Company: ALDA
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001548123-25-000017
Chunk: 8

Company: ATLANTICA INC
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 8
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 $400,000 or more. These fees are usually divided among
promoters or founders or finders, 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 their shares of common stock or as consideration to them to provide an indemnification for all of our prior liabilities. Members of
management may also actively negotiate or otherwise consent to the purchase of all or any portion of their shares of common stock as a
condition to, or in connection with, a proposed business combination. 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 any such fees are paid or shares are purchased, these requirements may become a factor in negotiations
regarding any business combination with us and, accordingly, may also present a conflict of interest for such individuals. Any of these
types of fees that are paid in shares of our common stock will also be subject to the resale limitations embodied in Rule 144 that prohibit,
among other requirements, the public resale of these shares until 12 months after the filing of the Form 10 information with the SEC.
We have no present arrangements or understandings respecting any of these types of fees or opportunities, other than pursuant to our management
services agreement with Richland, Gordon & Company. See the description of our management services agreement with Richland, Gordon
& Company contained in Part III, Item 13 of this Report, and a copy of that agreement included in Part IV, Item 15 of this Report,
with respect to, among other things, certain cash fees that may be payable by us to Richland, Gordon in connection with future financings
and business combinations by us.

Atlantica, Inc. does not have a web site.

Competitive Business Conditions and Our Competitive Position in the
Industry and Methods of Competition

Management believes that there are literally thousands of shell companies
engaged in endeavors similar to those engaged in by us; many of these companies have substantial current assets and cash reserves. Competitors
also include thousands of other publicly-held companies whose business operations have proven unsuccessful, and whose only viable business
opportunity is that of providing a publicly-held vehicle through which a private entity may have access to the public capital markets
via a reverse reorganization or merger.