Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 64

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 64
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 $11,000,000 at the initial closing (the “Initial Closing”) upon the satisfaction or waiver
of certain closing conditions. Subject to certain conditions described in the Purchase Agreement, the Company has the option to request
that the Investor purchase additional Notes (the “Company’s Option Closing”), and the Investor has the option to cause
the Company to sell additional Notes (the “Investor’s Option Closing” and together with the Company’s Option Closing,
(the “Additional Closings”) and together with the Initial Closing, each a “Closing”), provided that the aggregate
original principal amount of any Notes issued in each Additional Closing shall not exceed $5,000,000 individually, and not more than $239,000,000
in the aggregate for all Additional Closings. The purchase price for each Note will be $900 for each $1,000 of principal amount of Note.

The Notes will be convertible into shares (the
“Conversion Shares”) of the Company’s common stock, par value $0.0001 per share (the “common stock”), at
a conversion price equal to 120% of the lower of (i) Nasdaq Official Closing Price of the common stock (as reflected on Nasdaq.com) on
the trading day immediately prior to (x) with respect to the Initial Closing the lower of the date of the Initial Closing (the “Initial
Closing Date”) and the date of the Purchase Agreement and (y) with respect to each Additional Closing, the date of such Additional
Closing, and (ii) the average Nasdaq Official Closing Price of the common stock (as reflected on Nasdaq.com) for the five trading days
immediately preceding (x) with respect to the Initial Closing either the Initial Closing Date or the date of the Purchase Agreement or
(y) with respect to each Additional Closing, such applicable Additional Closing date, provided, however, that in no event may the conversion
price be less than the Floor Price (as defined in the Notes) (subject to customary adjustments and the applicable limitations under Nasdaq
Listing Rules), which as of the date of the Purchase Agreement is $0.79. The Notes will bear interest at a rate of ten percent (10%) per
annum, payable monthly in arrears, mature twenty-four (24) months from the date of issuance and contain customary covenants and events
of default (upon which the interest rate will increase to a rate of nineteen percent (19%) per annum).

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