International Land Alliance issues $385K convertible note
International Land Alliance, Inc. entered into a Securities Purchase Agreement with an accredited investor, issuing a convertible promissory note with aggregate principal up to $385,000 and a warrant for 48,125 common shares.
Rhea-AI Filing Summary
International Land Alliance, Inc. entered into a Securities Purchase Agreement with an accredited investor, issuing a convertible promissory note with aggregate principal up to $385,000 and a warrant for 48,125 common shares.
The note carries an original discount of $35,000, accrues 10% annual interest, matures 12 months from issuance, and is convertible at the lesser of $6.00 per share or 65% of the lowest traded price over the 20 trading days before conversion. The warrant has a $10.00 exercise price, a five‑year term, and allows cashless exercise. Shares issuable under the note and warrant have registration rights, and the securities were issued as unregistered offerings under Section 4(a)(2) and Rule 506 of Regulation D to accredited investors.
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Insights
Small convertible financing with discounted conversion and warrant coverage.
International Land Alliance agreed to a $385,000 convertible note with a $35,000 original discount, 10% interest, and 12‑month maturity. The investor also received a five‑year warrant for 48,125 common shares at $10.00 per share, with cashless exercise available.
The conversion formula uses the lesser of a fixed $6.00 price or 65% of the lowest traded price over 20 prior trading days, which can increase share issuance if the stock price falls. Actual dilution and cash impact depend on future conversions, warrant exercises, and any subsequent registration of the underlying shares.
8-K Event Classification
Key Figures
Key Terms
Securities Purchase Agreement financial
convertible promissory note financial
original discount financial
cashless exercise financial
accredited investors financial
Rule 506 of Regulation D financial
FAQ
What financing did International Land Alliance (ILAL) enter on May 19, 2026?
What are the key terms of International Land Alliance’s new convertible note?
What warrant did the investor receive from International Land Alliance (ILAL)?
How were the International Land Alliance note and warrant issued under securities laws?
AI-generated analysis. How Rhea-AI works. Not financial advice.