Company: LRHC
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001213900-25-078012
Chunk: 44

Company: La Rosa Holdings Corp.
Filing Date: 2025-08-18
Form: 10-Q
Item: Item 1
Chunk 44
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, of the then outstanding shares of Series B Preferred Stock at a price equal to the
greater of (i) the Conversion Amount being redeemed and (ii) the product of (1) the Conversion Rate with respect to the Conversion Amount
being redeemed multiplied by (2) the greatest Closing Sale Price (as defined therein) of the Common Stock on any trading day during the
period commencing on the date immediately preceding the date of the Company’s notice to the holder(s) of Series B Preferred Stock
of such redemption and ending on the trading day immediately prior to the date the Company makes the entire redemption payment required
to be made under the Certificate of Designation.

Dividends

The Series B Preferred Stock bears no dividends.

Liquidation

In the event of a Liquidation Event (as defined
in the Certificate of Designation), the holders of the Series B Preferred Stock shall be entitled to receive in cash out of the assets
of the Company, whether from capital or from earnings available for distribution to its stockholders, before any amount shall be paid
to the holders of any shares of Common Stock, but pari passu with any parity stock then outstanding, an amount per share of Series B
Preferred stock equal to the greater of (A) 125% of the conversion amount and (B) the amount per share that such Series B Preferred Stock
holder would receive if converted into Common Stock immediately prior to the date of such payment.

Share Repurchase Program

On April 23, 2025, the Company’s Board
of Directors approved a new Share Repurchase Program, which authorizes the Company to purchase up to an aggregate of $500,000 of the
Company’s outstanding shares of common stock in the open market in accordance with all applicable securities laws and regulations.
Repurchases under this program may be made at management’s discretion at the time and in the amounts determined by the Chief Executive
Officer and Chief Operating Officer of the Company. The Share Repurchase Program has an expiration date of December 31, 2025.

Common
Stock Issuances  

On January 17, 2025, the Company issued 4,995
shares of common stock as an exercise of a prefunded warrant which was part of the securities purchase agreement with an institutional
accredited investor, Abri Advisors, Ltd., a corporation organized under the laws of Bermuda, agreed to on November 1, 2024.

On February 5, 2025, the Company issued the CEO
an aggregate of