Company: LAAI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006093
Chunk: 14

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 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. This will require review of financials, products and management of the merger candidate. We anticipate the review process
could take up to 30 days after a viable candidate is located.

On June 2, 2025, the Company’s board of
directors and the shareholders holding a majority of the voting power of the Company approved by written consent, the changing the name
of the Company from “Vestiage, Inc.” to “Loan Artificial Intelligence Corp.” and a reverse stock split of all
of the issued and outstanding shares of Common Stock of the Company on a 1- for-800 basis, such that each issued and outstanding 800
shares of Common Stock shall become 1 share of Common Stock (the “Reverse Stock Split”). The Company is awaiting announcement
by FINRA of the effectiveness of these actions.

Results of Operations

The financial statements appearing elsewhere in
this report have been prepared assuming the Company will continue as a going concern. The Company was recently formed and has not established
sufficient operations or revenues to sustain the Company. These conditions raise substantial doubt about the Company’s ability to
continue as a going concern.

The following table provides selected balance
sheet data for our Company at June 30, 2025 (unaudited) and December 31, 2024:

    March 31,  2024  
    December 31,  2024 
  
    Balance Sheet Data 

    Cash 
    $–  
    $–