---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-000980"
form_type: "8-K"
ticker: "ILAL"
cik: "0001657214"
company_name: "International Land Alliance Inc."
filed_at: "2023-01-09T23:59:59+00:00"
generated_at: "2026-06-20T17:55:45.134564+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ILAL acquires remaining 75% of Rancho Costa Verde Development for $13.5M

## Summary
- Consideration: $8.9M secured convertible note (quarterly $2.225M at 5%, due Mar 2024), 20M shares, 33M warrants at $0.10/5yr.
- RCVD is a 1,100-acre, 1,400-lot master planned community in Baja California; over 1,000 lots sold and 55 homes built.
- In last 12 months: 67 lots sold (~$2.2M gross lot sales) and 22 homes under contract (~$4.5M).
- Employment agreements to be executed with Seller principals.

## SEC filing metadata
- accession: 0001493152-23-000980
- form_type: 8-K
- ticker: ILAL
- cik: 0001657214
- company_name: International Land Alliance Inc.
- filed_at: 2023-01-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1657214/000149315223000980/0001493152-23-000980-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1657214/000149315223000980/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-000980
- JSON: https://secwatch.observer/filing/0001493152-23-000980.json
- Plain text: https://secwatch.observer/filing/0001493152-23-000980.txt

## Key facts
- Material Agreements
  International Land Alliance Inc. entered into Securities Purchase Agreement with International Real Estate Development, LLC valued at $13.5 million (effective 2023-01-03).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: International Real Estate Development, LLC
  - Value: $13.5 million
  - Effective: 2023-01-03
  source text: On January 3, 2023, the Company, executed a definitive Securities Purchase Agreement (the “Agreement”) to acquire the remaining 75% of the membership interests of Rancho Costa Verde Development, LLC (the “Membership Interests”) from International Real Estate Development, LLC (“Seller”) for $13.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1657214/000149315223000980/0001493152-23-000980-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.