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

Company: ATLANTICA INC
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 10
---
 the SEC at least 10 days prior to the date that definitive copies of this information are forwarded
to our stockholders.

We are also required to file Annual Reports on SEC Form 10-K and Quarterly
Reports on SEC Form 10-Q with the SEC on a regular basis, and will be required to timely disclose certain material events (e. g., changes
in corporate control; acquisitions or dispositions of a significant amount of assets other than in the ordinary course of business; and
bankruptcy) in a Current Report on SEC Form 8-K.

Emerging Growth Company

We are an “emerging growth company” as defined in the Jumpstart
Our Business Startups Act of 2012, or “ JOBS Act.” As long as we remain an “emerging growth company,” we may take
advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not an “emerging
growth company,” like those applicable to a “smaller reporting company,” including, but not limited to, a scaled down
description of our business in Securities and Exchange Commission filings; no requirements to include risk factors in Exchange Act filings;
no requirement to include certain selected financial data and supplementary financial information in Securities and Exchange Commission
filings; not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act; reduced disclosure
obligations regarding executive compensation in our periodic reports and proxy statements that we file under the Exchange Act; no requirement
for Sarbanes-Oxley Act Section 404(b) auditor attestations of internal control over financial reporting; and exemptions from the requirements
of holding an annual nonbinding advisory vote on executive compensation and seeking nonbinding stockholder approval of any golden parachute
payments not previously approved. We are also only required to file audited financial statements for the previous two fiscal years when
filing registration statements, together with reviewed financial statements of any applicable subsequent quarter.

We may take advantage of these reporting exemptions until we are no longer
an “emerging growth company.” We can remain an “emerging growth company” for up to five years. We would cease
to be an “emerging growth company” prior to such time if we have total annual gross revenues of $1 billion or more and when
we become a “larger accelerated filer,” have a public float of $700 million or more or we issue more than $1 billion of non-convertible
debt over a three-year