Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 173

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 2
Chunk 173
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 Company than those of completed acquisitions.

Recent Developments

Nasdaq Notice Regarding Minimum Bid Price Requirement

On October 10, 2024, we received a letter from
the Nasdaq Listing Qualifications Department notifying us that, for the 30 consecutive business day period between August 28, 2024 through
October 9, 2024, our common stock had not maintained a minimum closing bid price of $1.00 per share required for continued listing on
The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). Pursuant to Nasdaq Listing Rule
5810(c)(3)(A), the Company was provided an initial period of 180 calendar days, or until April 8, 2025 (the “Compliance Period”),
to regain compliance with the Bid Price Rule. In order to regain compliance with the Bid Price Rule, our common stock was required to
maintain a minimum closing bid price of $1.00 for a minimum of ten consecutive business days during the Compliance Period prior to April
9, 2025.

As of April 8, 2025, the common stock has not
regained compliance with the Bid Price Rule. However, in a letter dated April 9, 2025 (the “Second Nasdaq Bid Price Letter”),
Nasdaq notified the Company that Nasdaq’s Staff has determined that the Company is eligible for an additional 180 calendar day period,
or until October 6, 2025, to regain compliance (the “Second Compliance Period”). As of the date of this report our common
stock has not regained compliance with the Bid Price Rule. If the Company chooses to implement a reverse stock split, it must complete
the split no later than ten business days prior to the end of the Second Compliance Period in order to timely regain compliance. If we
fail to regain compliance with the Bid Price Rule within the Second Compliance Period, or if we fail to continue to meet all applicable
continued listing requirements for Nasdaq in the future, Nasdaq could delist our securities.

The Second Nasdaq Bid Price Letter has no immediate
effect on the listing or trading of the common stock. Our common stock continues to be listed on the Nasdaq Capital Market under the symbol
“LRHC”. We are currently evaluating our options for regaining compliance.

Nasdaq Notice Regarding Filing Deficiency

On May 21, 2025, the Company also received a