Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 110

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 8
Chunk 110
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14, 2022 and December 2, 2022, respectively,
included full ratchet antidilutive protections. The original warrants each covered 50,000 shares at a strike price of $5.00. By the end
of 2024, due to various debt and equity transactions the new strike price on these warrants became $0.37, resulting in the number of shares
covered by each warrant to increase to 667,913, and a 2024 deemed dividend of $1,476,044. In the first quarter of 2025, the warrants were
revalued due to equity transactions triggering the ratchet antidilutive protections bringing the strike price of these warrants down to
$0.19 resulting in the number of shares covered by each warrant to increase to 1,331,913, and a 2025 deemed dividend of $186,233.

At March 31, 2025, warrants outstanding that have vested and are expected
to vest are as follows:

              Weighted                  Average              Weighted   Remaining              Average   Contractual   Aggregate      Number of   Exercise   Life   Intrinsic      Shares   Price   (in years)   Value   Vested    2,774,879   $0.58    2.7   $—   Expected to vest   —    —    —    —   Total    2,774,879   $0.58    2.7   $—  

17

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

Additional information with respect to warrant activity:

    Weighted 

    Average 

    Number of  
    Exercise 

    Shares  
    Price 
  
    Balance — December 31, 2024 
     4,041,321  
    $0.56 
  
    Granted/ Increase to existing warrants 
     1,328,000  
     — 
  
    Exercised 
     (1,392,198) 
     0.37 
  
    Expired or forfeited 
     (1,202,244) 
     N/A  
  
    Balance — March 31, 202