Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
International Land Alliance Inc.: Filed Certificate of Designations for Series C Convertible Preferred Stock, authorizing up to 10,000 shares with specific dividend and conversion rights, senior liquidation preference, and mandatory partial redemption at 110% of stated value (effective 2023-06-27).
- Change
- charter amendment
- Effective
- 2023-06-27
Exact text from the filing
On June 27, 2023, the Company filed a Certificate of Designations, Preferences and Rights of the Series C Shares with the Wyoming Secretary of State (the “Certificate of Designations”), authorizing the issuance of up to 10,000 Series C Shares, par value $0.001 per share, each having a stated value equal to $100.00 (the “Stated Value”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
International Land Alliance Inc. entered into Purchase Agreement with a certain investor valued at $310,000 (3,100 shares of Series C Convertible Preferred Stock at a price per share of $100) (effective 2023-06-02).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- a certain investor
- Value
- $310,000 (3,100 shares of Series C Convertible Preferred Stock at a price per share of $100)
- Effective
- 2023-06-02
Exact text from the filing
On June 2, 2023, International Land Alliance, Inc., a Wyoming corporation (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with a certain investor (the “Purchaser”). Pursuant to the Purchase Agreement, the Purchaser agreed to purchase, and the Company agreed to sell and issue to the Purchaser, 3,100 shares of Series C Convertible Preferred Stock (the “Series C Shares”) at a price per share of $100.
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