Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 9

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 9
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 promissory note in the principal amount of $200,000. Interest accrued on the principal amount at 12.5% per annum. The promissory
note was completely repaid in January 2025.

Abri 2024 Financing

On November 1, 2024, the Company
entered into a securities purchase agreement with an institutional accredited investor, Abri Advisors, Ltd. (“Abri”), pursuant
to which the Company agreed to issue and sell to Abri, up to 1,335,826 shares of Common Stock and/or pre-funded warrants to
purchase shares of Common Stock, at a price equal to $0.3743 per share. The Company also granted Abri piggy-back registration rights and
entered into a registration rights agreement with respect to the securities being issued in this financing. The closing took place on
November 1, 2024 and the Company issued Abri 936,264 shares of Common Stock and a pre-funded warrant to purchase 399,562 shares of Common
Stock. The Company received net proceeds of $480,000 on the closing date, after deducting offering expenses.

5

ATM Offering

On November 22, 2024, the
Company entered into a sales agreement (“ATM Agreement”) with A.G.P./Alliance Global Partners, as sales agent (“AGP”),
relating to the sale of Common Stock. During the year ended December 31, 2024, the Company issued an aggregate of 222,000 shares of Common
Stock pursuant to such ATM Agreement for net proceeds of $169,236. The Company paid the sales agent compensation with respect to sale
of such shares in the amount of $5,728. 

February 2025 Financing

On February 4, 2025 (the “Closing
Date”), we entered into a securities purchase agreement (the “SPA”) with an institutional investor (“2025 Investor”)
pursuant to which we agreed to issue and sell to 2025 Investor, upon the terms and conditions set forth in the SPA: (i) a Senior Secured
Convertible Note in the original principal amount of $5,500,000 which matures on the two-year anniversary of the Closing Date (the “Initial
Note”); and (ii) sixteen (16) warrants (“Incremental Warrants”), each to purchase additional Notes in an original principal
amount up to $2,500,000 at an exercise price of $2,256