ILAL 1-for-50 Reverse Stock Split; Authorized Shares Increased
International Land Alliance Inc. (ILAL) effected a 1-for-50 reverse stock split on February 4, 2026, following an increase in authorized common stock from 150 million to 250 million shares on June 19, 2025. The residential land development company, operating in Baja California, Mexico, and Southern California, also completed significant acquisitions, including the remaining 75% interest in Rancho Costa Verde Development for $13.5 million in January 2023 and 300 acres adjacent to Rancho Costa Verde for $1.65 million in December 2025. The company faces substantial doubt about its ability to continue as a going concern, reporting an accumulated deficit of $38.4 million and a net loss of $14.3 million for the year ended December 31, 2025.
Key Highlights
- Effected 1-for-50 reverse stock split on February 4, 2026.
- Increased authorized common stock from 150 million to 250 million shares on June 19, 2025.
- Acquired remaining 75% interest in Rancho Costa Verde Development for $13.5 million in January 2023.
- Acquired 300 acres adjacent to Rancho Costa Verde for $1.65 million in December 2025.
- Reported accumulated deficit of $38.4 million as of December 31, 2025.
- Incurred net loss of $14.3 million for the year ended December 31, 2025.
- Acquired 80 acres of land and two structures in Hemet, California for $1.1 million in March 2019.