Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 348

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 348
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 the issuance of a 13% senior secured promissory note with a principal
amount of $1,052,632 and a purchase price of $1,000,000 after an original issue discount of $52,632. The note was convertible into shares
of our Common Stock at the option of the lender. In addition, on April 1, 2024, we entered into securities purchase agreement with the
same accredited investor for the issuance of a 13% senior secured promissory note with a principal amount of $1,316,000 and a purchase
price of $1,250,200 after an original issue discount of $65,800. The note was convertible into shares of our Common Stock at the option
of the lender. The two promissory notes began amortizing five months after the date of each loan, with full maturity occurring twelve
months after the date of each loan.

In May 2024, we entered into a standard merchant cash advance agreement
with Cedar Advance LLC (“Cedar”) where we sold in the aggregate $761,250 in future receipts of the Company for $500,000. Until
the purchase price has been repaid, the Company agreed to pay Cedar $23,000 per week.

In July 2024, we received
$444,600 in net proceeds, excluding debt issuance costs of approximately $25,000, through our private sale of a 13% OID senior secured
promissory note in the principal amount of $468,000 for a purchase price of $444,600 to the same accredited investor in our February 2024
and April 2024 private placements.

In August 2024, we received $725,000 in net proceeds, excluding equity
issuance costs of approximately $25,000, by issuing 761,689 shares of Common stock and a pre-funded warrant to purchase 509,498 shares
of Common stock pursuant to a securities purchase agreement with an institutional accredited investor, Brown Stone Capital Ltd., at a
price equal to $0.59 per share.

In September 2024, we entered into a promissory note for the principal
amount of $200,000. The promissory note bore interest at 12.5% per annum. The note is payable in three monthly installments of $75,000,
beginning on November 1, 2024, with subsequent payments due on December 1, 2024, and January 1, 202