulations on our Business

We are subject to the following regulations of the SEC and applicable securities
laws, rules and regulations:

Smaller Reporting Company

We are subject to the reporting requirements of Section 13 of the Securities
Exchange Act of 1934, as amended (the “ Exchange Act”), and subject to the disclosure requirements of Regulation S-K of the
SEC, as a “smaller reporting company.” That designation will relieve us of some of the informational requirements of Regulation
S-K applicable to larger companies.

Sarbanes/Oxley
Act

We are also subject to the Sarbanes/Oxley Act of 2002. The Sarbanes/Oxley
Act created a strong and independent accounting oversight board to oversee the conduct of auditors of public companies and strengthens
auditor independence. It also requires steps to enhance the direct responsibility of senior members of management for financial reporting
and for the quality of financial disclosures made by public companies; establishes clear statutory rules to limit, and to expose to public
view, possible conflicts of interest affecting securities analysts; creates guidelines for audit committee members’ appointment,
compensation and oversight of the work of public companies’ auditors; management's assessment of our internal controls; auditor
attestation to management’s conclusions about internal controls; prohibits certain insider trading during pension fund blackout
periods; requires companies and auditors to evaluate internal controls and procedures; and establishes a federal crime of securities fraud,
among other provisions. Compliance with the requirements of the Sarbanes/Oxley Act has substantially increased our legal and accounting
costs.

Exchange Act Reporting Requirements

Section 14(a) of the Exchange Act requires all companies with securities
registered pursuant to Section 12(g) of the Exchange Act to comply with the rules and regulations of the SEC regarding proxy solicitations,
as outlined in Regulation 14A. Matters submitted to stockholders at special or annual meetings thereof or pursuant to a written consent
will require us to provide our stockholders with the information outlined in Schedules 14A or 14C of Regulation 14; preliminary copies
of this information must be submitted to