Company: LRHC
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001213900-25-048370
Chunk: 172

Company: La Rosa Holdings Corp.
Filing Date: 2025-05-29
Form: 10-Q
Item: Item 2
Chunk 172
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 and a unique experience, we believe that our agents are able to guide their clients seamlessly through
what may be their most expensive lifetime purchase.

On October 12, 2023, we consummated our IPO. Following
our IPO, during the fiscal year ended December 31, 2023, we acquired majority ownership of the following franchisees of the Company: Nona
Legacy Powered By La Rosa Realty, Inc. (formerly, La Rosa Realty Lake Nona Inc.), Horeb Kissimmee Realty, LLC, La Rosa Realty Premier,
LLC, La Rosa Realty Orlando, LLC, and 100% ownership of the following franchisees of the Company: La Rosa CW Properties, LLC and La Rosa
Realty North Florida LLC. In December 2023, we also formed our majority owned subsidiary La Rosa Realty Texas LLC.  During the fiscal
year ended December 31, 2024, we acquired majority ownership of the following franchisees and affiliates of the Company: La Rosa Realty
Georgia LLC, La Rosa Realty California, La Rosa Realty Lakeland LLC DBA La Rosa Realty Prestige, and La Rosa Realty Success LLC, and 100%
ownership of La Rosa Realty Winter Garden LLC, BF Prime LLC, Nona Title Agency LLC, La Rosa Realty Beaches LLC, and Baxpi Holdings. Additionally,
we acquired the remaining non-controlling interest portions of Nona Legacy Powered By La Rosa Realty, Inc. (formerly, La Rosa Realty Lake
Nona Inc.) and La Rosa Realty Premier, LLC, making them both 100% owned entities.

In December 2024, the Company opened its first
office and wholly owned subsidiary in North Carolina, La Rosa Realty NC LLC. In January 2025, the Company formed LR Luxury, LLC, engaged
mostly in the residential real estate brokerage business. In April 2025, the Company also formed LR Agent Advance, LLC, offering
a commission advancement program exclusively for La Rosa agents.

It is management’s intention to acquire
additional franchisees and other entities through the remainder of 2025. We continuously search for potential acquisition targets. Management
is in discussions with several franchisees and other entities; however, any future agreements may have terms that are materially different
than the terms of completed acquisitions. We cannot guarantee that the Company will actually enter into any binding acquisition agreements
with any of those companies. If we do, we cannot assure you that the terms of such acquisitions will be substantially the same or better
for the