secwatch.observer — SEC 8-K summary
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Issuer:     International Land Alliance Inc. (ILAL)
CIK:        0001657214
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001493152-23-025590
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Land Alliance sells 3,100 Series C preferred shares at $100 each; warrants repriced to $0.07
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- Issued 3,100 Series C Convertible Preferred Shares at $100/share for working capital.
- Series C pays 12% annual cash dividend plus 8% in common stock; mandatory redemption at 110% of stated value.
- Conversion price is lower of $0.07 or 80% of 10-day VWAP; existing warrants repriced to $0.07.
- Investor receives 1,240,000 new warrants exercisable at $0.07 per share as consideration.
- Certificate of Designations filed with Wyoming Secretary of State authorizing up to 10,000 Series C shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657214/000149315223025590/0001493152-23-025590-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657214/000149315223025590/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-025590

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