Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 284

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 284
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 Preferred Stock such that, immediately after such redemption,
he will own shares of Series X Preferred Stock representing not less than 80% of the total voting power of the Company for a redemption
price of $2,000,000 payable on the Initial Closing Date, and $500,000 contingently payable upon the satisfaction by the Company of its
SEC filing requirements under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) for four consecutive quarters
and certain other four-quarter requirements set forth therein. Mr. La Rosa’s remaining shares of Series X Preferred Stock will be
redeemed by the Company at a subsequent time determined by the Board or otherwise as set forth in the Redemption Agreement as described
below, in each case for no additional consideration. These redemptions of the Series X Preferred Stock are conditioned upon stockholders’
approval and effectiveness of the Certificate of Amendment to the Articles of Incorporation, permitting the redemption of Series X Preferred
Stock.

The parties also agreed that in the event that
the Company receives any notice from a prospective investor (including the Investors) that such prospective investor would provide, or
commit to provide, equity or debt financing to the Company but for the existence of any then outstanding shares of Series X Preferred
Stock, the Company will, within twenty-four (24) hours following receipt of such notice, redeem all remaining issued and outstanding shares
of Series X Preferred Stock for no additional consideration.

In addition, under the Redemption Agreement, Mr.
La Rosa agreed to certain lock-up restrictions on his shares of the Series X Preferred Stock during the term of the Redemption Agreement.

On November 12, 2025, following the approval of
the Board of Directors of the Company, the Company and Mr. La Rosa, entered into an Amended and Restated Employment Agreement (the
“Amended Employment Agreement”), which amends and restates that certain Amended and Restated Employment Agreement between
the Company and Mr. La Rosa, dated April 29, 2022, as amended, in its entirety. 

42

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, relating to the sale of common stock.
During the three month ended September 30, 2025, the Company issued an aggregate of 75,000 shares of common stock pursuant to the ATM
Agreement for net proceeds