other material
confidence high
sentiment neutral
materiality 0.55
ILAL raises $2.0M in private placement; 3M shares at $0.68, warrants attached
International Land Alliance Inc.
- Entered purchase agreement for 3M shares at $0.68/share, plus 3M warrants at $0.68, raising ~$2.0M gross.
- Warrants immediately exercisable, expire in 5.5 years.
- Placement agent H.C. Wainwright receives 8% cash fee, 1% mgmt fee, and 180K placement agent warrants at $0.85.
- Proceeds to accelerate development at luxury communities in Baja California, including infrastructure and condominiums; also debt retirement and working capital.
- Registration rights agreement requires filing resale registration statement within 30 days.