Company: ALDA
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001548123-25-000035
Chunk: 11

Company: ATLANTICA INC
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 11
---
, 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 any such fees are paid, they may
become a factor in negotiations regarding any potential acquisition or merger by our Company 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 contained in our Annual Report on Form 10-K for the year ended December 31, 2008, and
a copy of that agreement included in Part IV, Item 15 of that Report, with respect to, among other things, certain cash fees that may
be payable by us to Richland in connection with future financings and business combinations by us.

Results of Operations

Three
Months Ended March 31, 2025 Compared to Three Months Ended March 31, 2024

The Company had no operations during the quarterly
period ended March 31, 2025, nor do we have operations as of the date of this filing. General and administrative expenses were $45,756
for the quarterly period ended March 31, 2025, compared to $