Company: LRHC
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001213900-25-078012
Chunk: 55

Company: La Rosa Holdings Corp.
Filing Date: 2025-08-18
Form: 10-Q
Item: Item 1
Chunk 55
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 shares were
issued as a result of the Reverse Stock Split, fractional entitlements were rounded up to the next whole number. The Reverse Stock Split
reduced the number of shares of Common Stock outstanding from 58,323,795 shares to 729,113 shares. The number of authorized
shares of Common Stock under the Articles of Incorporation remained unchanged at 2,050,000,000 shares and the par value of the Common
Stock remained $0.0001 per share. The split also brought the Company back into a “Controlled Company” Status with the CEO
owning more than 50% of the voting power.

Other Subsequent Events

On July 9, 2025, our Compensation Committee,
our Board of Directors, and the stockholders approved the Second Amended 2022 Plan. Pursuant to the Second Amended 2022 Plan (i) the
total number of shares of common stock subject to the plan was revised from 156,250 shares (as adjusted for the 80-for-1 reverse stock
split effected by the Company on July 7, 2025) to 374,961 shares to ensure sufficient shares are available for future grants, and (ii)
the term “Consultant” was clarified to include not only a person, including an advisor, engaged by the Company, its subsidiary
or affiliate to render services to the Company or its subsidiary, but also a legal entity wholly-owned by such person. The Second Amended
2022 Plan replaced the Amended and Restated La Rosa Holdings 2022 Equity Incentive Plan adopted on November 19, 2024 by the stockholders
of the Company, in its entirety. On July 11, 2025, the Company filed a preliminary information statement on Schedule 14C with the SEC
notifying stockholders of such written consent. On July 21, 2025, the Company filed a definitive preliminary statement on Schedule 14C
with the SEC and commenced mailing the definitive information statement to stockholders of record as of the close of business on July
9, 2025. Such stockholders’ approval and the Second Amended 2022 Plan became effective on August 11, 2025.

On August 4, 2025, the Company and an institutional
investor (“Investor”) entered into an Equity Purchase Facility Agreement (the “EPFA”), pursuant to which, the
Company has the right to issue and sell to the Investor up