Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 333

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 333
---
 the defendants. The case was voluntarily dismissed on March 26, 2025.

As previously disclosed, on
July 22, 2024, the Company’s subsidiary, Nona Legacy Powered by La Rosa Realty, Inc. commenced a civil action in the Ninth Judicial
Circuit in Orange County, Florida against Olga Norkis Fernandez Valdez a/k/a Norkis Fernandez and LPT Realty, LLC. The plaintiff sought
monetary damages caused by Norkis Fernandez due to the breach of contract and breach of fiduciary duty by Ms. Fernandez as well as injunctive
relief against Ms. Fernandez. The plaintiff also sought damages against LPT Realty, LLC for tortious interference with a contractual relationship.
The parties have signed a Mediated Settlement Agreement dated October 18, 2024, whereby the plaintiffs agreed to have the case dismissed
with prejudice.

On October 2, 2024, FCA One
Services LLC commenced a civil action in the Ninth Judicial Circuit in Orange County, Florida against Suncoasteam Realty LLC, Greg Boland,
Silvia Beltran Martinez LLC, Silvia Beltran, and Nona Legacy Powered by La Rosa Realty, Inc., our subsidiary. The plaintiff alleged negligent
misrepresentation in a real estate transaction. The case was settled by the parties on February 4, 2024, for immaterial amount without
admission of any liability on the part of Nona Legacy Powered by La Rosa Realty, Inc. This case is now closed.

The Company believes that
the above claims are without merit, and it will vigorously defend against such claims. Moreover, these claims, in the aggregate, would
not have a material adverse effect on the Company’s financial condition, business, or results of operations, should the Company’s
defense not be successful in whole or in part. Except as stated herein, there is no other action, suit, proceeding, inquiry or investigation
before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of our executive
officers, threatened against or affecting our Company or our officers or directors in their capacities as such.

Item 4. Mine Safety Disclosures.

Not applicable.

39

PART
II

Item 5. Market for Registrant’s Common
Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Market Information

Our Common Stock is currently
listed on The Nasdaq Capital Market under the symbol “LRHC.”