Investment in International Land Alliance Series B Preferred Stock
Company: CleanSpark
The claim, verbatim
CleanSpark purchased 1,000 shares of Series B Preferred Stock of International Land Alliance, Inc. for $500,000, and ILAL will issue 350,000 shares of common stock to CleanSpark as commitment shares.
Source (primary)
CleanSpark 10-K filed 2019-12-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Pursuant to the terms of the SPA, ILAL sold, and the Company purchased 1,000 shares of Series B Preferred Stock (the "Preferred Stock") of ILAL for an aggregate purchase price of US $500,000.00 (the "Stock Transaction"), less certain expenses and fees. In connection with the Stock Transaction, ILAL will issue 350,000 shares of its common stock to the Company as commitment shares.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The filing states the share count, the $500,000 aggregate price and the 350,000 commitment shares.
Confirmed in the source:
- CleanSpark purchased 1,000 shares of ILAL Series B Preferred Stock
- The aggregate purchase price was $500,000, less certain expenses and fees
- ILAL will issue 350,000 shares of its common stock to CleanSpark as commitment shares
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357719000420/clsk.htm) in full (282,479 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-K filed 2019-12-16
Quote: “Pursuant to the terms of the SPA, ILAL sold, and the Company purchased 1,000 shares of Series B Preferred Stock (the "Preferred Stock") of ILAL for an aggregate purchase price of US $500,000.00 (the "Stock Transaction"), less certain expenses and fees. In connection with the Stock Transaction, ILAL will issue 350,000 shares of its common stock to the Company as commitment shares.”