Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1730

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1730
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, $0.0001 par value per share, and 50,000,000 shares of preferred stock, $0.0001
par value per share. On July 22, 2021, the Company issued 6,000,000 shares of Common Stock and 2,000 shares of Series X Super Voting Preferred
Stock to Mr. La Rosa as compensation for services and the founding of the Company.

Common Stock

On April 17, 2023, the Company effected a 2-for-1 forward stock split
of its Common Stock issued and outstanding (including adjustments for fractional shares). As a result, all share information in the accompanying
financial statements has been adjusted as if the reverse stock split and forward stock split happened on the earliest date presented.
The par value of the Common Stock was not impacted by either of the splits.

Initial Public Offering

On October 12, 2023 the Company completed its
IPO and sold 1,000,000 shares of its Common Stock at a price to the public of $5.00 per share, resulting in gross proceeds of $5,000,000.
The Company received net proceeds of $4,360,000 after underwriter discounts, commissions, and expenses. The Company also incurred other
offering expenses of $2,544,459 and issued 1,393,618 common shares to service providers related to the IPO. These expenses were recorded
against the proceeds received from the IPO.

The Company used the proceeds to repay existing
debt and accrued interest of approximately $375,000, related party debt of approximately $150,000, existing accounts payable of $1,000,000,
and $550,000 toward the purchase of two franchised La Rosa offices. See Note 3 — Business Combinations for additional information.

Common Stock Issuances for IPO Services

On May 12, 2021, the Company entered into a capital
market advisory agreement with a consultant. During 2022, the parties amended the agreement, and in addition to other compensation, the
amended agreement required the Company to issue 400,000 shares, as adjusted for the stock splits, when the Company’s Common Stock
starts trading on a senior exchange. The Company issued the shares on October 9, 2023 valued at the IPO price of $5.00 a share.

On January 10, 2022, the Company entered into
an investment banking agreement with a consultant. In addition to other compensation,