International Land Alliance Secures 437000 Convertible Loan from Quick Capital LLC
International Land Alliance, Inc. has entered into a series of convertible promissory note agreements with Quick Capital LLC, totaling $436,666.67 in principal. The company received $347,100 in gross proceeds from these notes, after accounting for original issue discounts and legal fees. The notes bear a guaranteed annual interest rate of 12% and mature nine months from issuance. They are convertible into shares of the company's common stock at a price of $0.11 per share after 180 days, or, in the event of default, at the lower of $0.11 or 65% of the lowest trading price in the 20 days prior to conversion. The securities were sold to accredited investors under exemptions from registration pursuant to Section 4(a)(2) and Rule 506 of Regulation D of the Securities Act.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. International Land Alliance Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-017665), on October 10, 2025, and is solely responsible for the information contained therein.
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