Company: LRHC
Filing Date: 2025-09-25
Form Type: S-1
Source: 0001213900-25-091637
Chunk: 10

Company: La Rosa Holdings Corp.
Filing Date: 2025-09-25
Form: S-1
Chunk 10
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 Qualifications Department notifying us that, for the 30 consecutive business day period between August 28, 2024 through
October 9, 2024, our common stock had not maintained a minimum closing bid price of $1.00 per share required for continued listing on
The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). On July 21, 2025, the Company
received a letter from Nasdaq confirming that the Nasdaq Listing Qualifications Department has determined that for the 10 consecutive
business days, from July 7 through July 18, 2025, the closing bid price of the Company’s common stock was at $1.00 per share or
greater. Accordingly, the Company had regained compliance with the Bid Price Rule, and this matter is now closed.

Change in Controlled Company Status

As of December 31, 2024, the Company qualified
as a “controlled company” because more than 50% of the voting power for the election of directors was held by Joseph La Rosa,
our Chief Executive Officer and Chairman. As a result of certain sales under the Company’s previously announced at-the-market offering,
as of April 16, 2025 Mr. La Rosa no longer held more than 50% of the voting power for the election of directors. As a result, the Company
was no longer considered a “controlled company” for the purposes of the listing requirements of the Nasdaq Capital Market.
Since the Company did not avail itself of certain of the controlled company exemptions afforded by Nasdaq to controlled companies, such
change in the Company’s status did not result in any corporate governance changes for the Company. The Company regained a “controlled
company” status on July 7, 2025 as a result of the Reverse Stock Split (as defined below), Mr. Joseph La Rosa became a holder of
more than 50% of the voting power of the Company.

Amendment to CEO Employment Agreement

On February 3, 2025, on the approval of the Compensation
Committee of the Board of Directors (the “Compensation Committee”) of the Company amended the employment agreement between
the Company and Joseph La Rosa, the Company’s Chief Executive Officer. The amendment provided Mr. La Rosa with a right to receive
certain annual equity awards and milestone equity awards not only in the form of stock options but also in the form of restricted stock
units and amended Section 4.3