Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 431

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 431
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 for 2,446,634 shares
of common stock of the Company (assuming a cash exercise of the warrants), entered into a warrant redemption and cancellation agreement
(the “Redemption Agreement”).The Company and the Holder entered into the securities purchase agreements dated April
1, 2024, and July 16, 2024, respectively (the “Agreements”), pursuant to which the Company issued the Warrants.

Pursuant to the Redemption Agreement, the Company paid to the
Holder $379,082.79 (the “Redemption Price”) in consideration of the redemption and cancellation of the 100% of the
Warrants. Upon the Holder’s receipt of the Redemption Price, the Warrants were redeemed, cancelled and terminated in full.  

F-38

Additionally, the Company and the Holder confirmed in the Redemption
Agreement, that prior to January 22, 2025, (1) the First Warrants (as defined in the Agreements) issued by the Company to the Holder in
February 2024 and July 2024 were fully exercised by the Holder, and (2) the Second Warrant (as defined in the Agreement) issued by the
Company to the Holder in February 2024 was cancelled and extinguished in its entirety due to the full repayment of the Note (as defined
in such warrant).

Securities Purchase Agreement

On February 4, 2025 (the “Closing Date”), the Company and
an institutional investor (the “Investor”) entered into a Securities Purchase Agreement (the “SPA”), pursuant
to which the Company issued to the Investor: (i) a Senior Secured Convertible Note in the original principal amount of $5,500,000 which
matures on February 4, 2027 (the “Initial Note”); and (ii) sixteen (16) warrants (“Incremental Warrants”), each
to purchase additional Notes in an original principal amount up to $2,500,000 at an exercise price of $2,256,250, in substantially the
same form as the Initial Note (“Incremental Notes” and together with the Initial Note, the “Notes”). The purchase
price paid by the Investor under the SPA for the Initial Note and Incremental Warrants was $4,963,750.

The $4,963,750 in gross proceeds from the offering was used by the
Company to pay-off certain indebtedness of the Company, pay certain outstanding fees and expenses (including expenses of the