Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1947

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1947
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 worked on the IPO process. A portion of the value of the shares extinguished $157,856
of existing accounts payable.

F-28

Additional Common Stock Issuances

On August 28, 2023, the Company repaid an OID
Note and, in accordance with the terms of the original note, the Company issued 30,000 shares of Common Stock to the lender, valued at
the expected IPO price of $5.00 a share.

On October 12, 2023, the Company completed its
IPO and, in accordance with the debt agreement the Company executed in December 2022 with the Company’s CEO, the Company issued
60,000 shares of unregistered, restricted Common Stock to the Company’s CEO with a value of $5.00 per share.

On October 12, 2023, upon the repayment of a note
payable to one of the Company’s lenders, the Company issued 5,000 shares of unregistered, restricted Common Stock with a value of
$5.00 per share in accordance with the debt agreement.

In September 2023, the Company executed a consulting
agreement with a service provider to supply certain investor relations services post-IPO. As part of the agreement, the Company issued
125,000 shares of the Company’s unregistered, restricted Common Stock, which were issued on October 13, 2023 and valued at $3.00
per share.

In December 2023, the Company executed a consulting
agreement with a service provider to supply certain investor relations services. As part of the agreement, the Company issued 100,000
shares of the Company’s unregistered, restricted Common Stock, which were issued on December 18, 2023 and valued at $1.98 per share.

In the fourth quarter of 2023, the Company acquired
controlling interests in four of its franchisees and full control of two of its franchisees. As part of the purchase consideration of
all six of the acquisitions, the Company issued 2,750,114 of the Company’s unregistered, restricted Common Stock. Each of the selling
members entered into lock-up/leak out agreements with the Company. Pursuant to these agreements, the selling members are restricted from
selling more than one-twelfth of the shares they received per calendar month during the one-year period commencing after the six-month
holding period under Rule 144 promulgated under the Securities Act of 1933