Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1509

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 1509
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        Average   Contractual   Aggregate      Number of   Exercise   Life   Intrinsic      Shares   Price   (in years)   Value   Vested   4,041,321   $0.64    3.8   $1,846,047   Expected to vest   —    —    —    —   Total   4,041,321   $0.56    4.2   $1,846,047  

Additional information with respect to warrant activity:

    Weighted 

    Average 

    Number
    of  
    Exercise 

    Shares  
    Price 
  
    Balance —
    December 31, 2022 
     140,000  
    $9.29 
  
    Granted 
     50,000  
     5.50 
  
    Exercised 
     —  
     — 

     —  
     — 
  
    Balance — December
    31, 2023 
     190,000  
    $1.10 
  
    Granted 
     646,253  
     0.38 
  
    Grants
    pursuant to a ratchet provision 
     3,205,068  
    $0.38 
  
    Balance — December
    31, 2024 
     4,041,321  
    $0.56 

F-26

During 2023 the Company issued warrants to purchase
50,000 shares of Common Stock to the Company’s underwriter as compensation for providing services to complete the Company’s
IPO. The warrants vest on April 2, 2024 and have a term of five years from the grant date with
an exercise price of $5.50. The warrants are freestanding instruments in a bundled transaction with the IPO and are accounted for
separately. The Company determined that the warrants are classified as equity.

On February 20, 2024, the Company entered into
a securities purchase agreement with an accredited investor for the issuance of a senior secured promissory note. As part of the transaction,
the Company issued two warrants, the first gives the investor the option to purchase 120,000 shares of the Company’s common stock
with an exercise price of $3.00, exercisable until the