International Land Alliance Inc.: insider trades · United States · SEC (Form 4)

About International Land Alliance Inc.

International Land Alliance, Inc. (ticker: ILAL) is a U.S.-based real estate microcap with its shares followed in the U.S. small-cap/OTC ecosystem rather than on NYSE or NASDAQ. The company was incorporated in Wyoming on September 26, 2013, and its principal office is in San Diego, California, with Mexico operations in Tijuana. ILAL’s core model is residential land development: it acquires land, secures zoning and entitlement approvals, arranges project financing, builds out infrastructure and amenities, and then sells lots to homebuyers, retirees, investors, and commercial developers. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1657214/000149315226019199/form10-k.htm?utm_source=openai)) From a business-model perspective, ILAL is more of a land developer than a traditional homebuilder. SEC filings describe target properties in Northern Baja California, Mexico, and Southern California, which gives the company a cross-border footprint and a niche focus on subdividable residential and commercial building plots. That positioning can create value where land supply is constrained and entitlement expertise matters, but it also means execution risk is high and cash generation can be uneven. In that sense, ILAL should be viewed as a specialized land-development platform rather than a diversified real-estate operating company. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1657214/000149315226019199/form10-k.htm?utm_source=openai)) Competitive positioning is narrow but distinctive. The company competes in a small, opportunistic segment of the real-estate market where access to land, permitting, infrastructure development, and local execution are key differentiators. Relative to larger listed developers, ILAL lacks scale, liquidity, and balance-sheet depth; however, its cross-border focus and land-centric model may allow it to pursue projects that larger players might ignore. For investors in France, Belgium, or Switzerland, this makes ILAL a higher-risk, event-driven real estate name with potentially high operating leverage, but also elevated financing, regulatory, and dilution risk. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1657214/000149315226019199/form10-k.htm?utm_source=openai)) Recent developments suggest an active but financially pressured story. In 2025, the company reported record revenue in connection with its audited annual results, yet subsequent SEC filings and company announcements point to continued capital-structure adjustments, including financing transactions, amendments to convertible securities, and a reverse split effective in February 2026. ILAL also disclosed that it was unable to file its 2025 Form 10-K on time because the independent auditor had not completed the audit. In January 2026, the company said it had engaged Buis & Co. as an M&A advisor to help evaluate strategic alternatives and fundraising opportunities. Collectively, these events indicate a company that is operationally active but still working through financing and reporting challenges. ([globenewswire.com](https://www.globenewswire.com/news-release/2025/05/22/3086524/0/en/International-Land-Alliance-FY24-Audit-Report-Confirms-Record-Revenues-Reported-in-March.html?utm_source=openai))