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International Land Alliance Inc. (OTC:ILAL), a developer of land subdivisions, has amended its corporate structure to significantly increase its authorized common stock. On Monday, the company filed an amendment with the Wyoming Secretary of State to raise the number of authorized shares of its common stock from 150 million to 250 million.
The San Diego-based company, which operates in the real estate and construction sector, has not provided details on the intended use of the additional authorized shares. This move could potentially facilitate various corporate activities such as fundraising, stock-based compensation, acquisitions, or other strategic transactions.
The amendment to the Articles of Incorporation was filed on March 20, 2025, and the information was disclosed in a recent 8-K filing with the U.S. Securities and Exchange Commission (SEC). The Certificate of Amendment, attached as Exhibit 3.1 in the SEC filing, formalizes the change.
Stockholders and potential investors may be attentive to how International Land Alliance will leverage the increased share authorization to support its growth strategies and operational needs.
Shares of International Land Alliance are traded on the OTC Markets Group’s OTCQB, a trading platform for early-stage and developing U.S. and international companies.
The company has not made any further statements regarding the timing or reasons behind the increase in authorized shares. The Certificate of Amendment to the Articles of Incorporation is available for review in the SEC filing, which serves as the source of this information.
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