Current Report Filing (8-k)
02 March 2023 - 9:29AM
Edgar (US Regulatory)
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0001657214
2023-02-28
2023-02-28
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (date of earliest event reported): February 28, 2023
International
Land Alliance, Inc.
(Exact
name of registrant as specified in charter)
Wyoming
(State
or other jurisdiction of incorporation)
333-209484 |
|
46-3752361 |
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
350
10th Avenue, Suite 1000
San
Diego, CA 92101
(Address
of principal executive offices and zip code)
(877)
661-4811
(Registrant’s
telephone number including area code)
N/A
(Former
Name and Former Address)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any
of the following provisions:
|
☐ |
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act: None
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
8.01. Other Events.
On
February 24, 2023, International Land Alliance, Inc. (the “Company”) received an independent appraisal by EMCO Hannover
Group. The Appraisal indicated an underlying market value of $53,000,000, given its 6 properties in various stages of residential development
and sale.
In
determining its underlying value, a Residential Market Capitalization Rate (“CAP”) of 6.31% was used versus the Southern
California Market rate of 4.89%.
Item
9.01 Financial Statements and Exhibits.
|
(d) |
Exhibits. |
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The following exhibits are filed with this
Current Report on Form 8-K: |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated:
March 1, 2023 |
INTERNATIONAL
LAND ALLIANCE, INC. |
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By: |
/s/
Jason Sunstein |
|
Name: |
Jason
Sunstein |
|
Title: |
Chief
Financial Officer |
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