Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 416

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 416
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 and issued
100% of the Super X Super Voting Preferred Stock to the Company’s CEO. Each share of the Series X Super Voting Preferred Stock entitles
its holder to 10,000 votes per share and votes with the Company’s Common Stock as a single class on all matters to be voted or consented
upon by the stockholders. The Series X Super Voting Preferred Stock is not convertible into Common Stock or any other securities of the
Company. The holders of the Series X Super Voting Preferred Stock are not entitled to any dividend rights or any liquidation preference
and have no subscription, redemption or conversion privileges.

Series A Preferred Stock

On February 13, 2023, the Company designated 11,000
shares of the authorized preferred stock as series A preferred stock. The holders of the series A preferred stock do not have voting rights,
redemption rights, dividend rights, anti-dilution rights, nor liquidation rights. Each share of the series A preferred stock will automatically
convert into shares of the Company’s Common Stock upon the earlier of the closing date of the Company’s IPO or upon a change
in control of the Company. Upon the Company’s IPO, the value of each share is converted to common stock at a 30% discount of the
IPO price. The discount is accounted for as a deemed dividend that increases the basic net loss per share for common stockholders. 

During 2023, the Company issued 1,523 shares of
its series A preferred stock to 77 investors in a private placement pursuant to Regulation D under the Securities Act, raising $1,523,000.
The Company also exchanged convertible debt with an outstanding balance of $598,836, including accrued interest of $87,836, for 591 shares
of series A preferred stock. On March 27, 2023, the Company exchanged a portion of its related party debt with an outstanding gross balance
of $1,324,631, excluding debt discount of $469,785, and including accrued interest of $28,101, for 1,321 shares of series A preferred
stock. On December 31, 2022, a loan of $556,268 from Celebration Office Condos LLC, a company owned by the Company’s CEO, was forgiven
for one share of series A preferred stock which was issued in March 2023.

Upon the first day of trading of the Company’s
Common Stock on the Nasdaq stock exchange on October 10, 2023