Company: LAAI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001683168-25-003680
Chunk: 40

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 40
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 or adequately evaluate adverse
facts about the opportunity to be acquired. Additionally, we will be competing against other entities that may have greater financial,
technical, and managerial capabilities for identifying and completing our business plan.

We are unable to predict
when we will, if ever, identify and implement a business plan. We anticipate that proposed business plan would be made available to us
through personal contacts of our directors, officers and principal stockholders, professional advisors, broker-dealers, venture capitalists,
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 introduce the Company to business opportunities in which we participate.

We expect that our due
diligence will encompass, among other things, meetings with incumbent management of the target business and inspection of its facilities,
as necessary, as well as a review of financial and other information, which is made available to the Company. This due diligence review
will be conducted either by our management or by third parties we may engage. We anticipate that we may rely on the issuance of our common
stock in lieu of cash payments for services or expenses related to any analysis.

We may incur time and
costs required to select and evaluate our business structure and complete our business plan, which cannot presently be determined with
any degree of certainty. Any costs incurred with respect to the indemnification and evaluation of a prospective business that is not ultimately
completed may result in a loss to the Company. These fees may include legal costs, accounting costs, finder’s fees, consultant’s
fees and other related expenses. We have no present arrangements for any of these types of fees.

We anticipate that the
investigation of specific business opportunities and the negotiation, drafting and execution of relevant agreements, disclosure documents
and other instruments will require substantial management time and attention and substantial cost for accountants, attorneys, consultants,
and others. Costs may be incurred in the investigation process, which may not be recoverable. Furthermore, even if an agreement is reached
for the participation in a specific business opportunity, the failure to consummate that transaction may result in a loss to the Company
of the related costs incurred.

As of the time of this filing, the Company has
not implemented a business combination. Our business plan is to merge with, or acquire, an operating entity that offers product or service
growth potential. We are actively looking for a suitable merger candidate and evaluating potential target companies that align with our
business plan.