International Land Alliance Secures 437000 Convertible Loan from Quick Capital LLC

Reuters
Oct 10, 2025
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.

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