Company: LRHC
Filing Date: 2025-06-27
Form Type: S-1/A
Source: 0001213900-25-058528
Chunk: 12

Company: La Rosa Holdings Corp.
Filing Date: 2025-06-27
Form: S-1/A
Chunk 12
---
 closing price of the common stock on Nasdaq.

Certain Future Corporate Actions

On February 4, 2025, our Board of Directors,
and the majority stockholders approved the amendment (the “Reverse Stock Split Amendment”) to the Amended and Restated Articles
of Incorporation of the Company to provide for a reverse stock split (the “Reverse Stock Split”) of the common stock of the
Company at a ratio ranging from one for two (1:2) to one for one hundred (1:100) (the “Split Ratio Range”), the final determination
of which shall be made by the Board of Directors, and the authorization to the Board of Directors to effect the Reverse Stock Split at
their discretion. As of the date hereof, the Reverse Stock Split was not effected by the Company.

On February 4, 2025, our Board of Directors,
and the majority stockholders approved the Certificate of Amendment to the Company’s Amended and Restated Articles of Incorporation
to increase the number of the Company’s authorized shares of common stock to two billion (2,000,000,000) shares of common stock,
and to restate Sections 3.01 and 3.02 thereof to reflect such increase. Such an increase became effective on June 2, 2025.

Change in Controlled Company Status

As of December 31, 2024, the Company qualified
as a “controlled company” because more than 50% of the voting power for the election of directors was held by Joseph La Rosa,
our Chief Executive Officer and Chairman. As a result of certain sales under the Company’s previously announced at-the-market offering,
starting April 16, 2025 Mr. La Rosa no longer holds more than 50% of the voting power for the election of directors. As a result, the
Company is no longer considered a “controlled company” for the purposes of the listing requirements of the Nasdaq Capital
Market. Since the Company did not avail itself of certain of the controlled company exemptions afforded by Nasdaq to controlled companies,
such change in the Company’s status did not result in any corporate governance changes for the Company.

Stock 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