secwatch.observer — SEC 8-K summary
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Issuer:     International Land Alliance Inc. (ILAL)
CIK:        0001657214
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0001493152-23-000980
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657214/000149315223000980/0001493152-23-000980-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657214/000149315223000980/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-000980

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