Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 49

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 49
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 SEC and commenced mailing the definitive information statement to stockholders of record
as of the close of business on July 9, 2025. Such stockholders’ approval and the Second Amended 2022 Plan became effective on August
11, 2025.

27

La
Rosa Holdings Corp. and Subsidiaries
Notes to the Unaudited Condensed Consolidated Financial Statements

Reverse
Split

On July 2, 2025, the Company filed a Certificate
of Amendment to the Company’s Amended and Restated Articles of Incorporation, as amended (the “Articles of Incorporation”),
with the Secretary of State of Nevada to effect an 1-for-80 reverse stock split of the shares of the Company’s common
stock, issued and outstanding, effective as of 12:01 a.m. EST on July 7, 2025, (the “Reverse Stock Split”).

As
a result of the Reverse Stock Split, every eighty shares of issued and outstanding common stock were automatically combined into one
issued and outstanding share of common stock. No fractional shares were issued as a result of the Reverse Stock Split, fractional entitlements
were rounded up to the next whole number. The Reverse Stock Split reduced the number of shares of common stock outstanding from 58,323,795
shares to 729,113 shares. The number of authorized shares of common stock under the Articles of Incorporation remained unchanged
at 2,050,000,000 shares and the par value of the common stock remained $0.0001 per share. The split also brought the Company back into
a “Controlled Company” Status with the CEO owning more than 50% of the voting power.

Series
B Preferred Stock

On
June 18, 2025, with the prior approval by the Company’s Board of Directors, the Company and the Investor entered into, and closed
the transactions contemplated by, that certain Amendment and Exchange Agreement (the “Exchange Agreement”) pursuant to which
(among other things) the Investor surrendered and exchanged all of its Incremental Warrants in exchange for (the “Exchange”)
6,000 shares of the Company’s Series B Convertible Preferred Stock, par value $0.0001 per share (“Series B Preferred Stock”).
On the same date, the Company filed a Certificate of Designation of Rights and Preferences of the Series B Preferred Stock (the “Certificate
of Designation”) with the Secretary of State of Nevada.