Company: ALDA
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001548123-25-000017
Chunk: 7

Company: ATLANTICA INC
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 7
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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 of our securities or their affiliates. In this regard, 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. 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.

Although we currently have no plans to do so, depending on the nature and
extent of services rendered, we may compensate members of our management in the future for services that they may perform for us. Because
we currently have extremely limited resources, and we are unlikely to have any significant resources until we have determined a business
or enterprise to engage in or have completed a business combination, management expects that any such compensation would take the form
of an issuance of shares of our common stock to these persons; this would have the effect of further diluting the holdings of our other
stockholders. There are presently no preliminary agreements or understandings between us and members of our management respecting such
compensation. Any shares issued to members of our management would be required to be resold under an effective registration

statement filed with the SEC or could not
be publicly sold until 12 months after we file the Form 10 information about the business combination with the SEC as required by SEC
Form 8-K. These provisions could further inhibit our ability to complete any business combination where finders or others who may be
subject to these resale limitations refuse to provide us with any introductions or to close any such transactions unless they are paid
requested fees in cash rather than our shares or unless we agree to file a registration statement with the SEC that includes any shares
that are to be issued to them, at no cost to them. These expenses could limit potential acquisition candidates, especially those in need
of cash resources, and could affect the number of shares that our stockholders retain following any such transaction, by reason of the
increased expense.

Substantial fees are also often paid in connection with the completion
of all types of business combinations, ranging from a small amount to as much as