Company: LRHC
Filing Date: 2025-06-03
Form Type: S-1/A
Source: 0001213900-25-050886
Chunk: 32

Company: La Rosa Holdings Corp.
Filing Date: 2025-06-03
Form: S-1/A
Chunk 32
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 on the two-year anniversary
of the Closing Date (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 Incremental Warrants
and Initial Note were issued to the Seller Stockholder on the Closing Date. The purchase price paid by the Selling Stockholder under the
SPA for the Initial Note and Incremental Warrants is $4,963,750, which has been or may be used by the Company to pay-off certain indebtedness,
pay certain outstanding fees and expenses, acquisitions and general corporate purposes. The Company also granted the Selling Stockholder
registration rights in the shares of common stock offered hereby under the Registration Rights Agreement (as defined below).

Pursuant to the terms of the SPA, the Company
is required, as promptly as practicable but prior to the sixtieth (60th) calendar day after the Closing Date, to obtain the prior written
consent of the requisite shareholders (the “Stockholder Consent”) to obtain the Stockholder Approval (as defined below) and
inform the shareholders of the Company of the receipt of the Stockholder Consent by preparing and filing with the SEC an information statement
with respect thereto. The Company has heretofore obtained the Stockholder Consent from the majority stockholders of the Company, which
approves the following matters (collectively, the “Stockholder Approval”): (i) the issuance of the Initial Note, the Incremental
Warrants, the Incremental Notes, and all Conversion Shares and Incremental Conversion Shares (as defined below) in excess of 19.99% of
the Company’s issued and outstanding common stock at a price less than the minimum price required by Nasdaq, in compliance with
the rules and regulations thereof; (ii) authorization to complete a reverse split of the common stock; and (iii) authorization to increase
the authorized common stock of the Company to ensure that the number of authorized shares is sufficient to meet the Required Reserve Amount
(as defined in the SPA). The Stockholder Consent will not become effective until twenty (20) calendar days after such information statement
is first mailed or otherwise delivered to holders of common stock as of the relevant record date.

The SPA contained customary representations and