Investment in International Land Alliance Series B Preferred Stock
Company: CleanSpark
The claim, verbatim
On November 6, 2019, CleanSpark purchased 1,000 shares of Series B Preferred Stock from International Land Alliance, Inc. for $500,000. As part of the transaction, ILAL committed to issuing 350,000 shares of its 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: “the Company entered into a Securities Purchase Agreement, dated as of November 6, 2019, with ILAL (the "SPA"). 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
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Additional evidence
confirms CleanSpark 10-K filed 2019-12-16
Quote: “the Company entered into a Securities Purchase Agreement, dated as of November 6, 2019, with ILAL (the "SPA"). 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.”